DIRS.INFO The most relevant business & tech news

☆ Top U.S., Chinese and Russian officials tour Africa as global charm offensive gathers pace
▼ + stars: | 2023-01-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +12 min

Janet Yellen, US Treasury secretary, during a news conference with Enoch Godongwana, South Africa's finance minister, at the National Treasury in Pretoria, South Africa, on Thursday, Jan. 26, 2023. Yellen met with South African officials including President Cyril Ramaphosa last week, just days after the country's Foreign Minister Naledi Pandor stood alongside Lavrov and vowed to strengthen bilateral relations between Pretoria and Moscow. South Africa was one of 17 African nations to abstain from the U.N. vote in March to condemn Russia's war of aggression. As such, many African nations desire a strong relationship with both the U.S. and China, and U.S. diplomacy will be more effective when not framed as an "us-or-them" proposition. What's more, the BRI projects were "largely uncoordinated and unplanned," he said, with competing Chinese lenders offering credit to African nations, challenging the notion of a coherent centralized "debt trap" policy from Beijing.

☆ Volunteers who used digital ads to counter Russian propaganda about Ukraine plan to fight misinformation in countries like Syria and Iran
▼ + stars: | 2023-01-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

A group of volunteer 'spammers' who used ads to counter Russian propaganda about Ukraine plans to expand the campaign. Rob Blackie, organizer of the Breaking Putin's Censorship campaign. Earlier this month, the Kremlin said that anyone found simply posting a link to the banned independent Russian news site Meduza could face a six-year prison sentence. An example of one of the Breaking Putin's Censorship ads, which reads, "Why have 141 countries condemned Russians invasion of Ukraine? Breaking Putin's CensorshipThe group, which has now grown to around 60 volunteers, is already structured similarly to an ad agency.

☆ China boosts coal output, eases Australia ban to bolster energy security
▼ + stars: | 2023-01-09 | by ( Muyu Xu | ) www.reuters.com time to read: +4 min

SINGAPORE, Jan 9 (Reuters) - The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output. "Many miners would welcome the opportunity to renew their commercial relationships in China for both metallurgical coal and thermal coal." read moreAmong them, China Energy Investment Corp has placed an order to import Australian coal which could load later this month. read moreMarket participants expect more firms to be granted permission to buy Australian coal in the coming months. HIGHER QUALITYChina purchased more than 30 million tonnes of coking coal and nearly 50 million tonnes of thermal coal from Australia before buying stopped.

☆ Turkey is stopping oil not under Russian sanctions, raising global energy market supply concerns
▼ + stars: | 2022-12-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Cargo ships and vessels transit the Bosphorus Strait, a body of water connecting the Black Sea to the Marmara and Mediterranean Seas through Istanbul, Turkey. Above, the Russia-flagged vessel Volga River Taganrog oil tanker passes south through the Bosphorus Straits in October 2022. "It appears that all but one of the roughly twenty loaded crude tankers waiting to cross the straits are carrying Kazakh-origin oil," a price cap official told CNBC. If delays mount, refiners will seek alternative supplies from other countries or they will reduce operating capacity because they don't have enough oil, which impacts the supply of gasoline and diesel, said Andrew Lipow, president of Lipow Oil Associates. "If this continues for another week we will begin to see an impact on the oil market," Lipow said.

Brent crude futures gained 38 cents to $83.06 a barrel by 0458 GMT. Crude futures on Monday recorded their biggest daily drop in two weeks, after U.S. service sector data raised worries that the Federal Reserve could continue its aggressive policy tightening path. In China, more cities are easing COVID-19-related curbs, prompting optimism for increased demand in the world's top oil importer. The country is set to announce a further relaxation of some of the world's toughest COVID curbs as early as Wednesday, sources said. But the oil price gains could prove fragile, as it would take time to confirm a sustained recovery in Chinese consumption, as well as the supply impact of Russian sanctions.

☆ Europe faces massive energy gap in 2023 amid Russian sanctions
▼ + stars: | 2022-12-06 | by ( Brian Sullivan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope faces massive energy gap in 2023 amid Russian sanctionsCNBC's Brian Sullivan joins 'Worldwide Exchange' from Rotterdam to break down how Europe plans to fill a massive energy gap resulting from the region's sanctions against Russia.

☆ Oil market reaches critical phase with OPEC+ meeting and Russian sanctions in focus
▼ + stars: | 2022-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil market reaches critical phase with OPEC+ meeting and Russian sanctions in focusCNBC's Brian Sullivan joins 'Squawk Box' to break down the major forthcoming developments in the oil market as the European Union debates a price cap on Russian oil and more.

