Month: March 2022

Russia To Demand Hostile States Pay In Rubles For NatGas
23. 3. 2022 No Responses

Russia To Demand Hostile States Pay In Rubles For NatGas

During an address to the nation moments ago, Vladimir Putin said that Russia will demand that countries it has labeled “unfriendly” (which includes U.S., U.K., and European Union countries) must pay in rubles for Russian gas, Interfax reported.  As a result, Putin ordered...
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U.S. sending Switchblade “Kamikadze” drones to Ukraine
17. 3. 2022 No Responses

U.S. sending Switchblade “Kamikadze” drones to Ukraine

Ukrainian forces will be armed with Switchblade “kamikaze” loitering drones that target enemy positions from 25 miles away as part of an $800 million US defence aid package. The American-made Switchblade devices are launched like mortar shells and glide th...
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BMW, VW, Skoda Suspend Manufacturing
16. 3. 2022 No Responses

BMW, VW, Skoda Suspend Manufacturing

European automobile manufacturers are suspending the operation of a number of plants due to a shortage of parts delivered from Ukraine. “The problem with wire harnesses is that they are fundamental,” Alexandre Marian, a managing director at consult...
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NLAW, Javelin, Starstreak: 2,000 pieces of weaponry sent to Ukraine
15. 3. 2022 No Responses

NLAW, Javelin, Starstreak: 2,000 pieces of weaponry sent to Ukraine

Western countries have sent more than 200,000 pieces of weaponry to Ukraine. From anti-tank missiles to rifles and ammunition, thousands of pieces of equipment have been pledged and sent to help Ukraine in its fight against Russian forces. The UK...
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Airline lessors set to lose more than 500 planes and $12 billion
14. 3. 2022 No Responses

Airline lessors set to lose more than 500 planes and $12 billion

More than 500 aircraft leased to Russian airlines by companies based in the West are in danger of never coming out of Russia. Companies that lease airliners to Russian airlines such as Aeroflot and S7 (airline aircraft are routinely operated...
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Warren Buffett accumulated another $1 billion in Occidental shares
13. 3. 2022 No Responses

Warren Buffett accumulated another $1 billion in Occidental shares

In total, Berkshire now reports owning 136.4 million common shares of the oil giant, currently valued at $7.2 billion. That represents more than 13% of OXY’s outstanding shares. Berkshire also holds warrants to buy nearly 84 million more shares at...
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Oil Prices Soar Despite Petroleum Reserve Release
1. 3. 2022 No Responses

Oil Prices Soar Despite Petroleum Reserve Release

Crude prices continued to rally on Tuesday morning despite the news of concerted SPR releases. The IEA Ministerial Meeting being held on Tuesday has resulted in an agreement of some of its members to release 60 million barrels of crude...
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