Russia and Iran agree to swap supplies of oil and gas – senior official

The deal is a part of an energy alliance and is expected to be signed by end of this year, Russia’s deputy prime-minister has said Russia’s deputy Prime Minister Aleksandr Novak announced on Thursday that Moscow and Tehran may agree a swap of supplies, of five million tons of oil and ten billion cubic meters…

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Saudi Arabia hikes oil prices for US – Bloomberg

American customers will pay more for deliveries, while prices in Asia remain unchanged State-controlled Saudi Aramco has raised its November official selling price for crude oil shipped to the US by 20 cents, while keeping prices for Asia, its key market, largely unchanged from October, Bloomberg reported on Thursday.

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Inflation pressure turns daily morning habit into expensive luxury — Eurostat

The price of coffee in the EU saw an average year-on-year surge of 16.9% in August, the bloc’s statistics office reported on Thursday, adding that milk and sugar prices also rose.  “Recent price rises might make this morning staple almost a luxury,” Eurostat said, explaining that the price of coffee in August 2021 was on…

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