April 1, 2022
Unprecedented release from Joe Biden to reduce fuel costs
US President Joe Biden has ordered a major release of oil from America's reserves in an effort to bring down high fuel costs.The release of up to 180m barrels of oil over six months is the largest since the reserve was created in 1974. Oil prices…
March 27, 2022
The US and the EU have announced a major deal on liquified natural gas
The agreement will see the US provide the EU with extra gas, equivalent to around 10% of the gas it currently gets from Russia, by the end of the year. The bloc has already said it will cut Russian gas use in response to Russia's invasion of…
March 27, 2022
Canada stepping up to help solve Global energy crisis
Prices have soared as a result of Russian supplies being squeezed because of its invasion of Ukraine. Canada's natural resources minister said many countries are committed "to help as much as we can in terms of displacing Russian oil and gas".The…
March 22, 2022
Shell reconsidered pulling investment from oil field off Shetland
Energy giant Shell is reconsidering its recent decision to pull investment from a large new UK oil field, the BBC understands. In December, Shell said the economic case - along with possible regulatory delays - meant it was withdrawing from the…
March 21, 2022
Saudi Aramco increases investments in energy production
The state-owned oil giant Saudi Aramco plans to sharply increase the amount it invests in energy production, after it reported a doubling of profits in 2021. The firm aims to boost output significantly over the next five years.Energy prices have…
March 21, 2022
Moscow stock market reopens for some bond trading
The Moscow stock exchange has partially reopened after a nearly month-long suspension over the war in Ukraine. Only bonds issued by the Russian government can be traded as part of a phased re-opening of the market. The exchange closed hours after…
March 18, 2022
Delta warns oil increases mean higher ticket prices
Higher oil prices are set to lead to a 10% increase in air fares, according to the boss of one of the world's biggest airlines.Delta Air Lines head Ed Bastian told the BBC the final impact "really depends where fuel prices settle". Oil prices have…
March 17, 2022
Government of Belize presents billion dollar budget to Parliament
Prime Minister John Briceno has presented a BDZ$1.2 billion (One Belize dollar=US$0.49 cents) budget to Parliament, announcing the restoration of the restoration of the 2020-2021 wage levels to teachers and public officers as well as expecting to…
March 15, 2022
UK computer chip designer Arm Holdings has said it plans to cut up to 15% of its workforce
The redundancies have emerged just a month after the collapse of the firm's $40bn sale to US chipmaker Nvidia. If the proposals go ahead most job losses would be in the UK and the US, the Cambridge-based company said. Arm's chip designs are licensed…
March 13, 2022
New evidence highlights corrupt deals
A BBC investigation has uncovered new evidence about the corrupt deals that made Roman Abramovich's fortune.The Chelsea owner made billions after buying an oil company from the Russian government in a rigged auction in 1995. Mr Abramovich paid…