Russia

Farewell to the Golden Arches: renamed McDonald’s to reopen in Russia

McDonald’s has been extremely popular in Russia since the early 1990s It is among Western companies leaving Russia over Ukraine The company operated nearly 850 restaurants across Russia McDonald’s restaurants will reopen under new ownership on Sunday June 10 (Reuters) – Sunday marks a new dawn for Russian fast food lovers as a former McDonald’s …

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OECD cuts global growth forecast on war in Ukraine and China’s zero Covid policy

The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 – a deterioration of 1.5 percentage points compared to a projection made in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Co-operation and Development has become the latest international body to lower its forecast for global growth …

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OPEC+ is ‘sort of broken down’ as Russia loses relevance and the group faces limited spare capacity

OPEC+ is “kind of broke,” a senior analyst at an oil research firm said after oil prices rose despite the alliance announcing it would increase supply more quickly. OPEC and its allies decided to pull almost 10 million barrels from the oil market in 2020 when Covid first hit and demand evaporated. The alliance announced …

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Why Russia Doesn’t Suffer Even As It Cuts Off European Gas | CNN Business

London CNN Business — Russia’s increasingly aggressive actions against its European gas customers are taking their toll. The country natural gas exports have fallen by more than a quarter since January. But soaring prices have kept Russia’s coffers bloated as it continues to cut deliveries. Moscow’s gas exports to countries outside its Commonwealth of Independent …

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Russia widens gas cuts in Europe as Gazprom cuts supply from Dutch trader

A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Gazprom says it cut gas supply to GasTerra Russians cite refusal to pay in rubles The Dane also on the lookout for …

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Oil Prices

Oil prices are expected to rise further this summer | OilPrice.com

The combination of limited new supply options, growing risks to traditional supply and growing global demand are expected to drive oil prices higher this summer. Oil Price Alert: This month’s Smart Investor column, now available for Global Energy Alert members, highlights two oil and gas pipeline stocks that could provide solid income for investors. If …

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