Core inflation has reached its highest rate since March 1992, according to the Office for National Statistics. Inflation in the UK remained stubbornly high in May and exceeded expectations for the fourth month in a row, according to figures released by the Office for National Statistics (ONS) on Wednesday. This comes despite forecasts that consumer…

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ExxonMobil has been having difficulties with export shipments from the Sakhalin 1 project ExxonMobil said on Wednesday that its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin 1 operations due to sanctions. It has become increasingly difficult to ship crude to customers, the company explained.