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Europe’s reliance on energy from Russia has jacked up the odds that the region could enter a recession this year as soaring inflation pushes people to cut back spending. The United States is more insulated from the spike in oil and gas prices — but it’s not immune. What’s happening: Goldman Sachs has downgraded its forecast for … The post Goldman Sachs: Risk of recession in United States is 35% appeared first on IPE Club .

PARIS, March 12 — Credit rater Fitch today downgraded 28 Russian natural resources companies including state gas giant Gazprom, warning they risk defaulting on payments under sanctions imposed for Russia’s invasion of Ukraine. Fitch Ratings said…

On Saturday, Egyptian Minister of Trade and Industry Nevine Gamea announced an export ban on cooking oil, corn, and all kinds of cracked green wheat (fereek) for three months. The decision was taken in coordination with Minister of Supply and Internal Trade Ali Moselhi in light of the country’s plan to secure citizens’ needs of […]

REGINA - Saskatchewan’s auditor says the Ministry of Energy and Resources violated government legislation by handing out grants for cleaning up inacti…

Russia''s invasion of Ukraine last month has aggravated a global surge in prices of key commodities including food and oil.

The Russian ban has put the spotlight on Canada, which supplies more than half of America’s oil and gas imports

The ALPS Clean Energy ETF ( ACES ) has returned 7.91% over a one-week period, driven by expectations that the Russia-Ukraine war will further tighten the global oil supply and drive up commodities prices.

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President Joe Biden risibly claimed that presidents can’t do anything about oil prices, but his administration has been systematically attacking oil extraction

Biden Blames Inflation On Putin, Big Oil And The Pandemic Friday morning, the Wall Street Journal reported that Democrats have ''lost ground'' over key issues - primarily inflation and the economy , which 50% cited as a top issue. A majority of voters, 63%, said they disapproved of Mr. Biden’s handling of rising costs , the president’s worst rating on six policy issues surveyed in the poll. Meanwhile, 4 7% of voters said Republicans were better able to handle inflation, compared with 30% who preferred Democrats . - WSJ The devastating poll comes as the White House has spent the better part of the last week rebranding inflation as the " Putin price hike ": And so, just hours later while speaking with House Democrats at their member retreat in Philadelphia, Biden laid out his case on Friday for why inflation isn''t his fault . Instead, Russian President Vladimir Putin, big oil, and the pandemic are the culprits. " Here are the facts. Democrats didn''t cause this problem, Vladimir Putin did ," Biden said.

EU leaders gathered at the Versailles palace on Friday announced a plan to improve their militaries together and for the bloc to produce its own food, energy and military hardware.

Ethnic clashes leave at least 17 people dead in Sudan''s Darfur region. Observers blame. Arab militias for launching attacks to settle land and livestock disputes. The cost of living for Ghanaians is at its highest in almost 6 years. The increasing price of basic goods such as water and oil leave families and businesses struggling. And Congolese authorities vow to clamp down on shoddy construction after a tragic accident in Kinshasa. Experts blame corruption and poor urban planning.

Not everyone is suffering from high gas prices that have spiked further with Russia’s invasion of Ukraine and the international sanctions imposed on Moscow.Some players, including the U.S. oil producers, stand to gain financially. And countries such…

Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a ban on Russian oil.

“India is an oil importing country and it is not just the direct oil and commodity companies but thousands of other items like tyres and cement and coal and coke, even baby diapers and lipsticks are also impacted. There will be an earnings downgrade for India at the Nifty level of about 10-15% and individual stocks and earnings will fall far more. ”