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☆ Suez Canal ship traffic unaffected after tanker collision
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view of the BW Lesmes tanker at Freeport, Texas, U.S., August 3, 2023, in this picture obtained by Reuters. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided in the canal, ship tracking company MarineTraffic said early on Wednesday citing eyewitnesses. As of 5 a.m. (0200 GMT), the BW Lesmes was facing north but being towed to the south by two tugboats, according to ship tracking data on Refinitiv Eikon. A person who answered the phone at the Suez Canal Authority's operations room when contacted by Reuters said he could not provide any information on the tankers. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia.

Persons: Glenn Travis, MarineTraffic, Osama Rabie, Yusri Mohamed, Muhammad Al Gebaly, Nafisa, Enas Alashray, Florence Tan, Cynthia Osterman Organizations: BW, Reuters, REUTERS Acquire, Rights, Shipping, BW Group, TMS, Thomson Locations: Freeport , Texas, U.S, Rights CAIRO, Singapore, Cayman, Suez, Europe, Asia

The Liberian MSC UNITED VIII container ship transits in the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama March 10, 2023. The Panama Canal Authority last week opened two additional slots per day for vessels without booking to transit to help clear bottlenecks on both sides of the interoceanic corridor. As of Tuesday, 125 booked and non-booked vessels were waiting to pass, down from more than 160 ships two weeks ago, according to official numbers. However, the average wait time for vessels to pass has risen to between 10 and 11 days this month, from 6-7 days last month. The waiting surpasses 17 days for cargo vessels and liquefied petroleum gas carriers, and is almost 13 days for tankers.

Persons: Aris Martinez, Gustavo Petro, Andres Manuel Lopez Obrador, Abe Eshkenazi, Elida Moreno, Marianna Parraga, Marguerita Choy Organizations: Liberian MSC UNITED, REUTERS, PANAMA CITY, Panama Canal Authority, Reuters, Tuesday, Panama, U.S, U.S ., Association for Supply Chain Management, Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, South America, Europe, China, U.S . West Coast, Chicago, Houston

☆ Two tankers collide briefly in Suez Canal
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Aug 23 (Reuters) - Two tankers, the Singapore-flagged BW Lesmes and Cayman Islands-flagged Burri, briefly collided in Egypt's Suez Canal, ship tracking company Marine Traffic said early Wednesday, citing eyewitnesses. The shipping tracker showed the BW Lesmes, which carries LNG, stopped and pointing north, and Burri, an oil products tanker, moored and pointing south about 19 km from the southern end of the canal at 2:55 a.m.(2355 GMT). A time lapse shared by Marine Traffic showed Burri turning sideways and colliding with an already sideways BW Lesmes at 2040 GMT before backing up and pointing straight. There was no immediate confirmation from the Suez Canal Authority. Approximately 12% of the world's trade moves through the canal.

Persons: Said, Muhammad Al Gebaly, Nafisa Eltahir, Yusri Mohamed, Enas Alashray, Jacqueline Wong, Cynthia Osterman Organizations: Traffic, Marine, Authority, Thomson Locations: CAIRO, Singapore, Cayman Islands, Suez

☆ Iraq oil minister in Turkey to discuss resuming northern oil exports -sources
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

BAGHDAD, Aug 21 (Reuters) - Iraq's oil minister Hayan Abdel-Ghani arrived in the Turkish capital Ankara to discuss several issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister's office told Reuters on Monday. Iraqi oil minister will meet his Turkish counterpart to discuss energy issues, on top of which is the resumption of Iraq's northern oil exports via Turkey's Ceyhan port, said an oil official. Turkey halted Iraq's 450,000 barrels per day (bpd) of exports through the northern Iraq-Turkey pipeline on March 25 after an arbitration ruling by the International Chamber of Commerce (ICC). Turkey wants to negotiate regarding the size of damages it was ordered to pay in the arbitration ruling and also seeks clarification on other open arbitration cases. "Iraq's oil minister is in Turkey to discuss obstacles delaying the resumption of oil exports and how to resolve lingering issues," said an oil ministry official who is close to the Iraqi northern oil exports operations.

