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Sources sometimes differ on the volume of proven oil reserves. The differences sometimes result from different classes of oil included, and sometimes result from different definitions of proven. (The data below does not seem to include shale oil and other "unconventional" sources of oil such as tar sands.
The 2022 Russian crude oil cap would be enforced by a maritime attestation that Russian crude was purchased below a certain set price, irrespective of market conditions. On 3 December 2022, this price cap has been set at US$60 per barrel. [3] G-7-based finance companies would only be allowed to provide transport and other services to Russian-based crude under these conditions.
The sanctions against buying Russian oil products took effect on 5 February 2023, introduced as part of the sixth package of restrictions, they were designed to complement the sanctions and price cap on Russian crude oil which were introduced in December 2022. [2] They target products under CN code 2710.
Brazil Senate President Rodrigo Pacheco presented a bill on Tuesday that significantly reduces the charges on state debt payments to the federal government. If the proposal gets congressional ...
A 10% increase in tips, for example, would bump up the committee’s projection for lost federal revenue to a range of $165 billion to $275 billion over the next decade.
There’s panic in the Democrat camp after last night’s US presidential debate but markets barely blinked as investors remain focused on more pressing issues for now.
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