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US SPR stockpiles last week fell to their lowest level since October 1984

US SPR stockpiles last week fell to their lowest level since October 1984

Earlier we wrote that US authorities are ready to replenish crude stocks at $80 a barrel. However, so far in the market, prices aren't even close to those values - WTI is trading above $88. The U.S. is pumping oil into the economy. Exports and production are holding at

Taiwan hosts dozens of foreign lawmakers in Washington to promote sanctions against China - Reuters

Taiwan hosts dozens of foreign lawmakers in Washington to promote sanctions against China - Reuters

The U.S. is considering imposing sanctions against China over its aggression on Taiwan. Diplomats from Britain, Australia, Canada, India, Japan and other countries arrived in the U.S. to discuss sanctions. Details of the sanctions are not known. They can be both political and economic. The latter will cause

Elon Musk says he has discussed integrating Starlink into the giant's devices with Apple

Elon Musk says he has discussed integrating Starlink into the giant's devices with Apple

Musk's plans may become a reality. Apple has begun to take an active interest in the development of satellite technology. SpaceX is a leading private space company and could well integrate its Starlink network into future Apple devices. Earlier in the presentation, Apple unveiled a new SOS feature that will

Ministry of Energy expects electric power exports to China and Mongolia to grow by 20%, - Shulginov

Ministry of Energy expects electric power exports to China and Mongolia to grow by 20%, - Shulginov

Ministry of Energy expects Novatek to participate in Sakhalin-2 project. The Energy Ministry wants oil production at Sakhalin-1 to recover by the end of the year.

Mosbirzhya told about a possible legal way to recover assets - Managing Director of Compliance and Business Ethics of Mosbirzhya Irina Grekova

Mosbirzhya told about a possible legal way to recover assets - Managing Director of Compliance and Business Ethics of Mosbirzhya Irina Grekova

The National Settlement Depository wants to return investors' access to blocked assets. There are two ways: through the EU court, to which NSD applied on August 12, or by obtaining a license to use the blocked assets. The process of applying for a license has already been launched by NSD

Production cuts in Europe and Asia fuel fear of global recession, Bloomberg

Production cuts in Europe and Asia fuel fear of global recession, Bloomberg

Today Germany and Great Britain released data on manufacturing activity, which have been falling for two months in a row. Production is also falling in Asia due to a spike in Covid disease and the energy crisis caused by the drought. The picture is even gloomier with many central banks

LNG tankers to double in price - WSJ

LNG tankers to double in price - WSJ

The cost of renting a LNG tanker will rise to $105,000 a day in September, up from $64,000 in August. The reason: the energy crisis in Europe and the EU's desire to fill LNG storage facilities. At the same time, the price of gas has broken through $3,

Sony sold twice as many branded consoles as Microsoft - The Verge

Sony sold twice as many branded consoles as Microsoft - The Verge

Sony sold more than 117 million consoles during the entire PS4 launch, the "green giant" sold just 58.5 million Xbox One units. Microsoft stopped reporting Xbox One sales figures at the beginning of fiscal 2016, focusing instead on Xbox Live numbers. However, the latest report revealed sales figures for

Surgutneftegaz converts ADRs into shares

Surgutneftegaz converts ADRs into shares

The Bank of New York Mellon acts as the depositary for Surgutneftegas. The automatic conversion of ADRs, which began in Russia today, applies only to securities held with Russian depositories. Thus, Surgutneftegas made its own decision on the conversion. The American Depositary Receipt program was launched on March 19, 1998.

Today starts the automatic conversion of depositary receipts, which are accounted in the Russian depositories

Today starts the automatic conversion of depositary receipts, which are accounted in the Russian depositories

Also from today, Moscow Exchange opens access for non-residents from friendly countries to trading on the bond market. It is worth watching the trading volumes of large corporate bonds and government bonds. Last week non-residents came to the futures market, there was not much dynamics there.