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Boeing’s 747, the original jumbo jet, prepared for final send-off

Final 747 freighter to be delivered to Atlas Air Ends more than five decades of commercial output Nearly bankrupt Boeing, before becoming a cash cow Easy to fly, says rock star-pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – Boeing’s (BA.N) 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see …

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Russia sends more Arctic oil to China, India after sanctions

SINGAPORE/NEW DELHI, Jan 5 (Reuters) – Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show. Arctic grades Arco, Arco/Novy Port and Varandey do not normally head East but are …

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Russia outlines plan for ‘unfriendly’ investors to sell up at half-price

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Dec 30 (Reuters) – Foreign investors from “unfriendly” countries selling stakes in Russian assets may have to do so at half-price or less, the finance ministry said on Friday, with the Russian budget potentially taking a 10% …

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Putin bans Russian oil exports to countries that implement price cap

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 27 (Reuters) – President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months …

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European shares gain on China recovery optimism

Luxury stocks, commodities pop as China eases COVID curbs Leonteq briefs after 2022 profit expectations cut German businesses expect only mild recession as disruptions ease STOXX 600 up 0.4% Dec 27 (Reuters) – European shares climbed on Tuesday, tracking a global rally in equities after China further relaxed its COVID-19 curbs, raising hopes of a …

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Analysis: Argentina’s Vaca Muerta shale boom is running out of road

ANELO, Argentina, Dec 27 (Reuters) – Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth. The government is now racing to build …

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Russia’s Sberbank urges Glencore to resolve dispute over oil bill

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 26 (Reuters) – Sberbank (SBER.MM) on Monday accused Glencore (GLEN.L) of choosing not to foot a bill for oil supplied via the Russian lender, saying the global commodities trader could have found a way to pay …

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