Persons: Hayan Abdel, Ghani, Ahmed Rasheed, Ahmed Elimam, Susan Fenton, David Gregorio Our Organizations: Reuters, International Chamber of Commerce, Chamber of Commerce, ICC, Kurdistan Regional Government, Thomson Locations: BAGHDAD, Turkish, Ankara, Turkey, Iraq, Paris, Iraqi Kurdistan, Baghdad, Ceyhan, Kurdistan

☆ Russian oil still relies heavily on Western-backed ships despite breaching the price cap
▼ + stars: | 2023-08-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

But there's been little decline in the amount of Western-backed vessels servicing Russia, Bloomberg reports. In recent days, the Urals crude oil price has eased from a $73-per-barrel peak, but still remains significantly above the West's threshold. Under the restriction, the Kremlin should not be able to rely on G7, EU, or US services when the price cap is surpassed. Part of the issue stems from how the price cap is designed to work in practice, Bloomberg said. The country may have also profited in other ways through the price cap.

Persons: there's, That's Organizations: Bloomberg, Service, Financial Times Locations: Russia, Wall, Silicon, that's

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ The US Air Force is tinkering with an unusual design for its biggest planes as it prepares for a potential long-range war with China
▼ + stars: | 2023-08-20 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US Air Force sees all those qualities as vital for success in a war in the Pacific region. US Air Force/Air Force AssociationThe design blends the wings and the fuselage, "decreasing aerodynamic drag by at least 30% and providing additional lift," the Air Force said in a release. A US Air Force flight engineer guides an R-11 Refueler next to a C-5M cargo plane at Dover Air Force Base in Delaware in March. A C-130 Hercules lands at Northwest Field, next to Andersen Air Force Base on Guam in February 2010. JetZero has already unveiled a Blended Wing design that the company says will provide a midmarket commercial airliner that's more efficient than the planes it seeks to replace.

Persons: Frank Kendall, Kendall, Air and Space Forces Association . Chaudhary, O'Leary, Tom O'Leary, JetZero, Marco Gomez, Ravi Chaudhary, we've, Tom Jones, Albert Miller, Andrew G, Miller, Jones, Chaudhary, Kathleen Hicks Organizations: Pentagon, US Air Force, Service, Air Force, Air and Space Forces Association ., Air Force Association, The Air Force, Dover Air Force Base, Staff, Northrop Grumman, China's, Air Mobility Command, Northwest Field, Andersen Air Force Base, Refueling, KC, Air Force's, Department Locations: Pacific, Wall, Silicon, China, Delaware, Guam

☆ Sri Lanka lifts import ban on trucks, heavy vehicles
▼ + stars: | 2023-08-15 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

REUTERS/Dinuka Liyanawatte/File PhotoCOLOMBO, Aug 15 (Reuters) - Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time since March 2020, according to a gazette notification. Sri Lanka has been gradually easing import restrictions, which were imposed as the country's economy tottered from a financial crisis caused by a severe shortage of dollars. Heavy vehicles including buses, trucks and tankers can now be imported, according to a government notification issued by President Ranil Wickremesinghe, who is also the finance minister. However, import bans on passenger vehicles including cars will remain in place. Sri Lanka's economy is expected to shrink about 2% this year, according to central bank estimates, after a 7.8% contraction last year.

Persons: Dinuka, Ranil Wickremesinghe, Uditha Jayashinghe, Jacqueline Wong, Ed Osmond Organizations: REUTERS, International Monetary Fund, IMF, Thomson Locations: Colombo, Sri Lanka, Sri

☆ A fierce naval battle 35 years ago shows how destructive another US showdown with Iran could get
▼ + stars: | 2023-08-14 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

More than 50 IRGCN and Iranian Navy personnel were killed, while the US lost one SeaCobra helicopter and its two crew members. After all, Iran has made significant changes to its naval forces and tactics over the past 35 years, becoming "much more asymmetric," according to Bryan Clark, a senior fellow at the Hudson Institute and expert on naval operations. Iran's naval force now consists of the Islamic Revolutionary Guard Corps Navy, known as the IRGCN, and the regular Iranian Navy, Clark told Insider. The Iranian Navy still primarily consists of frigates and corvettes, which operate outside the Gulf, and is much more like other conventional navies. Iranian Navy warship Sahand in Persian Gulf near the Strait of Hormuz in April 2019.

