Japan has imposed sanctions on companies based in China and several other countries over their alleged support for Russia in the Ukraine conflict. The measures come as part of a broader package of restrictions aimed at entities and individuals in Russia and Belarus that are deemed to be “directly involved” in the situation surrounding Ukraine.
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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…
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The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to increase oil production to offset Russian output losses and ease soaring prices. According to a press release published on its website, the group will hike output by 648,000 barrels per day (bpd), or 0.7% of global demand, over the…
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