Published 17 March 2022

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Buckie Got It, St. Kitts and Nevis News Source

By Charles Riley, CNN Business

London (CNN Business)Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Saudi Arabia and other major energy exporters start pumping more. The world’s second-largest crude oil exporter could be forced to limit output by 3 million barrels per day in April, the International Energy Agency warned on Wednesday, as major oil companies, trading houses and shipping companies shun its exports and demand in Russia slumps. Russia was pumping about 10 million barrels of crude per day, and exporting about half of that, before it invaded Ukraine. “The implications of a potential loss of Russian oil exports to global markets cannot be understated,” the IEA said in its monthly report. The crisis could bring lasting changes to energy markets, it added.

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Published 1 November 2021

Basseterre 

Buckie Got It, St. Kitts and Nevis News Source

COP26: Get serious about climate change or it will be too late – Johnson

By Francesca Gillett
BBC News

“If we don’t get serious about climate change today, it will be too late for our children to do so tomorrow,” Prime Minister Boris Johnson has told leaders at the start of the COP26 summit.

Mr Johnson said the conference in Glasgow “must mark the beginning of the end” of climate change.

He was speaking to leaders from 120 countries ahead of tense talks.

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