Iran’s industrial export grows 13%

Traders wary of potential US recession as China battles Covid. WTI steadies below $77 after tumbling more than 4% on Tuesday.

Moscow’s response to the Western price cap is to stop supplying crude oil and oil products from February 1.

Russia may increase its crude oil exports if the European Union ban on imports of the nation’s fuel results in lower refinery throughput, vice prime-minister Alexander Novak said in an interview to Tass.

Ukrainian energy use dropped more than 50 percent after the Russian attacks, power grid operator Ukrenergo said.

The Russian truck maker Kamaz plans to launch the full-scale production of K5 trucks with components not depending on supplies from unfriendly countries in February 2023, the office of Deputy Prime Minister Denis ...

"It feels like they are just trying to make a decision for the sake of a decision - not for effect, but just for a show that the cap has been introduced," Dmitry Peskov noted.

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.

The Permanent Mission of the Russian Federation to the international organization noted that "the UN has time to fulfill its obligations until November 18".

Investors rushed to dump Meta Platforms Inc's stock after hours, pushing it down 20% and wiping $67 billion off its market value after the company posted its fourth straight decline in quarterly profit.