Russian Crude Is Slowly Being Squeezed Out of Europe

(Bloomberg) — Russia’s seaborne crude exports to Europe are being compressed, with the bloc’s sanctions only about two months away. Shipments in recent weeks have been little more than half pre-invasion levels and will come under increasing pressure as the import ban nears. Most Read from Bloomberg Customers in northern Europe in particular have slashed … Read more

Boris Johnson’s by-election losses will seep like poison slowly into the Tory bloodstream

Boris Johnson’s double by-election loss may well not trigger an immediate political reaction. Too many Tory MPs had steeled themselves for disappointment this morning to all for immediate panic and there is no obvious mechanism those who want the PM gone can reach for. That does not mean it is without big consequence, however. And … Read more