Oil prices are approaching their steepest annual decline since the pandemic-induced collapse of 2020, pressured by mounting concerns over a deepening supply glut. The deterioration in crude markets has intensified
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The head of one of the world’s leading energy trading firms, Gunvor, has resigned and sold his controlling shareholding to company staff, following mounting scrutiny over connections to Russia. Torbjörn
The Wall Street banking giant JP Morgan has entered into a significant legal confrontation with VTB Bank, a Kremlin-backed institution, in London’s High Court. The dispute centres on more than
Russian exporters are increasingly embracing barter trade arrangements to circumvent payment delays stemming from Western sanctions imposed following Moscow’s invasion of Ukraine. The shift comes as foreign banks distance themselves
