Page 5 - David Wech News Today

The Competition Authority says most retailers have passed on Rishi Sunak’s duty cut to drivers, but prices remain a ‘cause for concern’

The European Union is mulling its biggest step yet in retaliation for Russia's unprovoked invasion of Ukraine: banning oil imports from the...

By targeting shipping, the EU hopes to cripple Russian production.

Russia is a major producer of energy and makes billions from its exports. The EU is its biggest customer and natural gas is a powerful political tool.

The risk of Russia cutting off natural gas may mean Europe doesnt ban Russian oil, Vortexas chief economist said. | Business Insider Africa

U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, according to shipping data, traders and analysts. As the European Union weighs an oil embargo on Russia over its invasion of Ukraine, U.S. exporters are ...

By Arathy Somasekhar and Stephanie Kelly HOUSTON,(Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset...

"The US will rank highly, that's natural, given its size, and its proximity and also the crude quality," Vortexa's chief economist said.

Supertankers will likely play an increasingly larger part in moving that crude from the US to Europe, according to Vortexa.

A 2-million-barrel supertanker delivered US crude oil to Spain for the first time since 2015, Bloomberg reported. | Business Insider Africa