Market

Moscow shrugs off impact of oil sanctions

Posted On: Feb 1, 2023   |   Posted By: RT

Moscow shrugs off impact of oil sanctions

The West's embargo and price caps won't affect Russian production, the country's energy ministry says
Russian oil output will not fall off a cliff following the imposition of the EU-G7 price cap on the country's crude, First Deputy Energy Minister Pavel Sorokin stated on Thursday.
He said the majority of markets remain open to Russia due to growing demand, while fluctuations in oil production are not critical.
The deputy energy minister explained to reporters that the global oil market is currently experiencing a deficit of supply, particularly in diesel, which will support prices.
Meanwhile, data by rating agency ACRA showed that Russian oil companies have managed to “quite quickly” restore the level of production and supplies despite several rounds of Western sanctions.
The report, cited by business daily RBK, said the total volume of oil production between January and October, including gas condensate, increased by 2.4% compared to the same period last year, reaching 443 million tons. Energy major Rosneft...

Continue reading ...

 








Damar Hamlin launches CPR initiative with challenge to LeBron James, Tom...

Damar Hamlin launches CPR initiative with challenge to LeBron James, Tom Brady and Michelle Obama

Hamlin launched a campaign on Tuesday, in partnership with the American Heart Association, to increase CPR awareness and education. Read more ...

The Fed raises interest rates by only a quarter-point after inflation drops

The Fed raises interest rates by only a quarter-point after inflation drops

The Federal Reserve raised interest rates by a quarter-percentage point as part of its ongoing effort to fight inflation. Price hikes have begun to ease, but the Fed says... Read more ...

“Our Goal Was To Show the Region as We Appalachians See It, As a Place Full...

“Our Goal Was To Show the Region as We Appalachians See It, As a Place Full of Complexity and Grandeur”: DP Curren Sheldon on King Coal

In Sundance NEXT selection King Coal, Elaine McMillion Sheldon employs a hybrid approach, blending contemporary imagery with archival material and poetic voiceover to explore... Read more ...

Cowboys News: Ezekiel Elliott Return in 2023 Eyed by Jerry, Stephen Jones

The Dallas Cowboys front office plans to keep running back Ezekiel Elliott heading into 2023: Elliott is under contract through 2026 as part of his six-year,... Read more ...

Biden, McCarthy to meet, discuss debt ceiling at White House

WASHINGTON - President Joe Biden and House Speaker Kevin McCarthy prepared Wednesday for a face-to-face meeting at the White House, the new Republican leader hoping to... Read more ...

Report: Tua Tagovailoa Clears Concussion Protocol

Report: Tua Tagovailoa Clears Concussion Protocol

He reportedly spoke with several medical professionals about returning to football. Tua Tagovailoa has cleared the concussion protocol, according to NFL Network's Ian Rapoport... Read more ...

Size, Sex and Breed May Predict Dogs' Cancer Diagnosis

A study of more than 3,000 dogs finds that larger breeds, males and purebred animals tend to be diagnosed with cancer at a younger age Read more ...

Tom Brady retires: QB decision came down to Buccaneers or retirement, never...

Tom Brady retires: QB decision came down to Buccaneers or retirement, never considered other teams, per report

Brady ultimately chose retirement Read more ...

HBCU All-Stars National Spotlight Player of the Week: Norfolk State's Joe...

HBCU All-Stars National Spotlight Player of the Week: Norfolk State's Joe Bryant Jr. leads honorees

Bryant leads this week's HBCU All-Stars 'Player of the Week' and 'Team of the Week' winners Read more ...

Latest NC unemployment data is an 'indication of a slowdown' in job market

Latest NC unemployment data is an 'indication of a slowdown' in job market

The latest data on employment is an indication that across North Carolina, there's a slowdown occurring in the labor market. Read more ...