Long fuel queues persist in Sri Lanka despite scramble to deliver supplies
COLOMBO (Reuters) – Long queues snaked around gas stations in Sri Lanka’s commercial capital and its outskirts on Monday evenContinue Reading
Category: Oil & Gas
Sri Lanka completes payment for Russian coal cargoes, easing power crisis
COLOMBO- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, twoContinue Reading
Saudi Arabia says it deposited $5B in Egypt’s central bank
CAIRO (AP) — Saudi Arabia on Wednesday announced a $5 billion aid package to cash-strapped Egypt, where the economy isContinue Reading
IMF urges Sri Lanka to raise taxes, devalue currency
(AFP)-The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable”, and called for devaluationContinue Reading
Sri Lanka sacks energy minister a day after publicly criticizing the government’s monetary policy as economic crisis deepens
Sri Lanka’s president sacked his energy minister on Thursday as fuel shortages left the near-bankrupt island facing its worst blackoutsContinue Reading
Sri Lanka runs out of fuel as dollar crisis worsens; President says no more power cuts after March 5
(AFP/Reuters)-Sri Lanka’s public transport was crippled Wednesday as buses ran out of diesel, officials said as the country’s foreign exchangeContinue Reading
Shell pulls out of energy investments in Russia over war
LONDON (AP) — Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’sContinue Reading
Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis
COLOMBO (Reuters) – In late November 2019, after winning Sri Lanka’s presidential election and months ahead of a parliamentary ballotContinue Reading
Russian forces invade Ukraine after Putin orders attack
Summary– Putin authorises military operation in east Explosions heard in Kyiv and across Ukraine Kyiv declares state of emergency, callsContinue Reading
Sri Lanka pays $35 million for 40,000 T diesel shipment while imposing rolling power cuts
COLOMBO – Sri Lanka has paid $35.3 million for a 40,000 tonne diesel shipment, an energy ministry official said onContinue Reading
MDW Live! News Network 