The idea is to limit how much Russia can earn from the oil it sells while still keeping markets well supplied.
Tag: Prices (Fares, Fees and Rates)
In Southeast Asia, Luxury Hotel Bargains Aren’t Hard to Find
The region is emerging from Covid isolation only to find a dearth of the Chinese visitors who once flocked there. Some hotels are responding with deals for travelers from the U.S. and elsewhere.
Ecuador Roiled by Protests Set Off by Rising Fuel and Food Prices
The country’s capital has been virtually paralyzed by demonstrators, and the government says it has lost control of a small city in the Amazon to protesters wielding guns, spears and explosives.
Inflation and Price Gouging
We look at whether “greedflation” is causing higher prices.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
German Brewers Face ‘Unprecedented’ Beer Bottle Shortage
A nation of beer lovers is facing a shortage of bottles, partly because of the war in Ukraine. Breweries are looking to drinkers for a rescue.
Biden to Travel to Saudi Arabia, Ending Its ‘Pariah’ Status
As a candidate, President Biden vowed to punish the kingdom for the brutal assassination of Jamal Khashoggi. But now he wants to rebuild relations as he seeks to lower gas prices and isolate Russia.
Europe’s Russian Oil Ban Could Overhaul Global Energy Market
The effort could hurt Russia but could also help drive up already high oil prices, hurting the global economy and enriching energy companies.
Glencore Will Pay $1.1 Billion to Settle Bribery and Price-Fixing Charges
U.S. prosecutors said the settlement followed “a multiyear scheme to manipulate benchmarks used to set prices for oil at two of our country’s busiest ports.”
Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia
Top economic officials are gathering this week to discuss how to keep pressure on Vladimir V. Putin without sinking their economies.