BUSINESS

A worker prepares to label barrels of lubricant oil at the state oil company Pertamina's lubricant production facility in Cilacap, Central Java, Indonesia November 6, 2017 in this photo taken by Antara Foto. Antara Foto/Rosa Panggabean/ via

OPEC+ Set To Confirm Modest April Output Rise Despite Oil Price Spike

OPEC+ oil producers meeting on Wednesday will likely stick to modest output rises, officials said, as OPEC heavyweights Saudi Arabia and the United Arab Emirates (UAE) recommit to their deal with Russia despite widening sanctions on Moscow and oil prices at eight-year highs.
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Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken February 24, 2022.

Oil Spikes To Seven-year High As Markets Avoid Russian Supply

Oil prices surged to seven-year highs on Wednesday as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market.
Uranium pellets, a nuclear fuel product for atomic power plants, are seen on a production line at Ulba Metallurgical Plant in Kazakhstan's eastern town of Ust-Kamenogorsk August 11, 2006.

Exclusive - US Utilities Push White House Not To Sanction Russian Uranium

The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.

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