The European Commission will discuss granting Ukraine the status of EU candidate nation on June 17 in order to prepare for the Union's summit on June 23-24, stated Eric Mamer, the agency's official. On June 13, the Committee of European Commissioners will host a general debate on the topic, according to Mamer. At a meeting scheduled for Friday, June 17, the institution is expected to reach a...

Coal India Limited, India's state-owned coal mining and processing business, has announced its first international tender for coal imports in order to assure adequate fuel supply to the country's power plants. "Coal India Limited announced a worldwide electronic tender for the delivery of 2.416 million tons of coal for the first time," the company said in a statement. Deviations of more than or...

The World Bank (WB) has downgraded its global economic growth forecast for this year from 4.1 percent to 2.9 percent. The World Bank specialists point out the negative implications of the situation in Ukraine, as well as chances of global inflation continuing to rise. Prices are expected to peak in the middle of this year, then remain at their present high level for the rest of the year. In such...

Japan may be facing its worst energy crisis since the earthquake and tsunami of 2011. According to Nikkei's calculations, the country might run out of energy comparable to the needs of 1.1 million households in the event of a bad scenario and a harsh winter. The shutdown of thermal power plants, sluggish restoration of nuclear power plants, and uncertainty about energy purchases from Russia...

According to Polish Prime Minister Mateusz Morawiecki, the European Union will help Poland in its transfer of defensive weapons to Ukraine. According to him, the EU will provide Warsaw with "hundreds of millions of euros." He didn't say how much it cost. Following a meeting with European Commission President Ursula von der Leyen, Mr. Morawiecki held a joint press conference on the subject....

According to the Financial Times, the amount of unpaid utility bills in the United States has increased dramatically during the COVID-19 pandemic, reaching $23 billion as of February, according to figures from the National Association of Energy Assistance Program Administrators (NEADA). According to the group, which assists low-income families in the United States with utility bills,...

Israel and the United Arab Emirates have inked a free trade deal, according to a statement from the Israeli Foreign Ministry. "A historic agreement on a free trade zone was reached this morning in Dubai between Israel and the United Arab Emirates," the ministry said in a statement. Israeli Economy and Industry Minister Orna Barbivai and UAE Economy Minister Abdulla bin Touq Al Marri both signed...

APS: Sonatrach and SOOGL agree to split $490 million in oil production. The official Algerian news agency APS announced on Twitter on Saturday that Algeria's Sonatrach oil and gas group and Chinese oil and gas business Sinopec Oil & Gas Limited (SOOGL) had inked a $490 million oil production sharing agreement in Algeria's southeast section. The 25-year agreement calls for a "project...

The UK plans to introduce a 25 per cent levy on excess profits from oil and gas companies as part of measures to tackle the cost-of-living crisis. This was announced by the country's finance ministry. "A new 25 per cent levy will be levied on the excess profits earned by oil and gas companies to help families with the cost of living," the authority said in a press release. Inflation in the UK...