Russian Crude Flows Freely Despite Sanctions
On Sunday, the Financial Times, citing data from analytics company Kpler, reported that Russian crude oil supplies increased 50% this spring, in spite of Western sanctions imposed on Moscow over…
Three Major Investment Banks Fined Over Alleged Reporting Failures
Goldman Sachs Group Inc. has been fined over alleged swaps reporting failures and other violations by a US regulator. On Friday, Goldman was ordered to pay $30 million in penalties…
German Jobs Market Shows First Sign Of Weakness
On Wednesday, Bloomberg reported that, according to a new report from the German Ifo Institute for Economic Research, hiring in Germany has stalled as the economic environment has worsened and…
Russia Resumes Gas Flows To China Through The Power Of Siberia, Following Maintenance
On Thursday, Russian energy giant Gazprom announced it was restarting deliveries of natural gas to China after concluding regular maintenance procedures on the Power of Siberia pipeline. In a statement…
Automakers Decry New Biden Rules Which Will Cost $14 Billion In Fines
On Friday, an automotive lobbying group made a statement saying that the Biden administration’s proposed rule change increasing fuel economy standards through 2032 is not feasible, and could end up…
China Evergrande Chairman Put Under Police Surveillance For “Illegal Crimes”
Debt-stricken property developer China Evergrande announced Thursday that its Chairman was suspected of “illegal crimes,” following the suspension of the trading of its shares earlier in the day. The company…
Ray Dalio Says The US Is Approaching A Debt Crisis
On Thursday, CNBC reported that in an interview with Ray Dalio, the founder of hedge fund Bridgewater Associates, he said that he believes the United States is on the path…
UK Approves Massive New Oil And Gas Project
Ignoring calls from environmentalists, the British government has just officially approved one of the biggest oil and gas projects the UK has seen in years. In a press release on…
In Finland The Housing Market Is Crashing
On Tuesday, Bloomberg reported that the Finnish housing market is entering a downturn as new home construction has plummeted to levels not seen since World War II. New home construction…
Oklahoma Stockpiles Fall, Crude Inches Higher
Concerns of a tightening of global oil supplies grew on Thursday as new data showed a fall in stocks at a key Oklahoma storage facility in the US, pushing global…
