Central Bank of Russia says stock market to be shut on Monday - Ruble plunges
The Central Bank of Russia said the stock market will be closed on Monday, and that...
The Central Bank of Russia said the stock market will be closed on Monday, and that it will announce whether it will reopen on Tuesday. The pain will be intense when stock trading resumes -- shares of Russian companies with secondary listings in London plunged, with Fix Group FIXP, -78.31% dropping 76% and Magnitogorsk Iron & Steel Works MMK, -68.08% falling 68%.
Meanwhile, the Russian central bank more than doubled interest rates to 20% on Monday, as the ruble plunged following further moves by Western powers to the country over the invasion of Ukraine.
Russian Firm Buys Mexican Acreage In The Middle Of Ukraine Invasion
Right in the midst of Putin’s invasion of Ukraine, Russia’s Lukoil is treating everything...
Right in the midst of Putin’s invasion of Ukraine, Russia’s Lukoil is treating everything as business as usual and has just completed the acquisition of a 50 percent operated stake in the Area 4 project offshore Mexico.
Lukoil today announced the completion of this transaction, with the Mexican authorities approving the deal earlier this month. The transaction value amounts to $435 million, plus expenditures in the region of $250 million incurred since January 1, 2021.
Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
Iraq stopped oil production from two southern fields with a combined capacity of almost half...
Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day.
The shutdowns curtail the ability of OPEC’s second-largest member to pump crude just as Russia’s invasion of Ukraine and tight supplies globally send prices soaring.
The outages come as many OPEC members, including Iraq, struggle to reach their production quotas, causing global energy markets to tighten as demand recovers from the coronavirus pandemic.
Britain: Fracking was ended on a ‘false pretext’ and should be resumed with ‘vigour’, MPs say
Fracking was ended in Britain ...
Fracking was ended in Britain on a "false pretext" and should be resumed with "the vigor of a national war effort", Conservative MPs said last night, as an official report cast doubt on the evidence cited by ministers to justify the ban.
Days after Boris Johnson warned that Europe was "addicted" to Russian oil and gas, it has emerged that a report commissioned by a UK regulator described some of the tremors used to justify the moratorium on shale gas exploration in Britain as "almost imperceptible".
