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 …
Read More »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 …
Read More »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 …
Read More »There’s More Volatility To Come For Oil Markets | OilPrice.com
Oil prices have been pushed lower by interest rate hikes from both the Bank of England and the ECB, but there are still plenty of bullish catalysts to watch out for. There’s likely to be plenty more volatility in oil markets to round out 2022. Oilprice Alert: This week’s Global Energy Alert delves …
Read More »Inside the Face-Off Between Russia and a Small Internet Access Firm
The Kremlin spent years building the legal foundation and technological abilities to control the internet more closely. Yet even as Russia blocked certain websites and interrupted access to Twitter last year, few thought it would outright block major social media platforms and independent news websites. While television has always been …
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