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Russian oil price discount shrinking, sanction dodging widespread

20 September 2023

A recent study by the KSE Institute, led by senior economist Benjamin Hilgenstock, found that Russia is successfully avoiding oil sanctions and that the discounts it has to offer on its barrels of oil are tightening in comparison with Brent.

Ukraine storage reaches 14.7 bcm, enough for winter

19 September 2023

Ukraine has accumulated 14.7bn cubic metres of natural gas in its underground storage facilities, passing the target needed to get through the winter, the Ukrainian Ministry of Energy reported on September 19.

Istanbul-listed Yapi Kredi sells $500mn of 5-year green eurobonds at 9.25% coupon

18 September 2023

Last week, government-run Vakifbank sold $750mn of sustainable eurobonds due 2028 at a 9% coupon rate.

Erdogan asks Musk for Tesla gigafactory during meeting in New York

18 September 2023

Also offers entrepreneur cooperation in artificial intelligence and Starlink satellite internet services.

California sues Big Oil over damages, alleged climate change deception

18 September 2023

The state of California has sued five of the world’s biggest oil companies, alleging that their action caused billions of dollars in damage and that they misled the public by downplaying the risks posed by fossil fuels.

Iran's petrol crisis: low quality, high demand

17 September 2023

A new leaked document from the Iranian government has indicated that only 20% of the country’s petrol is Euro-4 or Euro-5 compliant.

Flood deaths in Libyan city may be as high as 11,300

16 September 2023

Libya’s death toll is climbing, with the Libyan Red Crescent aid group on Friday putting the carnage at 11,300 in the coastal city of Derna alone.

Lee to make landfall in Nova Scotia

16 September 2023

Hurricane Lee was expected to make landfall late afternoon or early evening local time on Saturday in the west end of Nova Scotia, said authorities.

US singles out Turkey with latest war sanctions package

15 September 2023

Ankara gets a poke in the eye as Washington launches new attempt at hobbling Putin’s war machine by targeting technology shipments and financial channels.

COMMENT: What to expect if Bulgaria expels Lukoil

14 September 2023

Russian oil company effectively used its business activities to develop enormous political leverage in Bulgaria.