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Annual growth accelerated to 5.5% in the third quarter from 4.9% in the previous one. The result, the fastest pace of growth in more than a decade aside from a spike when Russia exited Covid lockdowns, exceeded the expectations of all economists surveyed by Bloomberg.

Exxon Mobil Corp. is close to a $58 billion deal to buy Pioneer Natural Resources Co., underpinning a bet that oil and gas will remain central to the world’s energy mix for decades no matter what path nations take toward a lower-carbon future.

Russia’s Urals blend traded at an average $83.08 a barrel, up more than 20% year-on-year and exceeding the price cap for a third straight month that the Group of Seven nations imposed to try to limit the Kremlin’s war chest

Russia’s current-account surplus unexpectedly rebounded in the third quarter to $16.6 billion as the central bank reported improving foreign trade including in energy sales.

prices for Russian crude are now closer to $100 a barrel than to the $60 set in the cap.

Oil Jumps to One-Year High as Cushing Stocks Hit Critical Levels

Flood of Russian Wheat Halves World Prices From Wartime High. Nation set to export record volumes of wheat for a second year

Bloomberg: Russia's GDP has reached the pre-sanctions level of 2021. By the end of 2023, GDP growth may reach the level of 2.5-2.8 percent"

As crude futures leap higher, traders and analysts are increasingly talking about when - not if - prices return to $100 a barrel. Across the world, premiums for physical barrels are surging. Supplies from the Middle East, Azerbaijan and even Russia are commanding premiums as refiners clamber to make enough diesel ahead of a seasonal ramp up in demand.

Russian Budget Swings to Surplus Despite Plunging Energy Revenue. Russia’s budget moved back into the black last month, as the government dials back spending and a surge in non-oil income makes up for a drop in energy revenues. The surplus in August reached almost 456 billion rubles ($4.7 billion) in one of the biggest monthly hauls this year, according to Bloomberg calculations

EU imports record volumes of liquefied natural gas from Russia

The Russian government identifies China and Saudi Arabia as top priority nations that it believes can not only help block renewed sanctioning attempts but may also lobby others on Moscow’s behalf. Both Beijing and Riyadh have adopted mostly neutral stances on the war, with both also looking to play the role of potential brokers.

Saudi Arabia and Russia are Teaming Up to Send Oil Prices Higher

Russia Sees Economy Growing Next 3 Years Despite Sanctions, War. Economy ministry forecasts show growth at pre-Covid levels. Russia benefits from re-routed trade, more military production

Breakout in crude oil as OPEC+ supply cuts tighten market. Option bets on $100 oil are also rising as supplies tighten

As headline oil prices (CO1) edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.

Russia’s economy ended four quarters of contraction with a bigger growth spurt than forecast, putting it on track to return to its pre-war level as soon as next year as it adapts to the impact of international sanctions. GDP expanded 4.9% in second quarter, topping most forecasts. The turnaround is defying predictions of a prolonged slump in response to the sanctions imposed over the February 2022 invasion of Ukraine. GDP may reach its pre-war size by the middle of next year.

Solomon indicated fossil-fuel divestment was a stupid movement and that if the students traveled to countries like China, India and Cambodia they could see how the world “really worked” before deciding if they wanted to live like that. Shortly after, in June, Solomon convened a Goldman Sachs board meeting in India.

Russia’s crude breached the price cap set by the Group of Seven nations, while revenue from oil exports soared to an eight-month high, according to the International Energy Agency. The price of the country’s seaborne crude shipments last month jumped to $64.41 a barrel on a weighted average, “smashing” the $60 price limit set last year by the G-7, the IEA said in latest monthly report.

Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.

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Since Russia’s invasion of Ukraine, the U.S. oil and gas sector has boosted exports to the point where the U.S. is at the top of the world’s energy-exporting nations. This week new data from the U.S. government showed the U.S. exported a record 11.1 million barrels a day of oil and refined products.

Shell Plc’s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security.

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US President Joe Biden went off-script during his State of the Union speech last week and said: “We’re going to need oil for at least another decade.” In Europe, Shell Plc signaled it will stop accelerating spending on renewable energy, while BP Plc slowed its planned reduction of oil and gas output.

The change of course was triggered by Russia’s invasion of Ukraine, which shifted governments’ focus back to energy security and created a huge gap in Europe’s oil and gas supplies that the majors are well placed to fill. “Oil production will be back above 2019 levels,” said BP Chief Executive Officer Bernard Looney, a change in tone from 2020 when he suggested that peak demand may already have been reached. “Demand for this product is strong.”

Big Oil is fashionable again in London and Paris. After a year of record profits, Europe’s supermajors are shifting their focus back to fossil fuel production despite the implications for their pledges to reduce CO2 emissions. It’s an approach already familiar to American giants Exxon Mobil Corp. and Chevron Corp., whose vision of the future has always stayed close to their oily core.

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Is admission for february 2023 opened?

Is admission for february 2023 opened?

Is admission for february 2023 opened?

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I have applied. The application process was seamless

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I am facing a problem while applyinh

I have 5.5 bands in IELTS and 48% marks in Intermediate computer science 2020 so let me know is it possible for me to get admission here. Please sir tell me

I have 5.5 bands in IELTS and 48% marks in Intermediate computer science so let me know is it possible for me to get admission here. Please sir tell me.

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