Supplies of natural gas in the EU’s underground storage facilities continue to shrink as cold weather is forcing more fuel to be used for heating, Interfax reported on Tuesday.   Gas inventories in the EU, one of the key indicators for the global market, fell to 85% full in early January after the bloc reported…

Ecuadorian state-run oil producer Petroecuador has announced that it has stepped up security measures at its facilities amid ongoing unrest in the country.  The move follows a state of “internal armed conflict” declared by Ecuadorian President Daniel Noboa on Tuesday, after gunmen stormed a TV station and attacked police officers around the country. More than…

The burden is unsustainable and could destabilize the financial system, Roscongress has warned US government debt and Washington’s budget deficit present the biggest threats to the global economy this year, Russian government agency Roscongress has warned.