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.
Global Oil Market Poised for Record Supply Glut in 2026
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
Trump acknowledges Russia’s full-scale invasion of Ukraine in leaked deal
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.
Oil price drop bellow $60 renders Russian price cap ‘irrelevant’
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.
The Kremlin is desperately hoping that Trump’s return will bring an end to the war.
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,
Putin Halts Arctic Gas Production as Sanctions Take Effect
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
Putin is getting around Western sanctions
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
Putin seeks urgent petrol supplies as Russia faces fuel shortage.
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
National Grid aims to restrict electricity consumption on Wednesday.
The National Grid has declared its intention to decrease electricity consumption on Wednesday, citing “tighter than usual electricity supply margins expected on Wednesday evening.”
Norway, is closely observing the investigation into the Baltic Sea pipeline rupture
Europe’s major gas supplier, Norway, is diligently following the investigation into the mysterious damage to a Baltic Sea gas pipeline.
Putin refutes claims of Russia meddling with the 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 said Russia and Saudi Arabia could keep cutting oil supplies
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.