News · novinite.com

EU Blames Russia for Drone Attacks on Ships in Bulgaria Black Sea Waters - Novinite . com

The European Council formally blamed Russia for drone attacks on commercial vessels in the exclusive economic zones of Bulgaria and Romania in the Black Sea, calling them a serious breach of international law and the UN Convention on the Law of the Sea. Its summit conclusions also condemn Russian attacks on Ukraine's agricultural infrastructure, ports, export facilities and vessels, accuse Moscow of using food as a weapon, and call for safe passage to be restored immediately in the Black Sea. European Commission President Ursula von der Leyen said imported fossil fuel costs have risen by 106 billion euros since the Middle East war began, with gas prices up about 140% since the end of February and diesel prices doubled. Ukrainian President Volodymyr Zelenskyy said Kyiv needs an additional 70 billion euros on top of the agreed 90-billion-euro loan.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on novinite.com ↗

Keywords

geopoliticsRussiaoil pricesnatural gas

Open a keyword to see other news on the same topic.

Related news

  • EU Blames Russia for Drone Attacks on Ships in Bulgaria Black Sea Waters - Novinite . com

    The European Council, at its two-day Brussels summit, formally blamed Russia for drone attacks on commercial vessels in the Black Sea exclusive economic zones of Bulgaria and Romania, calling them a serious breach of international law, including UNCLOS. The conclusions also condemn Russian attacks on Ukraine's agricultural infrastructure and ports and call for safe passage to be restored immediately. European Council President António Costa accused Moscow of expanding hybrid operations across Europe, saying “these actions will not go unanswered.” Ukrainian President Volodymyr Zelenskyy said Kyiv needs an extra 70 billion euros on top of the 90-billion-euro loan already agreed. European Commission President Ursula von der Leyen said imported fossil fuel costs had risen by 106 billion euros, with gas prices up about 140% since late February and diesel prices doubled.

    novinite.com·Russiageopoliticsnatural gas
  • Russia says it will supply 39 billion cubic meters to neighbour Vietnam

    Russian Deputy Prime Minister Alexander Novak said Russia expects to deliver 39 billion cubic meters of gas to China via the Power of Siberia pipeline this year, more than the main contract, and the two sides agreed to raise supply to 44 billion cubic meters. He said the first Russian oil tanker bound for world markets, linked to a diesel-related deal with the US, had left the Arctic port of Dikson, and that Moscow faces no problems selling oil. Novak said the market is short 4-6 million barrels per day, keeping prices high and potentially pushing them higher if the Strait of Hormuz situation does not improve. He added that if Persian Gulf supply resumes, the market could rebalance within one to one-and-a-half years, while strategic oil reserves are nearly exhausted.

    CafeF·natural gasoil pricesRussia
  • US 'opens the floodgates' for Russian oil: NATO country immediately says it will buy more from Moscow

    Turkish Energy Minister Alparslan Bayraktar said Turkey will buy part of the diesel Russia exports under a deal between Moscow and U.S. President Donald Trump, but gave no volume, delivery timing or commercial terms. The deal has drawn opposition from Ukrainian President Volodymyr Zelensky, some European officials and Republican lawmakers, who fear it will help Russia recover energy revenue while the Russia-Ukraine conflict continues. Turkey relies heavily on energy imports and aims to boost output at the Black Sea Sakarya field, where the first floating production unit, Osman Gazi, was brought to the Black Sea on 17 October and is expected to raise output from about 9.5 million m³ to 20 million m³ per day. A second, larger unit is planned for Q1 2028, adding about 25 million m³ per day and lifting Sakarya output to 45 million m³ per day, or about 16.4 billion m³ a year, enough to meet the needs of about 3/4 of households. Turkey consumed about 59 billion m³ of gas last year but produced only 3.1 billion m³ domestically, roughly 5% of demand.

    CafeF·oil pricesRussiaDonald Trump
  • Ukrainian drone attack sparks fire at oil port in St. Petersburg, Russia

    St. Petersburg Governor Aleksandr Beglov said rescue crews were fighting fires at Petersburg Oil Terminal, the largest oil-products facility in the Baltic region with a capacity of 125 million tonnes a year, and in four other districts; no casualties were reported. The Leningrad region's governor said air defenses shot down at least 144 drones overnight, delaying flights at Pulkovo airport. Debris fell on residential areas in Vsevolzhsk, sending four people to hospital with smoke inhalation, and about 20,000 people remained without power after two substations went down. The VK social network said a data center in the Leningrad region was targeted, while an Ozon warehouse was also hit, with no staff injured. Ukraine has kept striking Russian oil infrastructure despite requests from U.S. President Donald Trump to limit attacks, while Washington eased some restrictions on Russian diesel exports ahead of the November 3 midterm elections.

    CafeF·▲ XAU/USDoil pricesgeopoliticsRussia
  • Russian Deputy PM Surprised by Europe's Plan

    Russian Deputy Prime Minister Alexander Novak said Europe has no way to offset a gas shortfall, citing the closure of the Strait of Hormuz and a Qatari plant halted after March attacks. He argued that European politicians would harm themselves by banning supplies, including from Russia, as higher fuel prices would fall on European consumers. Gas storage levels are said to be more than 10% below the average of previous years. According to ACER, Russia still supplied 12% of the EU's LNG as of May 2026. A report from Urgewald, cited by The Times, found that 12.18 million tonnes of Russian LNG worth 7.88 billion euros reached EU ports from January to September, up 9.5% year on year, while the European Commission maintains that the deadlines will be met.

    CafeF·natural gasRussiaEurope
  • Russia issues stark warning: 'Europe has no other choice'

    Russian Deputy Prime Minister Alexander Novak warned that Europe will struggle to fully make up for lost gas supply if it keeps cutting Russian volumes, amid instability in the Strait of Hormuz and disrupted production at a Qatari LNG facility that halted after attacks in March. He said the EU's LNG import ban, effective January 1, 2027, makes little sense while supply is tight, and that European consumers would bear the consequences. Novak estimated European gas reserves are about 10% below the average of previous years, and Reuters forecasts storage will reach only about 75–78% of capacity by November, well below the five-year average. Still, Russia supplied about 12 million tonnes of LNG to Europe in the first nine months of 2026, higher than a year earlier, as European buyers rush to purchase and stockpile before the ban. The EU has adopted a roadmap to end Russian gas imports, banning long-term LNG contracts from January 1, 2027 and phasing out pipeline gas during 2027.

    CafeF·natural gasRussiaEurope

Related markets

Currencies →Gold →

Latest news

  • Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom

    Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.

    CNBC·▲ XAU/USDSaudi ArabiaHouthigeopolitics
  • Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention

    On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².

    CafeF·▲ XAU/USDUkraineRussiageopolitics
  • Semiconductor Sell-Off: 5 Stocks to Buy on the Dip

    The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).

    Yahoo Finance·▼ NVDAsemiconductorsAI investmentNVDA
  • Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line

    Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.

    Decrypt·▲ ETH/USDTcryptoETHUSDTBitmine
  • Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%

    The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.

    Yahoo Finance·• NVDATSMCsemiconductorsearnings
  • Why Meta's Q3 earnings could be a little hard to interpret

    Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.

    Yahoo Finance·• METAearningsMETAartificial intelligence

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.