List of All Articles with Tag 'l'

JAKARTA (Reuters) -Indonesia may issue on Tuesday a regulation on the use of social media to sell goods in the

By Tim Reid At least six Republican candidates will take part in the second 2024 Republican presidential debate

By Sinead Cruise and Elizabeth Howcroft LONDON Goldman Sachs and HSBC are among a group of five banks

Russian crude oil supply surged 50 per cent this spring despite sanctions imposed by the G7 countries in the backdrop of continuing war in Ukraine, data from commodities tracker and analytics company Kpler showed. An analysis of shipping and insurance records from August showed almost three-quarters of all seaborne Russian crude flows travelled without any western insurance in August, reported the Financial Times. The move was a lever enacted by the G7 nations, the European Union and Australia which imposed a $60-a-barrel price cap last December as the coalition looked to restrict Russia’s ability to finance its invasion of Ukraine. The significant surge confirms Russia’s ability to dodge the cap imposed by Western nations and continue to sell more of its oil at prices competing with international market rates. Russia’s oil revenues are, however, likely to go up due to constant increases in crude prices and a reduction in the discount on its own oil, estimates by the Kyiv School of Economics showed. Russia cut its seaborne diesel and gasoil exports by nearly 30 per cent to about 1.7 million metric tons in the first 20 days of September from the same time in August. Russia’s temporary ban on exports of gasoline and diesel to most countries, announced last week, was expected to further tighten supplies. In April this year, Russian crude oil exports reached back above to levels seen before Vladimir Putin’s Ukraine invasion, despite the ratcheting up of Western sanctions. India and China accounted for 90 per cent of Russia’s seaborne crude oil exports, according to figures by Kpler. The Asian giants are each buying an average of 1.5 million barrels per day (bpd), absorbing the shortfall in exports to European nations that previously accounted for two-thirds of Russian crude. But in August, India’s import of Russian oil dipped to a seven-month low after steady purchase during the course of the war, amid lower discounts for Moscow’s grades and planned maintenance outages at some plants. Since Russia’s full scale war, India had steadily increased its purchases of discounted Russian oil. Indian imports of Russian oil hit a record high in October, with the country becoming India’s top oil supplier in terms of bpd. Despite Western sanctions designed to stop funds reaching Mr Putin’s war chest following his Ukraine invasion, Russia’s crude oil exports have actually risen from 3.35 million bpd in 2022 to 3.5 million bpd in the first quarter of 2023, Kpler said. After India and China, the two largest buyers of Russian crude are now Turkey and Bulgaria. Read More ‘Panic’ grips Putin’s military and milbloggers over Ukraine’s advances on battlefield Ukraine-Russia war – live: ‘Panic’ among Putin’s troops as they ‘face threat of encirclement’ in Verbove Russia strikes Odesa, damaging port, grain infrastructure and abandoned hotel Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war France's Macron to unveil latest plan for meeting climate-related commitments in the coming years

NFL fans are set to feast again as there is another Monday Night Football doubleheader on tap in Week 3. What four teams will be playing under the Monday night lights?

By Alun John LONDON The pound dipped to its lowest in six months against the dollar and its

Former President Donald Trump is scheduled to have his busiest stretch of campaigning this week since launching his bid for a second White House term last fall. But one stop will notably absent from the GOP front-runner's schedule: the second Republican primary debate.

Hedge fund managers are piling into short positions in ESG stocks as they hunt for bogus green claims

3M said on Monday it was looking at options to further accelerate the stoppage of manufacturing of PFAS

China's unfair trade practices have forced the European Union to become more assertive in its dealings with the world's second largest economy, the bloc's commissioner for trade said Monday during a trip to Beijing.

The European Union is planning to unveil measures to help its ailing wind sector next month, after supply-chain

Google quietly announced that the Basic HTML view in Gmail is being discontinued in January.