Category: Industry

Qatar says Europe will need help if Russia cuts gas

Published by Al-Araby Qatar’s energy minister told the European Union on Tuesday that his country could not rescue Europe alone if Russia turned off gas supplies amid spiking tensions over Ukraine. But the minister, Saad al-Kaabi, told EU Energy Commissioner Kadri Simson that Qatar was ready to help Europe “in times of need”. The United States has raised the possibility

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Explainer-Weakest link? Why Russian gas puts Europe in a bind over Ukraine

Published by Reuters UK By Edmund Blair LONDON (Reuters) – Escalating tensions between the West and Russia over Ukraine have raised concerns about vital Russian oil and gas flows to Europe, prompting the United States to offer reassurances that it will help its European allies find alternative supplies. But that task may be mission impossible for Washington. Even without a

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Asian shares slide after more losses on Wall Street

Washington, Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street, said an AP report. Tokyo fell 1.4% after Toyota Motor Corp. announced production cuts due to parts shortages. Other major regiona…

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