☆ Airbus 2022 target under review after estimated 563 deliveries in Jan-Nov - sources
▼ + stars: | 2022-12-02 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, Dec 2 (Reuters) - Airbus (AIR.PA) delivered an estimated 66 jets in November, leaving itself a near-record challenge of 137 in December to meet its 2022 goal, though it has not excluded the possibility of trimming the target, industry sources said. A late surge pushed November higher than initially expected but failed to lift doubts over the 2022 target of “around 700” with weeks to go before the end of the year, the sources said. One industry source said the company had all but given up hope of reaching its key revenue-driving target. Missing parts forced Airbus to cut the target for deliveries to 700 from 720 in July. Reuters reported on Monday that preliminary external November data and industry sources pointed to increasing challenges in reaching the revised target.

☆ Oil prices lower as outlook grows bearish. Traders fear weak China demand more than impact of Russian sanctions
▼ + stars: | 2022-11-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Oil prices were volatile Monday as traders considered the possibility of weakening Chinese demand and a growing view that world could have sufficient supplies even with a European ban on Russian oil. The firm cited China's Covid restrictions and a lack of clarity on G-7 price caps on Russian crude for the new outlook. The European Union's ban on seaborne Russian oil starts Dec. 5. "Every fundamental signal in the crude market right now is bearish," she said. At least for now, the market expects there will be sufficient supplies even with Russian sanctions, Babin said.

☆ Suncor quarterly profit more than doubles, beats estimates on crude rally
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - Suncor Energy Inc (SU.TO) said on Wednesday its third-quarter adjusted profit more than doubled and beat analysts' expectations, as the Canadian energy major was supported by higher oil and refined product prices. Excluding items, Suncor's adjusted earnings more than doubled to C$2.57 billion ($1.87 billion), or C$1.88 per share, beating analysts' consensus of C$1.83 per share, as per Refinitiv data. Total upstream production for the reported quarter was 724,100 barrels of oil equivalent per day (boepd), compared with last year's 698,600 boepd. Its refinery crude throughput rose 1.4% to 466,600 barrels a day with a refinery utilization of 100%. ($1 = 1.3716 Canadian dollars)Reporting by Ruhi Soni in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

LONDON, Nov 1 (Reuters) - New G7 and European Union sanctions on Russian oil exports will have a muted impact on flows and global prices according to analysts polled by Reuters, as Russia is set to largely succeed in rerouting its trade eastward. Analysts at the Bank of Nova Scotia, however, saw oil export and production levels remaining relatively flat despite the sanctions. Up to 80-90% of Russian oil could still flow if Moscow seeks to flout the G7 price cap, a U.S. treasury official told Reuters last month, leaving 1-2 million bpd shut in. "The implementation of Russian sanctions ... will remove 1.5 million bpd of supply from the market. "While we believe (the price cap) would be very difficult to implement, it would directionally raise the likelihood of more Russian oil staying on the market at any price."

☆ Vitol CEO says he doesn't think there will be any more substantive Russian sanctions
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVitol CEO says he doesn't think there will be any more substantive Russian sanctionsRussell Hardy, Vitol CEO, discusses the outlook for sanctions amid Russia's ongoing war in Ukraine.

☆ Oil volatility could get more intense as Europe's December deadline approaches
▼ + stars: | 2022-10-26 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

Singh notes there could be a significant drop in Russian oil in coming months as European restrictions on imports of oil and refined products, like diesel, take hold. Barclays expects about 1 million barrels of Russian oil to come off the market, but Singh said his estimate is low compared with others. He noted that China and India have increased their purchases of Russian oil, but so have other countries, like Turkey. We also believed the government in the U.S. was going to put a floor under oil prices by refilling the SPR," said Blanch. There's going to be a very large spread between European energy prices and U.S. energy prices."

☆ Europe's space agency is turning to Elon Musk's SpaceX after anti-Russian sanctions left it scrambling for rockets
▼ + stars: | 2022-10-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

SpaceX's Falcon 9 rockets will be used in two launches by the European Space Agency. The agency's boss has previously warned that the rest of the world's space tech is falling behind SpaceX. "In response to EU sanctions against our enterprises, Roscosmos is suspending cooperation with European partners in organizing space launches," it announced at the time. The ESA's choice of SpaceX rockets comes soon after a payment dispute over Musk's Starlink service in Ukraine, which has provided key internet access during the war while normal infrastructure has been offline. SpaceX did not immediately respond to a request for comment from Insider on the ESA's use of Falcon 9 rockets.

☆ Italy’s right-wing winners inherit poison chalice
▼ + stars: | 2022-09-26 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

Soaring energy prices are destabilising large sections of Italy’s economy, possibly leading to rationing and a recession. League leader Salvini, a former eurosceptic who has backed Russian President Vladimir Putin, favours borrowing 30 billion euros to subsidise energy bills. Follow @LJucca on TwitterCONTEXT NEWSGiorgia Meloni’s far-right Brothers of Italy emerged as the largest party in Italy’s parliament in the general election on Sept. 25. With counting nearly complete on Sept. 26, Meloni’s party had attracted nearly 26% of preferences, according to Interior Ministry data. The coalition is expected to form a government by the end of October with 45-year-old Meloni as prime minister, the first female premier in Italy’s history.

Search resuls for: "Russian Sanctions"

15 mentions found