Persons: Biden, Earnest Will, Chance, Samuel B, Roberts, Bryan Clark, Clark, Nadimi, Abu Musa Island, IRGC, Morteza, Kyle Jia Iran's, weren't, Paul Iddon Organizations: Service, US Navy, US, Iranian Revolutionary Guards, Islamic Revolutionary Guard Corps Navy, US Naval Forces Central Command, Fleet, SS, Iranian Navy, Hudson Institute, Washington Institute for Near East, Iran's Navy, REUTERS, Getty, US Marines, US Marine Corps Locations: Persian, Iran, Wall, Silicon, China, Marshall, Iranian, Gulf, Strait, Hormuz, Tehran, Iraq, SS Bridgeton, Abu Musa, Handout, Persian Gulf, Soviet Union, Lebanon, Bataan

☆ U.S.-led naval group warns ships to avoid Iranian waters to avoid seizure
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: +1 min

Attendees hold flags from Iran and the United States as Iranian Americans from across California converge in Los Angeles, California, U.S., January 11, 2020. REUTERS/ Patrick T. Fallon/ File PhotoDUBAI, Aug 13 (Reuters) - A U.S.-led naval coalition in the Gulf has warned ships in the region to stay away from Iranian waters to avoid possible seizure, the U.S. Navy said. "The International Maritime Security Construct is notifying regional mariners of appropriate precautions to minimise the risk of seizure based on current regional tensions, which we seek to de-escalate," Commander Timothy Hawkins, spokesman for the Bahrain-based U.S. Fifth Fleet, said late on Saturday. "Vessels are being advised to transit as far away from Iranian territorial waters as possible." The United States would release some Iranians from U.S. prisons as part of the deal, Iran's mission to the United Nations has said.

Persons: Patrick T, Timothy Hawkins, Yousef Saba, William Mallard Organizations: REUTERS, U.S . Navy, Fifth Fleet, United Nations, Thomson Locations: Iran, United States, California, Los Angeles , California, U.S, DUBAI, Hormuz, Washington, Tehran, South Korea, Bahrain, Oman, United

☆ Commercial ships told to stay far away from Iran due to a heightened possibility of attack or seizure
▼ + stars: | 2023-08-12 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

The US Navy is warning commercial ships to avoid traveling near Iranian territory. Iranian forces have already seized two oil tankers this year. Attacks on ships in the region have increased ever since Trump pulled out of the Iran nuclear deal. Timothy Hawkins said ships "are being advised to transit as far away from Iranian territorial waters as possible," noting a warning issued by the US-based International Maritime Security Construct. Since 2021, Iran has "harassed, attacked, or interfered with" the navigation rights of 15 internationally flagged merchant ships, according to the US Navy.

Persons: Timothy Hawkins, Biden, Trump, —, Michelle Grisé, Grisé Organizations: US Navy, Trump, Service, Associated Press, US, AP, International Atomic Energy Agency, RAND Corporation Locations: Iran, Wall, Silicon, Hormuz, Gulf of Oman, Chevron, Islamic Republic, Europe, Iranian, United States, Washington, Tehran

EL CAJON, California, Aug 11 (Reuters) - California firefighters are using artificial intelligence to help spot wildfires, feeding video from more than 1,000 cameras strategically placed across the state into a machine that alerts first responders when to mobilize. But AI alerted a fire captain who called in about 60 firefighters including seven engines, two bulldozers, two water tankers and two hand crews. Part of Leininger's job is to help the machine learn. With hundreds of specialists repeating the exercise up and down the state, the AI has already become more accurate in just a few weeks, Driscoll said. "We need to use technology to help move the needle, even if it's a little bit."

