Russia Turns to a Disputed Region to Keep Wheat Exports Flowing
Russia’s grain industry is looking to increasingly niche solutions for shipping wheat as attacks in the Black Sea continue to choke off exports from the world’s biggest supplier.
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Russia’s grain industry is looking to increasingly niche solutions for shipping wheat as attacks in the Black Sea continue to choke off exports from the world’s biggest supplier.
Francisco Blanch, Bank of America Commodities and Derivates Research Global Head, discusses energy markets and the volatile context around oil inventories as conflicts in the Middle East and Russia's invasion of Ukraine continue. "We've been living a little bit on borrowed time," Blanch tells Bloomberg Television. He adds crude oil could face a crunch point in "maybe four, five months." (Source: Bloomberg)
Moscow dispatches its inaugural diesel shipment to the US, aiming to ease fuel shortages as midterm elections loom.
A tanker loaded with Russian diesel will sail for the US on Thursday as Moscow starts to implement a fuel supply deal struck by Vladimir Putin and Donald Trump, according to Deputy Prime Minister Alexander Novak.
Reliance is central to Washington’s efforts to punish Russian energy buyers and contain oil prices amid the war on Iran.
Egypt's president and foreign minister met Russia's BRICS envoy Maxim Oreshkin in Cairo to speed up the Russian industrial park in the Suez Canal zone. The post Egypt Advances Russian Suez Zone on 19 Oct appeared first on The Rio Times.
Wheat rose after weekend strikes between Russia and Ukraine made any deal to restart exports from the two major producers increasingly unlikely.
Putin placed Tarkett, Ontex and three packaging units under temporary management in mid-October. Here is how the rule works and what owners can do. The post Russia Puts Tarkett, Ontex Under State Management appeared first on The Rio Times.
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by International Rescue Committee CEO and Fmr. UK Foreign Secretary David Miliband, Fmr. Deputy Prime Minister of Canada and “Unreliable Boyfriend” Author Chrystia Freeland and Northwell Health President & CEO Dr. John D’Angelo. (Source: Bloomberg)
President Trump waived new Russia tariffs before they took effect on 18 October, but the threat stays legally available and could reach Brazil's fertiliser. The post Russia Sanctions Waiver Leaves Latin American Buyers Exposed appeared first on The Rio Times.
Russia’s refined fuel shipments declined in early October before the government loosened a diesel export ban.
While Russia’s share in India’s oil imports fell to 44%, from a historic high in July, the shares of both the U.S. and the UAE surged, resulting in the cumulative shares of the three countries reached an all-time high
Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.
Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. (Source: Bloomberg)
Loading rates at Novorossiysk have slowed with ships moored for twice as long as normal
Apart from the deal to allow Russia to sell diesel to the U.S. and global markets, U.S. President Donald Trump also announced an ‘energy ceasefire’ between Russia and Ukraine
Russia said on Monday that European Union countries had bought $320.7 billion worth of its energy resources since 2022, despite sanctions over the war in Ukraine. The figure fuelled tensions as European officials criticised a US deal to import Russian diesel, while Stockholm called for the bloc to use frozen Russian assets to boost support for Kyiv.
Oil held a gain as a widening conflict in the Middle East threatened to hamper a recovery in supply from the region, while there were also doubts over US President Donald Trump’s claims of an “energy ceasefire” between Russia and Ukraine.
Amrita Sen, founder and director of market intelligence at Energy Aspects, discusses what she calls “extremely desperate measures” by US President Donald Trump to increase Moscow’s diesel sales into global markets and the announcement of an “energy ceasefire” between Russia and Ukraine. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Wheat declined for a fourth day after US President Donald Trump said Russia and Ukraine had agreed to an immediate “energy ceasefire,” raising hopes that an easing of hostilities could reduce Black Sea disruptions.
Gold edged higher as traders assessed US President Donald Trump’s claim of an “energy ceasefire” between Russia and Ukraine, even as risks of a widening conflict in the Middle East raised inflation concerns.
Russia is looking to expand shipbuilding cooperation with China through technology partnerships and joint investment, visiting presidential aide and Maritime Board chairman Nikolai Patrushev said. Patrushev held talks in Beijing with Ke Jixin, Chinese vice-minister of industry and information technology, the Russian Maritime Board said in a statement on Saturday. It said the two sides discussed the possibility of Chinese shipbuilders becoming technology partners and equipment suppliers for new...
President Donald Trump said Sunday that Russia and Ukraine have agreed to an “energy ceasefire” effective immediately.
Bloomberg Economics Economic Statecraft Lead Chris Kennedy tells Bloomberg This Weekend that President Donald Trump's agreement to obtain Russian diesel is unlikely to significantly lower US fuel prices because the proposed November shipment amounts to roughly one day of American consumption. Speaking with hosts David Gura and Christina Ruffini, Kennedy says damage to Russian refineries, logistical challenges and potential legal restrictions raise questions about whether Moscow can deliver the promised fuel, while the agreement could complicate Ukraine's campaign against Russian energy infrastructure. (Source: Bloomberg)
President Donald Trump's deal with Putin comes amid surging fuel prices and looming US midterm elections.
US President Donald Trump said Friday that he had secured Russia's agreement for a major release of diesel, as he eased war sanctions on Moscow in a push to lower energy costs ahead of midterm elections.
Australia has no need to buy fuel from Russia and said that purchases from there will remain barred so that the country doesn’t benefit from the invasion of Ukraine.
Russia to deliver millions of tonnes of diesel soon, US President Trump announces after talks with Putin.