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23d06/24

Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch

Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled firm Rosneft, which is the biggest oil producer in the country. Sechin sent a letter to Russian President Vladimir Putin at the end of May, outlining potential measures to alleviate the fuel crisis, Russian daily Kommersant reported on Wednesday. In the letter, Sechin proposes firms to process at least 30

unclassifiedmiddle-east · russia · usa
23d06/24

Trump’s Nuclear Gamble Aims to Reshape the U.S. Power Grid

With hyperscalers set to spend roughly $800 billion on data-center capex this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge. We have made the case that intermittent solar and wind are no match for the scale and reliability requirements of the modern economy, and that nuclear power is emerging as the clean, always-on power source needed to power the AI era. The Wall Street Journal reports Tuesday morning that the Trump administration pl

unclassifiedmiddle-east · russia · usa
23d06/24

Alternatives to S&P500? Foreign investments?

With the S&P500 now being overrepresented by AI-involved companies like meta Amazon Tesla and so forth what are safer alternative investments options while we weather out the incoming financial crash due to the irresponsible overvaluation in AI? I’m entering my 30s so I’d like alternatives that will return 4.5-7% realistically annually. obviously I have a lot of time on my hands still but if it’s like the dotcom crash in 2000, it will take 16 years before the market recovers… that’s a long time

Socialunclassifiedusa
23d06/24

Moscow Refinery May Stay Offline Until 2027

The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a country grappling with severe fuel shortages, Reuters reports. Operated by Gazprom Neft, the facility in southeast Moscow is likely to remain offline for at least six months due to the severity of the damage it sustained after being struck twice within a single week in mid-June. According to indus

unclassifiedmiddle-east · russia · usa
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