In another effort to lessen the impact of the US ban on imports of Russian oilUS State Department senior adviser Amos Hochstein said early Wednesday that The United States and other nations would consider releasing more barrels of oil from reserves, if necessary.. Featured Comments “The Biden administration continues trying to mitigate the rising cost […]
Tag: United States
Relaxation of Venezuelan sanctions on the direct supply of oil to the US.
In an attempt to increase the supply of oil considering the US move to ban Russian imports, Reuters now reports that US officials have demanded that Venezuela supply at least a portion of oil exports to the United States. The request occurs as part of any agreement to ease oil trade sanctions on the OPEC […]
US President Biden announces ban on imports of oil, gas and energy from Russia
Unsurprisingly, in a public speech at the White House, United States President Joe Biden, announced a ban on all Russian imports of oil, gas and energy. The decision was made in consultation with US allies, Biden added, noting that he understood that many European allies that do not produce as much energy cannot join the […]
Putin will likely remain undeterred and may escalate assault on Ukraine – Avril Haines
The Director of National Intelligence of the United States, avril hainessaid on Tuesday that Russian President Vladimir Putin is likely to remain undeterred and may further escalate the assault on Ukraineas reported by Reuters. The Russian invasion of Ukraine “has produced a shock to the geopolitical order”, he continued, stating that Moscow underestimated the strength […]
US Considers Going Without Allies on Ban on Russian Oil Imports – Bloomberg
As the crisis between Russia and Ukraine takes hold, The United States and its NATO allies are contemplating a ban on Russian oil imports.which would cripple Moscow while completely cutting it off from the rest of the world. Having said that, “the Biden administration is considering whether to ban Russian oil imports to the United […]
We are looking at options to reduce US consumption of Russian energy
The White House confirmed earlier reports on Friday that it is looking at options to reduce US consumption of Russian energy, Reuters reported. The White House called Russia’s attack on a nuclear plant in Ukraine “the height of irresponsibility” and said targeting civilian infrastructure would constitute a war crime. An internal review is underway before […]
Nonfarm payrolls rise by 678,000 in February, beating expectations of 400,000
Non-Farm Payrolls rise by 678,000, exceeding expectation of 400,000 Unemployment rate falls to 3.8% vs. 3.9% expected. The dollar fell slightly after the data. The February’s official report from the United States showed, in general, figures better than expected. The positive in terms of job creation was overshadowed by a stagnation in hourly earnings. The […]
When is the US ISM Services PMI and how could it affect EUR/USD?
US ISM Services PMI Overview The Institute for Supply Management (ISM) will publish the Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI, at 15:00 GMT this Thursday. The indicator is expected to rise to 61 in February from 59.9 in the previous month. With the Fed looking more at inflation than […]
Labor costs rise 0.9% in the fourth quarter, more than the 0.3% expected
The data from labor costs of the fourth quarter of 2021 were revised upwards, showing a rise of 0.9% in the unit labor cost index, above the expected increase of 0.3%. The non-agricultural productivity had an increase of 6.6% in the quarter, below the 6.7% previously reported. At the same time, a drop in initial […]
United Nations General Assembly vote demonstrates scope of global outrage – Joe Biden
The president of the United States, Joe Biden, has said that United Nations General Assembly vote to condemn Russia for invading Ukraine “demonstrates the extent of global outrage over Russia’s horrific attack on a sovereign neighbor and shows unprecedented global unity”. Meanwhile, it is not going well for Vladimir Putin, both from the point of […]