Persons: Neal Driscoll, ALERTCalifornia, Shane Montgomery, Mike Blake, Suzann Leininger, Driscoll, Daniel Trotta, Donna Bryson, Diane Craft Organizations: Cleveland National Forest, Cal Fire, University of California, UCSD, Cal, Bronco, Cal Fire Air Attack, REUTERS, Thomson Locations: CAJON , California, California, Cleveland, San Diego, University of California San Diego, Chico , California, Hawaii, Canada, Ramona, San Diego County , California, U.S, El Cajon

Cuban tanker Petion is seen at a shipyard in Veracruz, Mexico April 9, 2021. Mexico has emerged as a top provider, sending oil on a vessel owned by state oil company Petroleos Mexicanos (Pemex) and ships managed by Cuba. The ship previously ferried Venezuelan crude and fuel oil to Cuba, according to Refinitiv Eikon data. Cuba-flagged tanker Delsa also delivered Mexican crude from Pajaritos to Cienfuegos in June, and then sailed to Venezuela, where it loaded oil, the data showed. HELP NEEDEDRussia supplied Cuba with some 12,000 bpd of oil, mostly crude, between February and July, according to the Eikon data.

Persons: Yahir, Vilma, Pemex, Delsa, Esperanza, Washington, Marianna Parraga, David Sherwood, Adriana Barrera, Marguerita Choy Organizations: REUTERS, HOUSTON, Cuban, U.S . Treasury Department's, Foreign Assets Control, U.S . State Department, Reuters, San, Thomson Locations: Veracruz, Mexico, Venezuela, Mexico Mexican, Cuba, Russia, Washington, Mexico's, Cienfuegos, Havana, U.S, San Jose

☆ Ukraine doesn't have much of a navy, but it's found a way to hunt down the 'weakest links' in Russia's critical sea supply lanes, UK intel says
▼ + stars: | 2023-08-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Ukrainian drones are attacking Russian ships and tankers, wrecking critical sea supply lanes. It's the latest incident involving Ukrainian sea drones hitting vital Russian naval targets, weakening sea supply lanes and proving Kyiv to be a scrappy, formidable naval force while lacking an actual fleet beyond some patrol boats. "The attacks show that USV operations are increasingly a major component of modern naval warfare and can be turned against the weakest links of Russia's sea supply lanes," the UK intel update said. Ukraine has made the development of sea drones a priority, even crowdfunding for what they call "the formation of the world's first naval fleet of drones." An expert previously told Insider the remotely operated, cheap-but-effective waterborne drones give Ukraine an "asymmetric advantage," stressing Russian defenses and resources.

Persons: Sig, Ukraine's USVs Organizations: UK intel, Kyiv, Service, Ukraine, UK Ministry of Defense, intel Locations: Russian, Kerch, UK, Wall, Silicon, Russia, Syria, Ukraine

CNN —Explosions hit critical road bridges linking occupied Crimea with parts of Kherson region under Russian control, Russian authorities say, as Ukraine escalates its targeting of Russian infrastructure and territory. The Russian-appointed acting head of Kherson region, Vladimir Saldo, says the missiles that hit two bridges in Crimea Sunday were all Storm Shadows, an air-launched long-range missile supplied to Ukraine by the UK. Earlier, Ukrainian President Volodymyr Zelensky said a Russian guided aerial bomb struck a blood transfusion center in the Kharkiv region Saturday. MapboxA new wave of Russian missiles also struck sites across Ukraine overnight, most of which were shot down. Any explosions that happen to Russian ships or the Crimean bridge are “an absolutely logical and effective step.

Persons: Vladimir Saldo, Saldo, can’t, It’s, …, Volodymyr Zelensky, ”, Vasyl Maliuk, Maliuk Organizations: CNN, Crimea Sunday, CNN Ukraine, Saturday, Ukrainian Security Service Locations: Crimea, Kherson, Ukraine, Moscow, Russian, Kherson region, Henichesk, Kharkiv, Russia, Ukrainian

☆ Poland finds leak on one part of Druzhba oil pipeline from Russia to Europe
▼ + stars: | 2023-08-06 | by ( Anna Wlodarczak-Semczuk | ) www.reuters.com time to read: +4 min

A view shows a leak detected in Druzhba oil pipeline as reported by Polish pipeline operator PERN, in Chodecz, Poland August 5, 2023, in this picture obtained from social media. The leak was detected near Chodecz, central Poland, on one of the two lines of the western section of the Druzhba through which crude oil reaches Germany, PERN said. Germany stopped buying Russian oil in January, but German media have reported that Kazakh oil was being imported through the line. The Druzhba oil pipeline is one of the world's largest and can carry 2 million barrels per day. Flows through the Druzhba pipeline have dropped sharply since Russia's invasion of Ukraine and pipeline infrastructure has been hit several times since in attacks that Moscow has blamed on Ukraine.

