Glencore Settles Corruption and Bribery Charges in U.S., U.K., Brazil
Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the U.K. and to conspiracy…
How Germany Is Racing to Sever Dependence on Russian Energy
WILHELMSHAVEN, Germany—Days after taking office as Germany’s vice chancellor and economy minister in December, Robert Habeck asked his most senior officials for a detailed assessment of his country’s dependence on…
California’s $6 gas could spread nationwide, JPMorgan warns | CNN Business
New York CNN Business — The average price for gasoline in California hit $6 a gallon Tuesday for the first time – and analysts at JPMorgan are warning that price…
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s invasion of Ukraine. Saudi Arabian Oil Co., commonly known as…
Europe’s Gas Market Is Still Counting on Russian Supplies
A disruption in the flow of Russian gas to Europe this year is suddenly all too easy to imagine. Europe’s natural-gas supply seems a lot less secure even than a…
Rising Food Prices Roil Developing World
Soaring food prices are triggering shortages and protests across the developing world as disruption from the Ukraine war adds to existing strains on global supplies of grains, meat and other…
India Bans Wheat Exports, Putting More Pressure on Global Food Supplies
NEW DELHI—India said it would ban wheat exports, in a move that will add to global inflationary pressure and further strain global food supplies that have been disrupted by the…
Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions
Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless companies and governments tighten their controls. In theory, U.S. and…
Ukraine Reduced Russian Gas Flowing to Europe Through Key Pipeline
Ukraine reduced flows of Russian natural gas through its territory to Europe, sending prices higher amid the continent’s still-precarious reliance on Russian fossil fuels. Within hours, though, enough gas was…
Western Economies Are Creaking Under High Oil and Gas Prices, With No Relief in Sight
As the war in Ukraine drags on and Western sanctions against Russia tighten, the prospect of a normalization in energy prices is receding, raising the conflict’s toll on global economic…
