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Analysis-Oil Majors Face Output Slump, Deep Losses if Russia Stops Kazakh Pipeline
Date: July 11, 2022
By Sabrina Valle and Ron Bousso LONDON (Reuters) -Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say. The closure of the CPC pipeline that carries oil from...
Analysis:’Nobody’s Perfect’: German Economy, Engine of Europe, Splutters
Date: July 8, 2022
By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Long one of the globe’s economic stars, Germany is on a brink of a reversal of fortune which some fear imperils the prosperity built by its post-war generation. While on the surface, the German economic engine is purring, a recent reversal in exports and steep stock...
Oil up Nearly $5 as Tight Supply Outweighs Recession Fears
Date: July 7, 2022
By Noah Browning LONDON (Reuters) -Oil prices rose steeply on Thursday after sharp losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted. Brent crude futures were up $4.68, or 4.7%, at $105.37 a barrel by 1400 GMT. WTI crude futures climbed $5.11,...
Weak Sterling Boosts FTSE 100 Amid Political, Growth Worries
Date: July 6, 2022
By Sruthi Shankar (Reuters) -UK stock markets on Wednesday rebounded from a sharp sell-off, with exporter-heavy FTSE 100 benefiting from a weakness in sterling as economic worries were compounded by a crisis in Boris Johnson’s government. The FTSE 100 rose 1.2% to recover from its worst session in three weeks, boosted by shares of dollar...
Russia Kills 21 With Missiles Near Odesa After Abandoning Snake Island
Date: July 1, 2022
By Iryna Nazarchuk SERHIIVKA, Ukraine (Reuters) -Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine’s Black Sea port of Odesa that authorities say killed at least 21 people, hours after Russian troops abandoned a nearby outpost at Snake Island. Neighbours in the resort village of Serhiivka helped...
Why Sentiment in Industrial Metals Has Been Crumbling
Date: July 1, 2022
By Pratima Desai LONDON (Reuters) – Industrial metal prices have just seen their biggest quarter of falls in many years, with the market reflecting exposure to China’s COVID lockdowns, inflation, rising interest rates and stalled growth. The speed and magnitude of the fall was unexpected and partly reflects the sale of metal such as aluminium...