UK imposes 25% energy windfall tax to help households as bills surge

Energy producers making extraordinary profits, says Sunak Five billion pound tax offsets 15 billion pound support plan High inflation causing acute distress for Britons – Sunak LONDON, May 26 (Reuters) – Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion pound ($ 18.9 billion) package of … Read more

Ukraine’s embattled farmers running on empty as world faces food crisis

More than 20 million tonnes of grain stuck in silos Farmers waiting weeks for diesel deliveries Ukraine seeks other export routes as blocked ports PARIS / LONDON, May 25 (Reuters) – After making it through the spring planting season, sometimes with the help of bulletproof vests and helmets, Ukraine’s farmers are facing another challenge – … Read more

Exclusive: US aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade

The US Navy Arleigh-Burke-class guided missile destroyer USS Curtis Wilbur launches a Harpoon surface-to-surface missile during Pacific Vanguard (PACVAN) quadrilateral exercises between Australia, Japan, Republic of Korea, and US Naval forces in the Philippine Sea May 26 , 2019. Picture taken May 26, 2019. US Navy / Mass Communications Specialist 1st Class Toni Burton / … Read more

Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms are not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields … Read more

UAE’s newly elected ruler sees Iran, Islamists as a threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm / day of gas supply Dutch gas prices rise by up to 20% BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries … Read more

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Finland expected to announce bid to join NATO Ukraine halts major route for Russian gas to Europe Russia imposes sanctions on Gazprom units in Europe, US Ukrainian forces seek to cut Russian battlefield supply lines KYIV / BRUSSELS, May 12 (Reuters) – Finland is expected to announce on Thursday its intention to join NATO with … Read more

Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route

Russian gas exports via Ukraine fall to 72 mcm Ukraine declared ‘force majeure’, halted transit point use Gazprom says it cannot send all flows to another route European countries still receiving contracted flows 10 mcm / day of gas would need to be re-routed-analysts LONDON, May 11 (Reuters) – Russian gas flows to Europe via … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about … Read more

Russia unleashes rockets after Mariupol ceasefire, EU eyes oil sanctions

Russian rockets pound parts of eastern, southern Ukraine West pledges heavier weapons to boost Ukraine defences ‘Ukraine’s finest hour’ – UK’s Johnson, echoing Churchill ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russia launched an attack on the encircled Azovstal steel works in Mariupol, Ukraine’s last redoubt in the port city, after a ceasefire broke down on … Read more