Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as US economic data portended strong demand in the world's largest oil cons
Russian oil producer Tatneft has been awarded $112 million in compensation from Ukraine over a refinery ownership dispute by an international arbitration court, piling pressure on cash-strapped Kiev, the company said.
The mid-sized prod
The US demanded Moscow remove an aid convoy it sent into rebel-held eastern Ukraine without permission on Friday, accusing Russia of a flagrant violation of the sovereignty of its former Soviet neighbour and threatening more sanctions.
Dozens of people, including women and children, were killed as they fled fighting in eastern Ukraine on Monday when their convoy of buses was hit by rocket fire, military spokesmen said.
Ukraine accused pro-Russian rebels of targe
Russia will ban all imports of food from the US and all fruit and vegetables from Europe, the state news agency reported on Wednesday, a sweeping response to Western sanctions imposed over its support for rebels in Ukraine.
Gulf Air, the national carrier of Bahrain, is setting up contingency plans to counter the growing threat of war-torn countries along its flight routes, a report said.
Both Gulf Air and the Dubai-based Emirates had flown over easte
Russia fought back on Wednesday over new US and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land mines near the site of a crashed Malaysian ai
Ukraine's foreign minister welcomed US and European sanctions on Russia announced on Tuesday and pledged Kiev would not attack cities now controlled by pro-Russian separatists in its drive to re-establish control over its territory.
A powerful Ukrainian rebel leader has confirmed that pro-Russian separatists had an anti-aircraft missile of the type Washington says was used to shoot down Malaysia Airlines flight MH17 and it could have originated in Russia.
The cockpit voice recorder of the Malaysian airliner downed over Ukraine is in good condition, the U.N. civil aviation body said on Wednesday, adding that it was holding talks with airlines and states on how to assess the danger posed by conflic