IEA says Russian oil imports haven't deteriorated despite imminent sanctions
More than 1 million barrels a day of Russian oil exports are set to be upended by Western sanctions expected to come into force within weeks, shipments Moscow will struggle to redirect elsewhere which threatens to further tighten global energy markets, the International Energy Agency said Tuesday.
Russian exports to the EU were 1.5 million barrels a day in October, of which 1.1 million barrels a day will be halted when the bloc’s ban comes into effect on December 5, the IEA said. The warning comes as the IEA predicted additional demand this year and next would come from China as the nation slowly eases its Covid-19 lockdown measures–though global demand growth will be sluggish as economies are expected to struggle.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | When a Union Busts a UnionFrom WSJopinion: Labor unions are employers too. And they don’t mind flipping the script when it’s their own staff at the bargaining table, write Mike_Saltsman and Charlyce Bozzello
Read more »
First allo T cell gets European nod - Nature BiotechnologyIn Brief: An EMA_News committee recommends an allogeneic T cell immunotherapy from Atara Biotherapeutics $ATRA for approval. Ebvallo would be the first off-the-shelf treatment to receive a green light
Read more »
European markets set to start the new trading week on a positive noteEuropean stocks are set to open in positive territory on Monday, with regional markets still seeing a boost from last week's U.S. inflation figures.
Read more »
Japan’s AUCNET eyes US, European push for pre-owned luxuryThe new location openings coincide with the global growth of the resale market at large.
Read more »
European markets head for mixed open as investors guage economic outlookEuropean markets are heading for a mixed open on Tuesday as investors guage the economic outlook in the region and wider global economy.
Read more »
Kang Daniel Announces European And North American Dates And Cities For “First Parade” World TourKang Daniel has announced his upcoming tour stops across Europe and North America! On November 14, Kang Daniel announced the dates and cities across Europe and North America for his first-ever world tour titled “First Parade.” His European leg will kick off in Manchester on January 26 and he’ll stop in five different cities before
Read more »