President Volodymyr Zelenskiy called the $60 per barrel price cap on Russian crude a sign of weakness toward Moscow. The cap agreed on by European Union countries is higher than the price at which Russian oil has been trading recently, and the Kremlin said it’s preparing a workaround in any case.
The OPEC+ alliance is meeting to review oil production levels for 2023 as the global market is roiled by uncertainty over Chinese demand and Russian supply.
(Bloomberg) -- South Korean President Yoon Suk Yeol asked his cabinet to be ready to issue an “imminent” return-to-work order on striking truck drivers in the oil and steel industries amid growing disruptions in the transporting of key materials in the global supply chain.
Shanghai eased some of its Covid restrictions, joining other top-tier Chinese cities as authorities expand a shift toward reopening the economy after thousands of demonstrators took to the streets of the city last weekend to voice their anger at China’s Covid policies.
Paris reopened its most iconic airport terminal as France prepares to welcome millions of visitors for the 2024 summer Olympics while the travel industry struggles to recover from the fallout of the pandemic.
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