Saudi Arabia has drastically increased oil supplies to the world market after US administration officials asked the kingdom for more barrels to ease the energy crisis.
In July, state oil company Saudi Aramco was selling 7.5 million barrels a day overseas, Bloomberg calculated based on tanker shipping data.
Compared with June, Saudi oil exports rose by 14% and approached a record in history. Suadi Aramco sold more barrels only in the spring of 2020.
Deliveries to China in July reached 1.65 million barrels per day and almost doubled the Russian ones, which, on the contrary, decreased by 25% during the month — from 1.07 to 0.81 million barrels per day.
Saudi Arabia sold 1 million barrels a day to India (against 0.74 million from Russian oilmen).
At the same time, Saudi Aramco directed additional flows to Europe. The SuMed pipeline, duplicating the Suez Canal, pumped 1.2 million barrels per day to European countries — 90% more than before February 2022.
<<< August 03, 2022 Feed >>>
Speaker of the US House of Representatives Nancy Pelosi made a historic visit to Taiwan despite fears of provoking a military conflict between the US and China
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The Chinese Foreign Ministry strongly protested and condemned Nancy Pelosi’s visit to Taiwan, the ministry said. According to the Chinese authorities, the arrival of Pelosi seriously violates the principle of «one China» and the provisions of the Chinese-American communiqués.
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Retailer IKEA (Ingka Group) has announced that it plans to place more than 1,000 electric vehicle charging stations in its stores in Sweden and Norway by the end of 2024.
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Nancy Pelosi said the US stands by Taiwan’s democracy and continues to oppose unilateral attempts to «change the status quo.» She stressed that her visit does not contradict US policy towards China.
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Against the backdrop of the crisis in the Russian aviation market, Aeroflot decided to reduce the salaries of top management by 30-40% from June 2022. In the first half of the year, the group’s passenger traffic decreased by 7%, while its key subsidiary, Pobeda, decreased by 13%
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The production of non-alcoholic beer in Germany has increased by 74% over 10 years. Last year, the country produced 411 million liters of the drink, while in 2011 — only 236 million. At the same time, the production of alcoholic beer in the country decreased by almost 14%. Such data are provided by the German statistical agency on the occasion of International Beer Day, which is celebrated on August 5.
As for low-alcohol beer cocktails, their production has also grown by almost 24% over 10 years. One of the most popular such cocktails in Germany, Austria and German Switzerland is the Radler. It is a mixture of beer and lemon juice.
In total, there are more than 1.5 thousand breweries in Germany, which produce about 8.5 billion liters of beer per year. Every year, every German drinks an average of 90 liters of beer.
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The PRC has announced a drill that will begin on August 4 and last for three days. They will be held in six areas of the sea around Taiwan.
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The organizers of the international exam in English TOEFL banned Russians from registering for testing. In addition, according to users from the Russian Federation, Russians cannot send the results of an already passed test to universities.
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25 Airbus A320, A321 and A330 aircraft operated by Russian airlines Red Wings, Nordwind, S7 Airlines, I-Fly and Yamal Airlines have been recognized by the US Department of Commerce as export control violators and included in the sanctions list. The introduced restrictions will affect maintenance, refueling and provision of aircraft with spare parts.
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Under the new US sanctions fell: the former owner of EuroChem Andrey Melnichenko (9th place in the Russian Forbes-2022 rating, his fortune is estimated at $11.1 billion) the head of the board of directors of MMK Viktor Rashnikov (18th place in Forbes-2022, $6.6 billion) co-owners of PhosAgro Andrey Grigoryevich and Andrey Andreyevich Guryev (24th place, $4.8 billion) co-owner of Sheremetyevo Alexander Ponomarenko (47th place, $1.9 billion) former member of TMK’s council director Dmitry …
Also under the sanctions were the heads of administrations in the territories that came under Russian control after the start of the operation in Ukraine: the head of Mariupol Konstantin Ivashchenko, the head of the military-civilian administration of the Kherson region Vladimir Saldo, his deputy Kirill Stremousov.
In addition to them, the list includes the head of the board of directors of the National Media Group, Alina Kabaeva, the deputy head of the Innopraktika Foundation, TV presenter Natalia Popova.
In addition, the list included the Magnitogorsk Iron and Steel Works (MMK), the Promising Industrial and Infrastructure Technologies Joint Stock Company and the State Transport Leasing Company (GTLK), the Skolkovo Technopark and the Skolkovo Foundation, the Moscow Institute of Physics and Technology (MIPT) and Skolkovo Institute of Science and Technology.
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The United States has extended visa restrictions to 893 Russian officials, including members of the Federation Council and military personnel. This is stated in the statement of the US State Department.
In addition, more than 30 foreign officials who previously acted in support of the annexation of Crimea to Russia fell under US sanctions.
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The first dry cargo ship with corn, which left the port of Odessa, arrived in Istanbul, the Turkish Ministry of Defense announced on the evening of August 2.
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China adheres to the strategy of self-defense in the nuclear field and not to be the first to use nuclear weapons, Fu Cong, director of the Foreign Ministry’s arms control department, said at a conference of countries parties to the Nuclear Non-Proliferation Treaty (NPT) in New York.
“China <...> undertakes never to be the first to use nuclear weapons under any circumstances,” he said (quoted by TASS).
The diplomat noted that the country’s stocks of nuclear weapons are «at the minimum necessary level to ensure national security,» and added that Beijing does not compete with other states in this area and does not participate in arms races.
