Tag Archives: Russia

Citi’s global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia – and breaks down the ‘stunning’ state of America’s oil industry

In an interview with Insider, Citi’s Ed Morse said he expects Brent crude to finish 2023 around $76 a barrel.  Next year, energy markets will see both a supply uptick and an easing of global demand, Morse said. He explained how the roles of Russia and the US have shifted …

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Gas prices tumble to 15-month low. Sub-$3 could be next | CNN Business

CNN  —  The plunge in gasoline prices hit another milestone on Friday, with the national average sinking to the lowest level since September 2021. The sharp decline in pump prices is encouraging news for consumers after a year of high prices for groceries, rent and other essentials. A gallon of …

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Ukraine suffered a comms outage when 1,300 SpaceX satellite units went offline over funding issues | CNN Politics

Washington CNN  —  Ukraine’s fears that its troops  may lose access to Elon Musk’s crucial Starlink internet service deepened in the past week after 1,300 of the military’s satellite units went offline, according to two sources familiar with the outage. The small, easy-to-use satellite dishes made by Musk’s private rocket …

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