EMEA Morning Briefing: Stocks Seen Higher But -2-
EMEA Morning Briefing: Stocks Seen Higher But -2- Finance ministers from the Group of Seven wealthy nations are expected to virtually meet on Friday and endorse an outline for capping the price of Russian oil, The Wall Street Journal previously reported. A Russian shipping line with ties to the country's Defense Ministry has been ferrying weapons and supplies through the Bosporus to ports on the Black Sea in support of Moscow's war effort, according to Ukrainian officials who have urged Turkey to block their access. Kyiv has asked Turkish authorities to take action against at least four cargo ships that it says are transporting military equipment from a Russian base in Syria through straits controlled by Turkey, the only way into the Black Sea from the Mediterranean. Exxon Mobil Corp. and Shell PLC are selling their stakes in one of California's largest oil and gas producers to German asset manager IKAV Capital Partners GmbH. Aera Energy LLC, a joint venture of the oil giants, accounts for nearly a quarter of the state's production, according to its website.
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In an interview at the British Embassy in Washington, Chancellor of the Exchequer Nadhim Zahawi said he was confident the price cap plan would succeed. Finance ministers from the Group of Seven wealthy nations are expected to virtually meet on Friday and endorse an outline for capping the price of Russian oil, The Wall Street Journal previously reported.
Ukraine Says Russia Is Using Cargo Ships to Ferry Weapons to the Black Sea
ISTANBUL-A Russian shipping line with ties to the country's Defense Ministry has been ferrying weapons and supplies through the Bosporus to ports on the Black Sea in support of Moscow's war effort, according to Ukrainian officials who have urged Turkey to block their access.
Kyiv has asked Turkish authorities to take action against at least four cargo ships that it says are transporting military equipment from a Russian base in Syria through straits controlled by Turkey, the only way into the Black Sea from the Mediterranean.
Exxon Mobil Corp. and Shell PLC are selling their stakes in one of California's largest oil and gas producers to German asset manager IKAV Capital Partners GmbH.
Aera Energy LLC, a joint venture of the oil giants, accounts for nearly a quarter of the state's production, according to its website.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
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