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In the first half of this year, state-owned companies signed 391.6 thousand contracts with small and medium-sized businesses (SMEs) for 2.1 trillion rubles, which is 42% less than the same indicator last year (3.6 trillion rubles), the report says. Ministry of Finance of the Russian Federation on the results of procurement monitoring.
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The Prime Minister of Australia announced the start of the first readiness test of the Australian army in 10 years. Anthony Albanese cited a «growing security threat» as the reason.
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In South Africa, protests began in connection with rising energy prices and falling living standards. Authorities said two people were killed in an alleged police shooting.
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China has warned airlines against flying near Taiwan until August 7. The reason for the restrictions was the military exercises that Beijing is holding in response to the visit of the speaker of the US House of Representatives Nancy Pelosi to Taiwan.
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AvtoVAZ offered the employees of the plant in Izhevsk, which produces Lada Vesta, the payment of 5-7 average salaries and assistance in finding employment for voluntary dismissal.
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Nancy Pelosi visited Taiwan’s parliament and met with Chief of Staff Tsai Ing-wen. Right during the visit of the speaker of the US House of Representatives, China imposed sanctions against the island: it banned the import of citrus fruits and certain types of fish products and suspended the supply of sand to Taiwan.
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Washington’s support for Taiwan is unwavering, Nancy Pelosi said at a meeting with Taiwan’s chief executive Tsai Ing-wen. The United States will not abandon its obligations regarding the disputed island, the speaker of the House of Representatives of the US Congress assured.
Taiwan will not succumb to the demands and «increased military threats» of the Chinese authorities and will hold the «democracy defense line,» Tsai Ing-wen said in response.
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Nancy Pelosi left Taiwan. The plane carrying the speaker of the U.S. House of Representatives headed for Seoul, the next destination on her tour of the region.
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In Switzerland, Alexander Pumpyansky, the son of the Ural billionaire Dmitry Pumpyansky (worth $ 1.9 billion), lived most of his life, received citizenship there six years ago and had three children, for whom even their native language is not Russian, but French. But now he has to live in Turkey, because in Switzerland they blocked all his accounts — and all because of the sanctions that he and his father fell under back in March.
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Mining Ferrexpo with assets in Ukraine in January-June 2022 received a net profit of $82.07 million, which is 8.1 times less than in the same period in 2021, the company said in a report.
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In the second quarter of 2022, the net profit of the German automaker Bayerische Motoren Werke AG (BMW) decreased by 1.7 times to 3.05 billion euros against 4.79 billion euros a year earlier.
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French Energy Transition Minister Agnès Pannier-Runachet announced that the country’s gas storage facilities are 80% full, with a further 20% expected by November 1st.
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Aurelio De Laurentiis, President of the Italian football club Napoli, has announced that he will no longer sign a contract with players representing the African continent.
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American accommodation booking service Airbnb Inc. first reported a profitable second quarter after going public. The company said it intends to buy back $2 billion worth of its shares on the back of business confidence.
Airbnb posted net income of $379 million, or $0.56 per share, in April-June 2022, compared to a loss of $68 million, or $0.11 per share, in the same period a year earlier. Airbnb’s revenue increased 1.6 times to $2.19 billion from $1.34 billion in the same quarter of 2021.
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Specialists from the Joint Coordination Center in Istanbul have completed the inspection of the Razoni dry cargo ship with 27,000 tons of corn from Ukraine on board, Anadolu agency reports. Now, as expected, the ship will head for Lebanon.
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The Spanish authorities have taken a number of measures to reduce the need for gas, which have caused controversy in society, according to Euronews. In particular, offices, shops and other establishments are forbidden to set the temperature of air conditioners below 27°C in summer, and to raise the heating temperature above 19°C in winter.
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Dutch Prime Minister Mark Rutte has broken the longest-serving record, writes Euractiv. He has been head of government for more than 11 years and on Tuesday was one day ahead of the previous record holder, Ruud Lubbers, who ruled in the 1980s and early 90s.
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Exports from Germany grew by 4.5% compared to the previous month and amounted to a record 134.3 billion euros, according to the Federal Statistical Office. This is the third increase in a row after rising 1.3% in May and 4.6% in April.
Most of the products were exported to the USA. German goods are also in great demand in China, Great Britain, and EU countries.
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The Anapa Invest company, associated with the structures of the AVA Group holding, bought a full stake in the Scientific and Experimental Marine Biotechnology Center Bolshoi Utrish for 1.8 thousand rubles, RBC Krasnodar reports with reference to data from the website of the Russian Auction House .
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Myanmar is a long-standing partner of Russia and a friendly state, Foreign Minister Sergei Lavrov said at a meeting with Foreign Minister Wunna Maun Lwin, RIA Novosti reports.
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Scientists from the Massachusetts Institute of Technology have come up with proton resistors for an artificial brain to replace silicon transistors. They are a million times faster than the neurons in the human head. Neurons can be quite large, but proton resistors can be thousands of times smaller.
As a result, it will be possible to fit such a powerful analog processor into the volume of the brain that it will turn out to be something unimaginable by modern standards. A neural network in the volume of such an analog processor is created instantly, and the processor in the form of an array of resistors works like a normal one, only the data does not need to be moved between the processor and memory during processing. And this speeds up processing and saves consumption, because no data is sent outside the processor.
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