China’s largest oil supplier, Russia, has been overtaken by Saudi Arabia. Beijing is trying to profit from the crisis by buying cheaper supplies.
China takes on Russian oil at a cheap price
Millions of UK homes warned of winter blackouts
If the Kremlin cuts off gas supplies to Europe, electricity could be reduced.
After Kyiv closes major transit route, Russian gas to Europe via Ukraine drops by 25%
The Russian gas flow to Europe via Ukraine dropped by 25% on Wednesday, after Kyiv stopped using a major transit route. This was the first time that exports via Ukraine
Ukraine halting key Russian gas transport to Europe, blames Moscow
On Tuesday, Ukraine announced that it would suspend gas flow through the transit point. It claimed the transit point delivers nearly a third of the fuel from Russia to Europe
Russia acknowledges its economic collapse due to Putin’s war
According to the Finance Ministry, Russia is experiencing its worst economic crisis in nearly three decades.
Gazprom Germania is taken over by the German regulator to ensure energy supply
Gazprom Germania, a Russian energy trading, storage, and transmission company, was abandoned by Gazprom Russia on Friday. It will now be transferred to Germany’s regulator in order to ensure energy
World’s Top Iron Ore Shipper Says Robust Prices Are Here to Stay
Top iron ore shipper Australia predicts elevated prices will stay for the rest of 2020 as Chinese demand strengthens and supply is slow to increase.
China copper imports in June fell 27% from a year earlier
BEIJING (Reuters) – China’s unwrought copper imports in June fell 27.2% from a year earlier, official data showed on Friday, as a slowdown in the world’s second-biggest economy continues to
US Military Bans Imports Of Rare Earth Materials From Russia, China, Iran, and North Korea
The United States has banned imports of a range of rare earth materials from Russia, China, Iran, and North Korea that can be used in military applications, the US Defense
