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France issues new gloomy gas supplies prediction

French authorities are preparing for a complete suspension of gas supplies from Russia, according to the country’s Finance Minister Bruno Le Maire, who sees such a full shutdown as the “most likely scenario.”

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India eyes bigger stakes in Russian oilfields – media

New Delhi reportedly wants to preserve and expand its holdings in the Sakhalin-1 project India’s Oil and Natural Gas Corporation (ONGC) is deploying additional manpower to play a bigger role in operating the Sakhalin-1 oil field following ExxonMobil’s withdrawal, the Times of India reported on Friday. The company has a 20% stake in the energy…

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Developing world to face wave of defaults – Bloomberg

Emerging nations, including El Salvador, Ghana, Egypt, Tunisia and Pakistan, will be challenged with a historic cascade of defaults as a quarter-trillion-dollar pile of distressed debts exerts downward pressure on economies, Bloomberg is reporting.

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