Persons: Anna Trzeciakowska, Grzegorz Jankowski, Vera Eckhert, Pavel Polityuk, Frances Kerry, Philippa Fletcher Organizations: REUTERS Companies, Firefighters, State Fire Services, TVN24, German Economy Ministry, Thomson Locations: Chodecz, Poland, WARSAW, Russia, Europe, Moscow, Ukraine, Germany, Wloclawek, Eastern, Central Europe, Belarus, Nord, Baltic

☆ Germany has only delivered 10% of the Leopard 1 tanks it promised Ukraine as part of a $3 billion deal, report says
▼ + stars: | 2023-08-06 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Germany pledged Ukraine almost $3 billion worth of military aid in May. Only 10 of the 110 promised Leopard 1 tanks have been delivered so far, the report says. The country had agreed to a 2.7 billion-euro, which is around $3 billion, military aid package with Ukraine during Ukrainian President Volodymyr Zelenskyy's visit earlier this year. The outlet found that in the last two months Berlin has sent Kyiv just 10 of 110 promised Leopard 1 tanks and 12 of 18 Gepard anti-aircraft tanks. After months of pressure, Germany finally agreed to send 88 Leopard 1 tanks and around 80 Leopard 2 tanks to Ukraine earlier this year.

Persons: Volodymyr Zelenskyy's, Welt Organizations: Leopard, Service, Kyiv, IRIS Locations: Germany, Ukraine, Wall, Silicon, Berlin

The Russian-flagged ship, the Sig, was hit by a drone carrying 450 kilograms (992 pounds) of TNT shortly before midnight, according to a Ukraine Security Service source. Ukrainian officials, however, said some crew were injured and that the tanker was carrying fuel for the Russian military. The strike on the Sig came just hours after Ukrainian sea drones targeted a major naval base in Novorossiysk, a coastal city on the Black Sea that is home to Russia’s largest port by volume of cargo handled. Ukraine has stepped up its attacks using unmanned aerial vehicles in recent weeks, hitting targets well within Russian territory, including in Moscow. The new generation of powerful sea drones, however, could open up a new front for Kyiv in the 18-month conflict.

Persons: Vladimir Putin, Vasyl Maliuk, ” Maliuk Organizations: Ukraine CNN, TNT, Ukraine Security Service, Federal Agency for Marine, Transport, CNN, Sig, Kyiv, Russia’s Defense Ministry Ukrainian, Ukrainian Security Service, Service, Security Service Locations: Kyiv, Ukraine, Ukrainian, Novorossiysk, Russian, Moscow, Kerch, Russia, Crimea, Feodosia, ”, reticence

☆ U.S. to Place Armed Sailors, Marines on Tankers to Stop Iran’s Attacks
▼ + stars: | 2023-08-04 | by ( Gordon Lubold | Vivian Salama | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: iran

☆ Ukraine attacks Russian navy base near Novorossiysk
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Aug 4 (Reuters) - Ukrainian sea drones attacked a Russian navy base near the Black Sea port of Novorossiysk, a major hub for Russian exports, early on Friday and were destroyed by Russian warships, Russia's defence ministry said. The attack prompted the Novorossiysk port to temporarily halt all ship movement, according to the Caspian Pipeline Consortium which operates an oil terminal there. Russian social media users reported hearing explosions and gunfire near Novorossiysk on Friday morning. Russia has also reported an attack by Ukrainian sea drones on its warships which were escorting a civilian vessel. Russian air defences downed 10 Ukrainian drones over Crimea on Friday morning and suppressed three more with electronic countermeasures, TASS cited the Russian defence ministry as saying.

