international-trade
Top StoriesMarine Insurers Widen High-Risk Area as Ukraine Conflict Escalates
Top StoriesNATO Rejects Ukraine No-Fly Zone, Says ‘not Part of This’ War
Top StoriesEU Eyes More Russia Sanctions, NATO Wary of Ukraine Calls for No-Fly Zone
Top StoriesSocGen Fears Confiscation of Russia Assets as Banks Prepare for Worst
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Date: March 2, 2022
By Florence Tan and Gavin Maguire SINGAPORE (Reuters) -Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. Brent crude topped $112 a barrel on Wednesday, the highest since...
Russian Oil Disruptions Escalate, Global Prices Rise
Date: March 2, 2022
By Dmitry Zhdannikov and Julia Payne LONDON (Reuters) – Disruptions to Russian oil exports intensified on Wednesday with more countries and companies refusing to import and transport Russian crude and at least 10 tankers failing to find buyers, driving oil and gas prices higher. The United States and the European Union have imposed harsh sanctions...
Oil Spikes as Russian Supply Disruptions Increase Amid Sanctions
Date: March 2, 2022
By Noah Browning LONDON (Reuters) -Oil prices surged on Wednesday as supply disruptions mounted after sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market. Brent crude futures rose by nearly $9, touching the highest since June 2014 at $113.94 a barrel before...
Ukraine Invasion Hampers Wire Harness Supplies for Carmakers
Date: March 2, 2022
By Christina Amann and Nick Carey (Reuters) -Carmakers including Germany’s Volkswagen, BMW and Porsche are struggling to obtain crucial wire harnesses as suppliers in western Ukraine have been shuttered by the Russian invasion, forcing them to curtail production. Production of the part, needed for organizing miles of vehicle cables, has affected suppliers like Leoni, Fujikura...
European Union Talks to U.S. About Widening Airspace Ban on Russia
Date: March 1, 2022
By Jamie Freed, Ilona Wissenbach and Foo Yun Chee (Reuters) -The European Union is speaking to U.S. counterparts about extending a ban on Russian flights, it said on Tuesday, as it gave more details of the EU’s closure of airspace to Russian aircraft imposed after Moscow’s invasion of Ukraine. Airlines already face potentially lengthy blockages...
More Supply Chain Pain as Airspace Closures Hit Air Cargo
Date: March 1, 2022
By Jamie Freed and Ilona Wissenbach (Reuters) -Global supply chains, already hit hard by the pandemic, face new disruption and cost pressure as airspace bans following Russia’s invasion of Ukraine raise concerns over a fifth of air freight. Transport between Europe and north Asian destinations like Japan, South Korea and China is in the front...