Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets.
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The U.S. designation of Brazil’s biggest criminal groups as Foreign Terrorist Organizations (FTOs) starting Friday is likely to increase the risks and costs of doing business in a country where gangs have had years to penetrate the formal economy.
He suggested Romania offer drone fragments for Moscow to conduct its own probe.
Romania said a Russian drone crashed into an apartment block during an attack on Ukraine.
BP expressed serious concerns about the ousted chairman’s governance standards.
Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets.
World stocks rose to record highs on Friday and oil futures eyed their steepest weekly drop in nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the U.S.-Iran ceasefire.
The incident in Romania, also a member of the European Union, is likely to increase tensions on NATO’s eastern flank at a time when Ukraine’s allies are worried about Russia’s war on its neighbour spilling over its borders.
BP said on Tuesday it had removed Chairman Albert Manifold with immediate effect, citing “unacceptable” governance oversight and conduct issues.
Two liquefied natural gas tankers are exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.