Commodities
Glencore trading business booms in volatile markets
Glencore's trading business boomed in the first quarter as the war in Ukraine caused shortages of some commodities and volatile markets.
Russia halts gas supplies to Poland and Bulgaria
Russia has cut off gas supplies to Poland and Bulgaria, causing European energy prices to spark.
Polymetal shelves dividend as Ukraine sanctions bite
Polymetal International has shelved payment of its final dividend because of uncertainty over its financial position caused by sanctions linked to the war in Ukraine.
EU delays Russia coal ban under German pressure - report
The European Union will delay implementing a ban on Russian coal until mid-August because of pressure from Germany, according to a report.
EU plans phase-out of Russian coal imports - report
The EU is planning a mandatory phase-out of coal imports from Russia in response to reports about Russian atrocities in Ukraine, according to a report.
LME faces probe by UK regulators over nickel trade suspension
The London Metal Exchange’s (LME) handling of a nickel trading suspension during chaotic trading last month after Russia’s invasion of Ukraine is being probed by UK regulators.
UK will join US in strategic oil reserves release - report
The UK will reportedly join the US in releasing more oil from its reserves as part of a joint effort to lower prices and reduce reliance on Russian supplies.