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Russia has increased its imports of nitrocellulose, a key ingredient in the production of artillery ammunition, despite international sanctions. U.S., German, and Taiwanese companies have supplied nitrocellulose to Russia, with much of it being shipped through a Turkish company. The surge in imports is believed to be for military purposes, as Russia's economy has been reoriented for wartime production. The exports by Western companies come at a time when there is a global shortage of nitrocellulose, affecting NATO countries' production of artillery for Ukraine. Efforts are being made to restrict Russia's access to nitrocellulose through sanctions and export controls. [Extracted from the article]

How the West - and Israel Itself - Inadvertently Funded Hamas Advertisement When Hamas took over the Gaza Strip 16 years ago, Israel, the U.S. and the international community had few options to support Gazans without also benefiting Hamas. Keywords: leder; gfx-contrib; israel; wsjworld; Asia; Emerging Market Countries; Doha; Developing Economies; Gaza Strip; Persian Gulf Countries EN leder gfx-contrib israel wsjworld Asia Emerging Market Countries Doha Developing Economies Gaza Strip Persian Gulf Countries N.PAG N.PAG 1 10/24/23 20231020 NES 231020 Islamist organization diverted humanitarian assistance and levied taxes after blockade of Gaza was eased After Hamas launched its murderous assault on Israel this month, the U.S. and its allies condemned Iran for funding what they deem a terrorist organization. [Extracted from the article]

Byline: GREGORY MEYER AND IAN TALLEY NEW YORK -- A financial crisis and recession this year have pulled off what U.S. lawmakers couldn't: popping what many believe was a speculative [...]

Byline: IAN TALLEY AND SIOBHAN HUGHES; Stephen Power contributed to this article. WASHINGTON -- The White House is trying to prevent the Environmental Protection Agency from publishing a document that [...]

Byline: IAN TALLEY AND SIOBHAN HUGHES; Dow Jones Newswires WASHINGTON -- Top oil company executives pushed back yesterday against attacks on their industry, calling for the right to drill in [...]

Byline: ANN DAVIS, AMI EFRATI AND GUY CHAZAN; Ian Talley contributed to this article Energy giant BP PLC put a host of legal threats behind it with far-reaching federal settlements [...]

As Iran continues to hold captive British sailors, fears of a disruption of oil supply is causing an increase in crude-oil futures.

Statoil ASA of Norway was fined $21 million by the United States Securities and Exchange Commission. The petroleum interest is convicted of bribery in winning an Iranian development project in 2002.

The United Kingdom may be facing an energy supply shortage as Norway warns of a potential natural gas shortage. The United Kingdom relies heavily on other countries (particularly Norway) for natural gas imports.

Net profit for Statoil of Norway fell 15 percent to 8.52 billion Kroner ($1.25 billion) in the fourth quarter. Losses are due to an increased tax rate and costs even though the gas company had higher gas and oil prices and increased production levels. The gas company did not meet its production projection of 1.175 million barrels.

Scandinavian economies are showing growth, expecting interest rate increases and outpacing the European Union. During the third quarter Sweden's gross domestic product grew 3.4 percent from a year ago, Norway's rose .8 percent and Denmark's grew 4.8 percent. Reasons for the hot economic activity are the growing housing market, low interest rates and reduced taxes.

MENTAL HOSPITALS in Bulgaria are worse than prisons, human rights campaigners said in a report released two days after the country became an EU candidate member. Psychiatric patients were beaten, [...]

Statoil of Norway posted a soaring net profit, up by 44 percent in the second quarter. Net profit was 9.75 billion Norwegian Kronor ($1.57 billion) up from 6.75 billion Kroner last year. Revenues were due to booming oil markets however, the gas industrial forecast a decrease in oil production for 2006.

Trade "leakage" could undermine pressure campaign and potentially prolong war in Ukraine, Western officials say. [Extracted from the article]