Average US Gasoline Price Exceeds $ 5 for First, Spurring Inflation | Reuters

On June 11, US gasoline prices exceeded $ 5 a gallon for the first time. The rise in fuel costs, which is the main factor pushing up prices, will not stop. Taken in May in New Jersey (2022 Archyde.com / Eduardo Munoz) [Archyde.com]-US gasoline prices exceeded $ 5 a gallon for the first time on … Read more

Sri Lanka to default today Interest payment grace period expires | Reuters

On May 18, Sri Lanka is expected to be sentenced to default by a rating agency on the same day that the grace period for interest payments on government bonds ends. The photo shows people lining up at a gas station in Colombo on the 16th (2022 Archyde.com / Adnan Abidi) [Colombo 18th Archyde.com]–Sri Lanka … Read more

Fall in crude oil futures, pay attention to EU’s move over Russia’s oil embargo | Reuters

Crude oil futures on Asian time fell. Attention is being paid to the regional talks on the embargo on Russian crude oil proposed by the European Commission of the European Union (EU). The photo shows a crude oil sample being collected in an oil field in Irkutsk Oblast, Russia. Taken on March 10, 2019. (2022 … Read more

BP in the UK, profits increase sharply in the first quarter Reuters to expand share buybacks | Reuters

In the first quarter financial results announced by British oil giant BP on May 3, net income was the highest level in more than 10 years. It also announced an expansion of share buybacks. Taken in January 2021 near Brighton, UK (2022 Archyde.com / Toby Melville) [London, 3rd Archyde.com]–The first quarter financial results released by … Read more

Refusal to refuel Russian merchant ships, major European ports in the Mediterranean | Reuters

It has been found that refueling companies have stopped replenishing Russian-registered merchant ships at major European ports such as Spain and Malta. The photo is the Rock of Gibraltar. Taken in January 2021 (2022 Archyde.com / Jon Nazca) [Archyde.com]–It was found that refueling companies have stopped replenishing Russian-registered merchant ships at major European ports such … Read more

G7 refuses ruble settlement request for natural gas Russia “not supplied for free” | Reuters

[Archyde.com, 28th Berlin]-Energy ministers of the seven major countries (G7) agreed on the 28th to refuse the ruble settlement of natural gas requested by Russian President Vladimir Putin. Energy ministers of the seven developed countries (G7) agreed on the 28th to refuse the ruble settlement of natural gas requested by Russian President Vladimir Putin. Pipeline … Read more

China Shinopek discontinues Russian investment talks Western sanctions impact = sources | Reuters

China’s state-owned oil and gas giant, Sinopec Group, has terminated talks on Russia’s large-scale petrochemical investment and gas sales business, sources said. Taken in August 2008 (2022 Archyde.com / Bobby Yip) [Archyde.com]–China’s state-owned oil and gas giant, Sinopec Group, has terminated talks on Russia’s large-scale petrochemical investment and gas sales business, sources said. It is … Read more

EU leaders pay ruble for natural gas “violation of supply contract” | Reuters

[Brussels, 24th Archyde.com]-Russian President Vladimir Putin demanded that “unfriendly countries” pay for natural gas in rubles, European Union (EU) leaders signed a supply contract on the 24th. He pointed out that there was a risk of violation. European Union (EU) leaders may violate supply contracts on March 24 when Russian President Vladimir Putin demanded that … Read more