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2023-11-25 18:27
Country Garden Crisis Drags Down Other Builders That Got Support
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Chilean and Mexican presidents call for democracy before 50th anniversary of Chilean coup
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2023-09-11 04:48
Russian oil supplies continue to spike despite G7 price cap sanctions, data shows
Russian crude oil supply surged 50 per cent this spring despite sanctions imposed by the G7 countries in the backdrop of continuing war in Ukraine, data from commodities tracker and analytics company Kpler showed. An analysis of shipping and insurance records from August showed almost three-quarters of all seaborne Russian crude flows travelled without any western insurance in August, reported the Financial Times. The move was a lever enacted by the G7 nations, the European Union and Australia which imposed a $60-a-barrel price cap last December as the coalition looked to restrict Russia’s ability to finance its invasion of Ukraine. The significant surge confirms Russia’s ability to dodge the cap imposed by Western nations and continue to sell more of its oil at prices competing with international market rates. Russia’s oil revenues are, however, likely to go up due to constant increases in crude prices and a reduction in the discount on its own oil, estimates by the Kyiv School of Economics showed. Russia cut its seaborne diesel and gasoil exports by nearly 30 per cent to about 1.7 million metric tons in the first 20 days of September from the same time in August. Russia’s temporary ban on exports of gasoline and diesel to most countries, announced last week, was expected to further tighten supplies. In April this year, Russian crude oil exports reached back above to levels seen before Vladimir Putin’s Ukraine invasion, despite the ratcheting up of Western sanctions. India and China accounted for 90 per cent of Russia’s seaborne crude oil exports, according to figures by Kpler. The Asian giants are each buying an average of 1.5 million barrels per day (bpd), absorbing the shortfall in exports to European nations that previously accounted for two-thirds of Russian crude. But in August, India’s import of Russian oil dipped to a seven-month low after steady purchase during the course of the war, amid lower discounts for Moscow’s grades and planned maintenance outages at some plants. Since Russia’s full scale war, India had steadily increased its purchases of discounted Russian oil. Indian imports of Russian oil hit a record high in October, with the country becoming India’s top oil supplier in terms of bpd. Despite Western sanctions designed to stop funds reaching Mr Putin’s war chest following his Ukraine invasion, Russia’s crude oil exports have actually risen from 3.35 million bpd in 2022 to 3.5 million bpd in the first quarter of 2023, Kpler said. After India and China, the two largest buyers of Russian crude are now Turkey and Bulgaria. Read More ‘Panic’ grips Putin’s military and milbloggers over Ukraine’s advances on battlefield Ukraine-Russia war – live: ‘Panic’ among Putin’s troops as they ‘face threat of encirclement’ in Verbove Russia strikes Odesa, damaging port, grain infrastructure and abandoned hotel Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war France's Macron to unveil latest plan for meeting climate-related commitments in the coming years
2023-09-25 20:15
California's Newsom promoting Biden in '24 - and perhaps himself in '28
By Joseph Ax Shortly after Wednesday's second Republican presidential debate concluded, California Governor Gavin Newsom was holding court
2023-09-30 18:27
Verstappen continues charge to third title at Silverstone
Max Verstappen continued his relentless charge to a third Formula One world title on Sunday when he claimed his first British Grand Prix victory to deliver a record-equalling 11th consecutive...
2023-07-10 00:53
xQc claps back at IShowSpeed's critique of his goalkeeping skills: 'Now show your meat'
The impending Sidemen Charity Match is mocked by xQc when IShowSpeed questioned his goalkeeping abilities
2023-09-04 14:16
Portland Timbers extend winning streak after 3-2 triumph over Colorado Rapids
Portland Timbers just keep on winning.
2023-09-25 23:15
Talks resume with aim to end strike by writers unions
Hollywood studios on Tuesday asked the Writers Guild back to the negotiating table in the first known talks since the nearly 100-day strike brought production of most television shows and movies to a halt.
2023-08-02 19:29
Secretariat's 1973 Triple Crown saw record times in each race. It took 39 years to become official
When Secretariat won the Preakness a half-century ago, his final time of 1 minute, 55 seconds wasn’t all that noteworthy
2023-05-19 02:53
Amazon begins offering grocery delivery for customers who are not Prime members
Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members
2023-08-03 00:28
Lewis Hamilton fears ‘high chance’ Max Verstappen will win 10 remaining races
Lewis Hamilton fears there is a “high chance” that Max Verstappen will win all 10 remaining races this season – and believes the Dutchman’s crushing dominance could last until 2026. Following a four-week summer shutdown, Formula One fires up this weekend at Verstappen’s home round in the Netherlands. Verstappen has won the last eight races and he will match Sebastian Vettel’s record of nine on the spin for Red Bull in 2013 if he triumphs in front of his orange-clad Dutch fans here on Sunday. Such is the dominance of Verstappen’s machine – and the two-time world champion’s supreme form – there is a feeling in the paddock, not only that Red Bull could become the first team to go through a campaign unbeaten, but that Verstappen could be victorious at each of the concluding 10 rounds. “There is a high chance that he (Verstappen) will win every race,” said Hamilton, 38. “He hasn’t made any mistakes and the team hasn’t made many this year. They might win everything. “But later on in the year, maybe we will get closer and we are hopeful we can challenge them at some point – whether that is this weekend, or who knows where? If there are any mistakes or mishaps, we will be right there to capitalise.” Verstappen has dominated since F1’s regulations were overhauled at the start of last season, with his comfortable victory at the concluding round before the break in Belgium his 10th from 12 so far and his 19th from his last 23 outings. He is a staggering 125 points clear in the standings as he closes in on a hat-trick of titles. Ferrari’s Charles Leclerc predicted on Thursday that it would be “very, very difficult” to catch Verstappen and Red Bull before the sport’s next major rule change in 2026. And Hamilton continued: “The fact is Red Bull are ahead and they have most likely started development on next year’s car a month before anybody else. It is very, very possible that Charles could be right. “We are working on the steep gradient to develop our car and close the gap. Whether or not we can, next year will be the proof.” I am hoping we are closer or in shooting range of a podium this weekend Lewis Hamilton Hamilton’s £40million-a-year contract expires at the end of the season and the Briton said on Thursday that were there was no update on his next deal, despite team principal Toto Wolff claiming – ahead of the Canadian Grand Prix on June 18 – that his star driver’s future would be resolved in “days rather than weeks”. Hamilton is fourth in the standings, 41 points adrift of Verstappen’s Red Bull team-mate Sergio Perez who occupies the runner-up spot, while Mercedes are second in the team standings, an eye-watering 256 points behind Red Bull, but 51 points clear of Ferrari. “It is a huge achievement to be second in the championship and it is something I feel has been overlooked,” said Hamilton. “We want to win but I am really proud of the team and the steps we have taken. “The guys think this track is not too different to Budapest and our car was good in Budapest. Even last year when the car was not great in Zandvoort, we were closer to the front. “George (Russell) finished second and at one point I was hunting down the lead so I am hoping we are closer or in shooting range of a podium this weekend. “We have the belief we will get there. And my goal is to try and keep that second place in the constructors’ championship and hunt down second in the drivers’ standings.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Haas announce Kevin Magnussen and Nico Hulkenberg staying for 2024 Lewis Hamilton gives blunt response to Felipe Massa’s legal action over 2008 title Charles Leclerc gives gloomy prediction on how quick Ferrari will catch Red Bull
2023-08-24 23:57
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