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Global Trade & Economics: Page 168

U.S. Asks About 100 Tankers in Russia Oil Cap Violations Probe
The U.S. Treasury recently imposed its first sanctions on companies accused of violating an oil price cap.
Photo: iStock.com/Andrii Zorii
The Latest Executive Order Demands that the Semiconductor Industry Act Now
By investing in international cooperation and embracing data and technologies, we can illuminate the path to secure semiconductors and a safer world.
Photo: iStock.com/William_Potter
Russia Expected to Lift Fuel Export Ban Soon
The Deputy Prime Minister said the country will continue its voluntary cut of 300,000 barrels per day of crude oil and petroleum products until the end of December 2023.
Photo: iStock.com/Smederevac
Australian Farmers Are Giving Sheep Away for Free After 75% Price Plunge
Sheep prices have slumped, with older animals fetching an average of just $22 in October 2023 and some reports of animals selling for less than a dollar a head.
New South Wales, Australia. Photo: Bloomberg
The U.S. Transportation Sector’s Unemployment Rate Rose by 1.1% YoY
The unemployment rate within the U.S. transportation sector has increased by 2.1% when compared to pre-pandemic levels seen during October 2019.
Photo: iStock.com/waleed ahmed
A Record Number of Supertankers Is Headed to Collect U.S. Oil
The glut of vessels racing to the U.S. Gulf even includes ships heading to the region on a speculative basis without any cargo booking, an industry practice known as ballasting.
Photo: Bloomberg
Global Supply-Chain Pressure Hits Record Low, NY Fed Gauge Shows
Global logistics difficulties are at the lowest in 26 years as transportation costs keep declining, according to the Federal Reserve Bank of New York's Global Supply Chain Pressure Index.
Photo: iStock.com/ake1150sb
Dominion Sees Cheaper Wind Power at Massive Offshore Project
The company anticipates producing electricity at the Coastal Virginia wind farm for $77 a megawatt hour, down from earlier forecasts of between $80 and $90.
Photo: SeongJoon Cho/Bloomberg
Panama Congress Backs Repealing First Quantum Mine Contract
Authorities in Panama are grappling to contain weeks of demonstrations against a renegotiated contract that President Laurentino Cortizo’s administration signed with First Quantum for the Cobre Panama mine.
Panama City, Panama. Oct. 25, 2023. Photo: Bloomberg
Yellen Calls for More Trade Between U.S. and LATAM to Lessen China’s Influence
During a recent speech, Yellen said that certain South American countries have “tremendous potential benefits for fueling growth in Latin America and the Caribbean.”
Photo: iStock.com/buradaki
Chevron Discussing 15-Year LNG Supply Contracts with Europe
European imports of super-chilled fuel grew after Russia paused pipeline gas exports following the country’s invasion of Ukraine in 2022.
Alberta, Canada. Photo: iStock.com/jewhyte
Transnet Starts South Africa Rail Reform With Key Unit Formed
The company has requested a bailout from the state of about 100 billion rand ($5.3 billion) over the next two years.
Photo: Bloomberg
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