Via The Cradle, US weapons maker RTX, formerly known as Raytheon Technologies, scrubbed a multibillion deal with Saudi firm Scopa Defense earlier this year over “concerns” that the latter was pursuing business with sanctioned Russian […]
European nations continue to find ways to get around their own sanctions on Russian energy imposed in the wake of Moscow’s renewed invasion of Ukraine, with Germany now admitting their imports from intermediary India are […]
World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks. In 2024, naphtha and LPG/ethane, especially in China, will […]
Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said they would extend their oil […]
The Ukrainian military said it has recaptured several strategic gas and oil drilling platforms from Russia in the Black Sea close to Crimea, which Moscow’s forces had occupied since 2015. The recapture of the so-called […]
The Kremlin has confirmed that North Korean leader Kim Jong Un will pay an official visit to Russia at the invitation of President Vladimir Putin in a Monday statement. While prior reports speculated that such […]
Russia expects to sell gas to China at almost half the price compared to European buyers, Bloomberg reported. Gas for China will average $271.6 per 1,000 cubic meters in 2024, versus $481.7 for buyers in […]
If you want to hear a different perspective on the war in Ukraine, talk to Samuel Charap. A fine-featured Russia analyst with, at forty-three, a head of gray hair, Charap works at the rand Corporation, a think […]
Russia’s budget moved back into the black last month, as the government dials back spending and a surge in non-oil income makes up for a drop in energy revenues. The surplus in August reached almost […]
By Peter Tchir of Academy Securities Maybe it is the new math, but is it really the G20 when neither China nor Russia show up? I’m not sure anyone really expected Russia to show up. […]
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