IBT Staff Reporter

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Global Refiners Falter In Efforts To Keep Up With Demand

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka.
May 31, 2022

Russian Forces Face Stiff Resistance In Ukraine's Donbas

A Moscow backed separatist leader was reported by state-run TASS news agency on Tuesday as saying that Russian forces had not advanced as rapidly as they had hoped in the battle for Sievierodonetsk, the easternmost city still in Ukraine's hands.
May 31, 2022

Russians Advance Toward Centre Of Key Town In Ukraine's Donbas

Russian troops were slowly advancing towards the city centre in Sievierodonetsk, a regional governor said on Tuesday, giving an update from a pocket of Ukrainian resistance that has held back the broader Russian offensive in the eastern Donbas region.
May 31, 2022

Relief And Disbelief As Shanghai To Start Lifting COVID Lockdown

Shanghai authorities on Tuesday began dismantling fences around housing compounds and ripping police tape off public squares and buildings, to the relief of the city's 25 million residents, before a painful two-month lockdown is lifted at midnight.
May 30, 2022

Oil Surge Fans Inflation Fears, Dampens Stocks

European shares fell on Tuesday and Wall Street was tipped to start weaker as surging oil prices fanned fears of further acceleration in global inflation that would keep the U.S.
May 30, 2022

Euro's Losses Deepen After Inflation Data

The euro's losses deepened on Tuesday after data showing euro zone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year.
May 30, 2022

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