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Russia’s Arctic-circle ports ship as much crude as Libya

  Bloomberg High in the Arctic circle, three oil terminals on Russia’s northern coast are already exporting as much crude oil as Libya — and that flow could double in the next five years. It’s a sign the development of remote deposits in the country’s harsh and fragile north will play an increasingly important role as conventional production in the ...

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Britain faces short recession as exit vote hammers spending: EY

  Bloomberg The UK will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club. In a report to be published on Monday, the forecaster will say it’s slashing its 2017 growth estimate to 0.4 percent from 2.6 percent and predicting the Bank of ...

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Brexit’s Davis offers no guarantees to new EU arrivals

  AFP The head of Britain’s new Brexit ministry on Sunday said that EU migrants arriving between now and the country’s official departure from the bloc may not be guaranteed the right to remain. David Davis told the Mail on Sunday that he would negotiate with European leaders to secure “a generous settlement for EU migrants here now and a ...

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