Oil could hit $120 next year – Fitch Ratings

The spike in energy prices could be a result of the escalating Middle East conflict, according to a new report The conflict in the Middle East threatens to disrupt the oil supply and subsequently hurt global economic growth in 2024, Fitch Ratings has warned.

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France to end free weapons supplies to Ukraine

Kiev will have to purchase arms directly from French manufacturers, according to Sebastien Lecornu France plans to stop sending weapons to Ukraine from its own arsenal and will instead allow Kiev to buy arms directly from the country’s manufacturers through a support fund, French Minister of the Armed Forces Sebastien Lecornu said on Sunday.

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Russian gas giant announces radical new Asia strategy

Moscow has set out its plans for cooperation with key allies in the region for the next 15 years, Gazprom’s CEO has said Russia is seeking long-term cooperation in natural gas supplies with Kazakhstan and Uzbekistan, Gazprom CEO Aleksey Miller has revealed.

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