Tag Archives: United States

The Russian newspaper Vedomosti, quoting a source in the oil sector, reported that Russian oil production, including gas condensate, grew by five percent in May, compared to April, to reach 43.1 million tons. This amount is equivalent to 10.19 million barrels per day. In the January-May period, Russia’s oil production …

Russia warned on Thursday that the European Union’s decision to partially and gradually abandon Russian oil would likely destabilize global energy markets, calling it a “self-destructive” move that could backfire on the bloc. European Union leaders agreed in principle on Monday to slash Russian oil imports by 90 percent by …

European Union leaders are set to agree at a summit later on Monday that the package of sanctions being prepared should include a ban on Russian oil imports as punishment for Moscow’s invasion of Ukraine, with the exception of pipeline supplies. But the leaders, who have been unable to agree …

The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia The European Commission imposed new sanctions on the Kremlin on Wednesday, including the gradual cancellation of Russian crude imports for a period of six months to be updated…

An EU source told Reuters that the European Commission will propose on Tuesday, April 5th, that EU countries impose sweeping new sanctions on Russia, including a ban on imports of coal, rubber, chemicals and other products from Russia worth up to nine billion euros annually. The source said the EU …

The United States said it will work with international partners to provide at least an additional 15 billion cubic meters of liquefied natural gas to Europe this year. US President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to reduce …

The European Union has approved important new antitrust rules that could dramatically reshape the business models of tech giants Meta, Apple, Amazon and Google, and the rules are expected to take effect in October. The European Parliament and EU member states have reached a landmark agreement on the Digital Markets …

Financial markets are so edgy about tensions in eastern Europe, for good reason. Geopolitical scares typically produce very short-lived market disruptions, with commodities and risk assets quick to recover. The standoff between Russia and Ukraine could be different. Russia is threatening a massive invasion that could quickly subdue Kyiv, the …

The US Bureau of Labor Statistics will release the January jobs report on Friday, February 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data. Deutsche Bank “We are …

Nonfarm Payrolls (NFP) rose by 210K in November versus the median forecast for a 550K rise, data published by the US Bureau of Labor Statistics showed on Friday. That marked a substantial decline versus the 546K jobs added to the US economy in October.