Russian Oil Shipments Generate Record Profits for Greek Shipping Companies

Greek shipping companies have earned at least $3.8 billion over the past three years from transporting Russian crude oil, according to estimates published by the Financial Times on July 7. The newspaper noted that the shipments were carried out under the G7 price cap mechanism, which allows the transportation of Russian oil provided it is […]

Saudi Arabia Slashes Oil Prices in Biggest Cut in at Least 26 Years

Saudi Arabia’s state-owned oil giant, Saudi Aramco, has announced its largest reduction in official crude oil prices in at least 26 years. According to Bloomberg, the new pricing, announced on Monday, July 6, applies to shipments scheduled for next month, particularly those destined for Asian markets. The company cut the official selling price of its […]

Tesla Beats Expectations with Strong Second-Quarter Delivery Results

Tesla exceeded market expectations in the second quarter after releasing official production and delivery figures that significantly outperformed analysts’ consensus forecasts. Before the report, the market had been guided by Bloomberg’s conservative consensus estimate of 396,466 vehicles and Tesla’s own Investor Relations (IR) consensus forecast of 406,024 deliveries (with a median estimate of 408,609). The […]

Volkswagen May Sell Lamborghini and Ducati

Supervisory Boards of Energoatom and the Gas Transmission System Operator Fully Appointed

Ukraine’s Cabinet of Ministers has completed the formation of the supervisory boards of NAEK Energoatom and Gas Transmission System Operator of Ukraine LLC (GTSOU), the Ministry of Economy announced. The following individuals have been appointed as independent members of Energoatom’s Supervisory Board: Dominique Minière – a French and Canadian citizen with more than 35 years […]

Polish Companies Remain Interested in Ukraine Despite Diplomatic Tensions

Poland’s state development bank BGK is reporting growing demand from Polish companies seeking financing for infrastructure and energy projects in Ukraine, despite ongoing political tensions between Warsaw and Kyiv. The information was reported by Bloomberg. “Companies are coming back to us, and our project pipeline has grown even larger. This means they have analyzed the […]

Smart Energy Says UAH 3.2 Billion in Investments Have Been Frozen

Smart Energy has been forced to suspend its UAH 3.2 billion investment program following the renewed suspension of several of its special permits for natural gas production. The announcement was made by the group’s CEO, Oleksii Zaiets, in an interview with NV Business. According to Zaiets, after some of the company’s assets were partially unblocked […]

Ukraine Exports Combat Drones to the United States

Ukraine’s State Service for Export Control has approved the delivery of a batch of F10 strike unmanned aerial systems (UAS), developed by the Ukrainian company F-Drones, to the United States. According to Deep State, this marks the first documented case in the history of U.S.-Ukraine relations in which Ukraine has authorized the export of fully […]

Ukrgasbank and Sense Bank to Be Sold to Investors

The Ukrainian government has updated the Strategic Guidelines for the Operation of State-Owned Banks during Martial Law, outlining plans to privatize two state-owned lenders — Ukrgasbank and Sense Bank. The revised strategy provides for the sale of shareholdings in JSC Ukrgasbank and JSC Sense Bank to private investors. The privatization of PrivatBank will be considered […]

Coffee Prices Surge as Rain Delays Brazil’s Harvest

Global coffee and sugar prices continued to climb on the New York and London exchanges as adverse weather conditions in key producing countries fueled concerns over future supplies and crop yields, Bloomberg reports. The most actively traded Arabica coffee futures contract rose 3.1%, following a record intraday gain in the previous session. Overall, coffee futures […]