US Defense Chief Warns About Potential Nuclear Spiral

A vehicle transports a RS-24 Yars strategic nuclear missile along a street during a Victory Day rehearsal in Moscow, Russia, on Wednesday, June 17, 2020. Russian President Vladimir Putin postponed the traditional May 9 parade in April because of the coronavirus.

Zelenskiy Warns on Russia’s Intent to Regroup

(Bloomberg) — Russian troops kept up attacks on Ukrainian infrastructure, with another seven missiles hitting Zaporizhzhia in the southeast Friday night, knocking out heat to thousands. More than 1,000 missiles and drones have hit energy targets since Russia’s invasion in February, the government said. The bulk of the hits have come since early October. Kyiv, … Read more

Russia’s Crude Shipments Hit Five-Month High Before Sanctions

Cargoes shipped from Russia rose to 3.6 million barrels a day, the highest since early June, while the less volatile four-week average was also up, reaching the most since August.The UK has followed the EU’s lead in banning its companies from providing insurance and other service to ships carrying Russian crude, unless the cargo is purchased at a price … Read more

Coal India Profit Soars as Shortages Drive Demand and Prices

Demand for coal, which accounts for nearly 70% of India’s electricity generation, has soared following a post-pandemic revival in industrial activity and on increased use of air conditioning during a sweltering summer that delivered severe heat waves. The war in Ukraine has sent seaborne coal prices through the roof, adding competition for domestic supplies that … Read more

Sunak to Restore UK Ban on Fracking, Rowing Back Truss’s Plan

Rishi Sunak, UK prime minister, departs 10 Downing Street for his first Prime Minister’s Questions (PMQ) in London, UK, on Wednesday, Oct. 26, 2022. Sunak delayed an economic strategy announcement planned for Monday until Nov. 17 as he sought more time to make the “right decisions” on managing the British economy.

West Texas Natural Gas Prices Go Negative for First Time in Two Years

Meanwhile, US benchmark natural gas futures surged Tuesday amid speculation that a recent selloff has run its course. Contracts for the heating and power-generation fuel delivered at the Henry Hub in Louisiana, which is not directly affected by pipeline constraints in Texas, have fallen for nine straight weeks, the longest losing streak in three decades. … Read more