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Price for oil price cap yet to be determined, head of European Commission

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

Tesla winds down solar projects. Customers receive denials of service

Tesla winds down solar projects. Customers receive denials of service

Ilon Musk's company is massively winding down solar projects in the U.S.. The reason is not named, and Tesla Solar's results are not bad. However, the company probably faced rising costs: the raw materials keep getting more expensive. According to electrek, some customers in the states, when asked to

Twitter is preparing to integrate a payment service

Twitter is preparing to integrate a payment service

According to The NYT, the social network filed registration paperwork last week to implement payment processing. Musk is rapidly making his adjustments to Twitter. The integration of the payment service will allow the company to earn good interest income in the future. In addition, users will deal directly with the

Voters in some U.S. counties complain of intimidation - media

Voters in some U.S. counties complain of intimidation - media

Precinct workers are afraid to get into photos, and black voters in Texas are filing harassment allegations. Also in the New Jersey precinct, some voting devices are not working. In Georgia, employees whose photos were posted online during the Capitol assault are suspended.

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Eni received 1 million barrels of oil from Venezuela in November. The delivery marks a resumption of the oil-for-debt deal sanctioned by the U.S. government earlier this year. The deal allows Venezuela to sell oil to bypass sanctions. Earlier in June and July, Eni received a total of 3.

EU has "serious concerns" about U.S. Inflation Relief Act - CNBC, citing sources

EU has "serious concerns" about U.S. Inflation Relief Act - CNBC, citing sources

European officials say the White House measures violate international trade norms. A document of displeasure will be presented to U.S. officials. According to CNBC, the EU is concerned about potential new trade barriers for European electric car manufacturers. And they are not the only ones; South Korea, for example,

IMF predicts a 1.5% annual decline in global GDP

IMF predicts a 1.5% annual decline in global GDP

Head of the IMF Georgieva warned that the fragmentation of global trade into separate blocks will adversely affect the pace of global economic growth. At the same time, Asia and the Pacific region will lose about 3% of GDP per year.

Nonfarm payrolls from ADP (Oct): 239K.

Nonfarm payrolls from ADP (Oct): 239K.

Forecast: 195K. The US labor market is on fire, which means the Fed will keep raising rates. The market expects a 0.75% hike today. Although the data is not that critical. As ADP notes, the increase was mostly at the expense of newly hired workers whose paychecks did not

November will be warm in Europe

November will be warm in Europe

Weather forecasters said temperatures are expected to be above normal in early November, followed by mild weather for the rest of the month. Autumn is unseasonably warm in Europe this year. Gas prices in Europe may drop below $1,000 per thousand cubic meters on the back of 95% full

The world will not be able to live without oil, demand will grow, OPEC believes

The world will not be able to live without oil, demand will grow, OPEC believes

The organization raised the forecast for oil demand in 2023, as well as expectations from the oil market until 2045. It also named the amount of investment needed in the sector - $12.1 trillion by 2045. The key year for OPEC is 2035. World oil consumption is projected to