U.S. Oil stockpiles increase to 520.2 Million barrels
02 March 2017 | 9:05 am
Oil is mired in its longest losing streak in two months as record-high U.S. crude stockpiles cast doubt on OPEC’s efforts to drain a global surplus.
The average global temperature could exceed 1.5 degrees Celsius above pre-industrial levels by 2026, UN meteorologists say. The threshold is one that international agreements are trying to prevent.
Hungary's government is "holding European Union decision makers hostage" by refusing to join an EU-wide embargo on Russian oil, according to Lithuania's foreign minister. This comes as EU leaders continue their efforts to gather support for a sixth sanctions package on Russia from all 27 EU member states. The government of PM Viktor Orban has claimed that an import ban on Russian oil would ruin the Hungarian economy. Lithuania's Foreign Minister Gabrielius Landsbergis tells FRANCE 24 that "Europe is weaker" as a result, and that he is "still hoping Budapest will be responsible in their decisions".
Top G7 diplomats meeting in Germany have warned the war in Ukraine is stoking a crisis that threatens the world's poorest. They also pledged to continue their military assistance to Ukraine for "as long as necessary."
An annual surf competition was held at the weekend on Liberia's coast, in a fishing town that is gaining worldwide recognition for the quality of its waves.
Russia's president has said banning oil imports from his country would be impossible for some dependent European states, after the EU failed to reach consensus to impose the measure.
Where do you get oil and gas if you want to end dependence on Russia? Germany imported more than 500,000 barrels of crude oil from Russia every day in 2020. In theory, Iran could step in. But it's complicated.
German Economy Minister said the EU was close to finally agreeing on a ban on Russian oil imports as the war in Ukraine enters the fourth month.
Find these stories and much more when you grab a copy of The Guardian on Friday.
In the week that EU leaders agreed on a sixth round of sanctions against Russia, Polish Under-Secretary of State for Foreign Affairs Pawel Jablonski speaks to FRANCE 24 about the effect he hopes the measures will have on the Russian economy, his disappointment at the Hungarian government's stance regarding sanctions and the latest developments in Poland's rule of law dispute with the European Commission.
The world is on the verge of its worst food crisis in history. In this special edition, FRANCE 24's Business Editor Kate Moody asks leaders in Davos what they are proposing to protect the most vulnerable. Our reporters also look at how Finland has become one of the most food-resilient countries in the world. Plus we meet Apeel CEO James Rogers, who's fighting against food waste with an all-natural spray that extends the shelf life of fresh fruit and vegetables.
We take a look at how the war in Ukraine is sending the price of wheat skyrocketing and how mines along the Black Sea could keep grain shipments stuck for six months. We also look at reactions to Matthew McConaughey's speech about gun violence – an emotional appeal using a murdered child's green Converses. We also dive into Disney weddings, from the company's apology over a viral video to choosing Mickey and Minnie over catering.
Russia's war in Ukraine is derailing the global economy's recovery from the pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its forecast for economic growth, warning of high inflation and a possible food crisis. Also in the show: India's central bank raises interest rates for the second time in less than a month, while Turkey's government refuses to do so, despite spiralling inflation.
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