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Grid news — October 26, 2026

Publications tagged with Grid published on October 26, 2026 (UTC). This is a fixed calendar-day archive.

2 publications

  1. WorldNorth AmericaGrid

    Latvian Bus Ban to Russia and Belarus to Cost €6 Million Annually

    A planned ban on international bus transport between Latvia, Russia, and Belarus is set to cost Latvian transport companies, particularly Ecolines, around €6 million annually. The majority of these losses, approximately €4 million, would stem from the cancellation of routes between Riga and Moscow, as well as Riga and St. Petersburg. The Ministry of Transport acknowledges potential state compensation for these losses.
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  2. WorldEuropeTradeGrid

    Oil Price Surge Amid Middle East Conflicts and Supply Disruptions

    The price of oil has risen sharply, exceeding $117 per barrel, due to attacks on energy infrastructure, disruptions in supply, and significantly higher transportation costs. Experts warn that rebuilding damaged facilities will take years. The increase in oil prices is attributed to reduced supply, higher transportation and insurance costs, and the need to rebuild damaged energy facilities. Transportation costs for oil have increased up to ten times, with some countries transferring oil to smaller tankers to reduce costs. The rise in oil prices is also affecting petrol prices, with Nigerians facing potential increases as crude oil hits $115 per barrel. The situation is further complicated by geopolitical tensions in the Middle East, with Iran and the Houthis threatening attacks, and Saudi Arabia and the UAE preparing for potential retaliation.
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