Persons: Tom Hogue, Kim Coghill, Michael Perry Organizations: Caspian Pipeline Consortium, Caspian Pipeline, Astra, TASS, Reuters, Thomson Locations: Russian, Novorossiysk, Russia, Ukrainian, Crimea

☆ Rhine river levels in Germany back to normal after rain
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephane Nitschke/File PhotoHAMBURG, Aug 2 (Reuters) - Heavy rain has raised water on the river Rhine in Germany to levels allowing cargo vessels to sail fully loaded, data from German inland waterways agency WSA said on Wednesday. Commodity traders said full loads could now be taken on by ships along the entire river in Germany. German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy, major cargo shippers told Reuters. The Rhine is an important shipping route for commodities such as grains, minerals, coal and oil products, including heating oil. German companies faced supply bottlenecks and production problems in the summer of 2022 after a drought and heat wave led to unusually low water levels on the Rhine.

Persons: Stephane Nitschke, Pegelonline, Kaub, Michael Hogan, Sharon Singleton Organizations: REUTERS, WSA, Reuters, Thomson Locations: Ludwigshafen, Germany, Cologne

☆ It costs more than $200,000 a day for traders to ship liquefied natural gas as tanker supply dwindles
▼ + stars: | 2023-08-01 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

It costs traders more than $200,000 a day to ship liquefied natural gas in the Atlantic basin, per Bloomberg. Daily charter rates to ship LNG for October and November are at $206,750 and $284,750, respectively. A growing number of traders have been using ships as floating storage, crimping tanker supply. After the Ukraine war broke out, Europe rushed to pad out its energy reserves as Russia – a key supplier of natural gas – began cutting flows in retaliation to Western sanctions. With sky-high charter rates, the risk is that they could push up gas prices before winter.

Organizations: Bloomberg, LNG, Service, Commodities, It's Locations: Wall, Silicon, Ukraine, Saudi, Red, Europe, Russia, India, China, Moscow

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

A Biden administration source said such conversations with service providers about their requirements have been constant during the implementation of the caps. The price cap bans Western companies from providing services such as transportation, insurance and financing for the oil sold above the cap. Treasury uses a monthly average of prices to calculate the Urals price, which means it may be a while before the Russian oil price can be considered over the cap. 'POLICY PICKLE'The administration, however, is set to move slowly, wary of creating ripples in a market that could send rising global oil prices higher. "But there won't likely be a dramatic change unless oil prices stay high for a while."

Persons: Biden, We’ve, Joe Biden, Wally Adeyemo, Elizabeth Rosenberg, Adeyemo, Ben Cahill, Cahill, Timothy Gardner, Marguerita Choy Organizations: Group, European Union and Australia, Treasury, Foreign Assets, RUSSIA, The State Department, EU, Center for Strategic, International Studies, Thomson Locations: Washington, Ukraine, U.S, Urals, India, China, Russia, Europe, Russian, Eastern

There is no suggestion the trades break sanctions, although they may make it difficult for sanctions enforcement agencies in Europe and the United States to track Russian oil transactions and prices. The new trading network and practices raise financial risks for Russian oil companies dealing with unknown entities with limited credit history. "We recognise that (sanctions on Russia are) going to change the shape and structure of the Russian oil markets," the official told reporters. In May, Russian seaborne oil supplies to India, which was a rare buyer of Russian oil before the war, reached a record of 1.95 million bpd while China imported 2.29 million bpd. A source with one major Russian oil company said his company was prepared to deal with higher credit risks from buyers for the sake of having stable and rising oil exports.

Persons: Russia's, Rosneft, Everest, Coral, Washington, Lukoil, Dmitry Zhdannikov, Nidhi Verma, Timothy Gardner, Laura Sanicola, Simon Webb, Frank Jack Daniel Our Organizations: NEW, Liberian, Reuters, Shell, Group, European Union, Bellatrix Energy, Leopard, Guron, SEA, Coral Energy, Everest Energy, U.S . Treasury, EU, UK, Treasury, UAE dirham, Shipping, Hindustan Petroleum, Gazprom Neft, Covart Energy, Orion Energy, Media, Rosneft, Nidhi, Thomson Locations: Russia, Ukraine MOSCOW, NEW DELHI, Russia's Ust, Hong Kong, India, Moscow, Asia, Ukraine, Refinitiv, Europe, United States, Australia, China, U.S, UAE, Dubai, Visakhapatnam, Surgutneftegaz, Russian, Geneva, Singapore, Rosneft, Venezuela, MOSCOW, LONDON, Washington, New York

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