The FTSE 100 fell after comments from Donald Trump raised fresh hopes of an end to Russia’s war in Ukraine, hitting oil and defence stocks.
The FTSE 100 fell after comments from Donald Trump raised fresh hopes of an end to Russia’s war in Ukraine, hitting oil and defence stocks.
WTI crude fell to around $64.50 a barrel, its lowest in two months, after forecasts from the IEA and US government pointed to a growing oil surplus and record-high inventories
Donald Trump has, for the first time, recognised Russia’s assault on Ukraine as a “full-scale” invasion, according to a leaked draft of a minerals agreement obtained by The Telegraph.
The Kremlin can now largely disregard the G7’s price cap on Russian oil exports, as the global benchmark price has fallen below $60 a barrel.
Russia’s sudden eagerness to engage with U.S. President Donald Trump’s efforts to end the war in Ukraine comes as no surprise. The Kremlin is desperate for the conflict to conclude,
Russia has been compelled to halt operations at a section of the world’s largest liquefied natural gas (LNG) facility near the Arctic city of Murmansk due to diminished demand caused
Insurers have raised concerns that the price cap on Russian oil has become unenforceable, leading to an increase in ships joining a shadow fleet, thereby circumventing G7 sanctions aimed at
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
The National Grid has declared its intention to decrease electricity consumption on Wednesday, citing “tighter than usual electricity supply margins expected on Wednesday evening.”
Europe’s major gas supplier, Norway, is diligently following the investigation into the mysterious damage to a Baltic Sea gas pipeline.
President Vladimir Putin dismissed claims suggesting Russia’s hand in the disruption at the Balticconnector gas pipeline, calling them “utterly baseless.”
Vladimir Putin indicated that the reduction in oil supplies by Saudi Arabia and Russia is likely to be prolonged, as the Opec+ group seeks to stabilize prices.