Russia suspends operation of major gas pipeline to Europe
The Nord Stream gas pipeline to Europe has stopped operations for scheduled maintenance work
China’s consumer inflation hits two-year high
China’s consumer prices increased 2.5% in June from a year earlier, as the cost of pork and energy are rallying
France issues new gloomy gas supplies prediction
French Finance Minister Bruno Le Maire said Paris is preparing for a total cutoff of Russian gas supplies as the most likely scenario
India eyes bigger stakes in Russian oilfields – media
Indian energy giant ONGC aims to increase its participation in Russia’s far-eastern oil and gas project, according to reports
Developing world to face wave of defaults – Bloomberg
A wave of defaults and debt crises are likely to hit emerging nations, such as Pakistan, Egypt, Tunisia and El Salvador, Bloomberg reports