Russian oil producers are continuing to increase discounts on oil for India in an effort to sell cargoes that refineries had previously rejected due to sanctions imposed by the administration of Donald Trump. This was reported by a former top executive of one of Russia’s energy companies in comments to the Financial Times.
The average export price of Russia’s Urals crude fell to $39 in December — its lowest level since the pandemic — and slipped slightly further in January, to $34–36 in mid-month and $36–38 by the end of the month. Discounts on Russian oil exceeded $25 per barrel, and for some cargoes reached nearly $40 per barrel.
India is increasingly reducing its purchases of Russian crude as it diversifies its imports. According to Bloomberg estimates, average daily shipments to Indian ports fell in December to around 1.2 million barrels, the lowest level in more than three years.
On January 21, a European Union ban came into force on imports of petroleum products made from Russian oil. India had previously been a major supplier of such fuels to the EU.
Countries of the Persian Gulf have lost about $15.1 billion in energy revenues since the start of strikes by the United States and Israel against Iran, according to estimates by analytics firm Kpler, reported by Financial Times. Analysts estimate that under normal conditions, oil, petroleum products, and liquefied natural gas worth around $1.2 billion pass […]
The financial performance of companies in Russia deteriorated significantly amid slowing economic growth and mounting economic challenges. This is evidenced by data from Rosstat, reported by the pro-government newspaper Vedomosti. According to the results of 2025, the combined losses of organizations increased by 7.5% year-on-year, reaching 8.9 trillion rubles. A total of 17,200 companies — […]
The company SEPS, Slovakia’s transmission system operator, has sent an official letter to Ukrenergo announcing the unilateral termination of the Agreement on Mutual Emergency Assistance. The termination of the contractual terms will take effect in May 2026. This was reported by Ukrenergo on its Telegram channel. “The reasons why our colleagues decided to cancel the […]
The company SEPS, Slovakia’s transmission system operator, has sent an official letter to Ukrenergo announcing the unilateral termination of the Agreement on Mutual Emergency Assistance. The termination of the contractual terms will take effect in May 2026. This was reported by Ukrenergo on its Telegram channel. “The reasons why our colleagues decided to cancel the […]
The administration of Donald Trump has begun a large-scale process of releasing oil from the country’s strategic reserves, submitting a request for 86 million barrels of crude oil. This was reported by Bloomberg, citing the United States Department of Energy. In a statement, the department said that supplies from the Strategic Petroleum Reserve are part […]
Oil flows through the Strait of Hormuz have collapsed amid the escalation of the conflict in the Middle East, with supplies now far below normal levels. This is stated in a new report by Goldman Sachs. The bank estimates that average daily flows through the Strait of Hormuz have dropped by 97% compared with normal […]
Saudi Arabia, the world’s largest oil exporter, has reduced its oil production by about 2 million barrels per day to roughly 8 million barrels per day due to the conflict in the Middle East, according to Reuters, citing two sources. Riyadh is redirecting more oil to Yanbu on the Red Sea coast, bypassing the Strait […]
JPMorgan shares increased because of the announcement of financial results for the 2nd quarter ended on June 30. Since the beginning of the year, JPMorgan shares have lost almost 30% because the global COVID-19 pandemic has hit the global economy, and the US Federal Reserve has cut rates to zero greatly reducing the profitability of […]
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Agricultural holding “Industrial Milk Company” (IMC) is planning to raise $ 20 million funding from the European Bank for Reconstruction and Development for appending of the floating capital. According to the bank’s website, the board of directors plans to consider the relevant draft at the meeting on April 20. The total cost of the project […]
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The Council of the European Union is set to approve two EU legislative acts on Tuesday, February 24, providing Ukraine with a €90 billion loan. The measures will allow technical work on the loan to continue even as Hungary blocks a third bill required to complete the process. This was stated by European Commissioner Valdis […]
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Shares of Zoom Video Communications, which rose 716% over the past 12 months, rose 5.8% during trading on Monday, but closed with an increase of 1.23%. This is very different from the general decline in the market on Monday – major US stock indexes closed lower: the S&P 500 by 1.86%, the Dow Jones by […]
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Microsoft will stop supporting Windows 10 on October 14, 2025. This was reported by the company’s press service. Thurrot writes that this means the date of the “death” of Windows 10. The publication adds that the new generation of operating system, which Microsoft will present next week, will not be called Windows 10, at least, […]
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The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future, Alexei Vitchenko, this is the first transaction of the Ukrainian investment company in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]
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In temporarily occupied Crimea, gas stations have restricted the sale of AI-95 gasoline due to shortages, The Moscow Times reports. According to local residents, this type of fuel has disappeared from most stations, while at those where it is still available, sales are mostly made using vouchers issued by companies. The price of AI-95 has […]
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The European automotive market began 2026 in decline: in EU countries, the United Kingdom, and the European Free Trade Association (EFTA), 961,382 new cars were registered in January — 3.5% fewer than a year earlier, according to Carscoops. Sales of Tesla in the region fell by 17% to 8,075 vehicles. The company’s market share declined […]
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In the United States, Ford Motor Company announced a large-scale recall of nearly 500,000 Ford Edge and Lincoln MKX vehicles and more than 105,000 Mustang vehicles. According to Reuters, the first recall is due to a possible malfunction in the braking system, while the second is due to a failure of the exterior lighting. In […]
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Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]
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Ukrainian companies need to boldly experiment with artificial intelligence (AI). Success will belong not to those with the most powerful model, but to those who integrate it most effectively into their processes. This was discussed during a panel at this year’s Forbes Tech 2025, according to the press service of Metinvest. The discussion featured Oleksii […]
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For the three quarters of 2021, the budget was overfulfilled in terms of revenues by 5.3%, or UAH 46.65 billion, from the plan and exceeds last year’s level by 20.8%. This was reported on the website of the State Treasury. In particular, in September the budget was overfulfilled by 6.4%, or UAH 6.2 billion, and […]
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The United States has given Germany a six-month deadline to resolve the issue of Rosneft’s German assets, allowing them to be temporarily exempted from U.S. sanctions, Bloomberg reported, citing informed sources. The Trump administration has indicated to Berlin that it is considering issuing a limited, non-renewable general license for Rosneft Deutschland. German authorities are currently […]
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Hyundai Motor Company and General Motors have unveiled initial plans for five jointly developed vehicles. Four of the vehicles — a compact crossover, a sedan, a pickup truck, and a mid-size pickup — are targeted at markets in Central and South America. All models will be available with both gasoline engines and hybrid powertrains. The […]
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TUI will receive another 1.2 billion euros in state aid in connection with the effects of the coronavirus pandemic, the press service of the travel concern said. “The € 1.2 billion stabilization package strengthens the group’s position, providing sufficient liquidity in an unstable market environment. This applies to both the tourist season of the winter […]
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Rising prices for memory chips are significantly affecting the production cost of smartphones. According to analysts at Counterpoint Research, in the first quarter of 2026 the cost of memory for manufacturers of budget smartphones could increase by 25%, reaching about 43% of the total cost of components. This estimate is based on a typical configuration […]
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