Russia Halts Diesel Exports, Stoking Energy Worries; Ukraine Gets New U.S. Aid; Credit Card Losses Climb

Russia halts diesel exports amid winter energy concerns and speculation about weaponizing energy supplies. This raises uncertainty about impact on global energy markets.
House faces looming government shutdown as fiscal year-end approaches. Stopgap funding bill likely but some in GOP resist, risking shutdown.
U.S. announces new military and financial aid package for Ukraine of over $300 million. Comes amid Zelensky's White House visit.
Credit card losses surge rapidly, approaching Great Recession levels, prompting concerns in financial sector.
Immigration rise eases U.S. labor shortages and inflation pressures, potentially aiding hopes for a soft economic landing.

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Relevant topic timeline:

9/6/2023

G7 shelves regular Russian oil cap reviews as prices soar, sources say

The G7 and its allies have halted regular reviews of the Russian oil price cap scheme, allowing Russian producers to sell oil above the limit due to a rally in global crude prices and the use of non-Western ships and insurance services.

9/21/2023

Russia Bans Fuel Exports to Stabilize Domestic Market Amid Shortages

Russia has temporarily banned exports of gasoline and diesel to countries outside of four ex-Soviet states in order to stabilize the domestic market and reduce prices for consumers.

9/22/2023

Oil Prices Rise on Supply Concerns After Russia Bans Fuel Exports

The recent global supply concerns caused by Russia's fuel export ban are driving up oil prices, counteracting the demand fears driven by macroeconomic headwinds and high interest rates.

10/6/2023

Russia Lifts Ban on Diesel Exports, Removes Bulk of Fuel Export Restrictions

Russia has lifted the ban on pipeline diesel exports via ports, which were installed on September 21st, however, restrictions on gasoline exports are still in place.

10/6/2023

Fuel prices set to fall as oil price plummets after Russia lifts export ban

Diesel prices are expected to decrease after Russia lifted a ban on oil exports, causing a drop in global supplies and a decrease in fuel costs.

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Posted 9/25/2023, 3:21:00 PM

Russia Halts Diesel Exports, Stoking Energy Worries; Ukraine Gets New U.S. Aid; Credit Card Losses Climb

Russia halts diesel exports amid winter energy concerns and speculation about weaponizing energy supplies. This raises uncertainty about impact on global energy markets.
House faces looming government shutdown as fiscal year-end approaches. Stopgap funding bill likely but some in GOP resist, risking shutdown.
U.S. announces new military and financial aid package for Ukraine of over $300 million. Comes amid Zelensky's White House visit.
Credit card losses surge rapidly, approaching Great Recession levels, prompting concerns in financial sector.
Immigration rise eases U.S. labor shortages and inflation pressures, potentially aiding hopes for a soft economic landing.

kitco.com

Relevant topic timeline:

9/6/2023

G7 shelves regular Russian oil cap reviews as prices soar, sources say

9/21/2023

Russia Bans Fuel Exports to Stabilize Domestic Market Amid Shortages

Russia has temporarily banned exports of gasoline and diesel to countries outside of four ex-Soviet states in order to stabilize the domestic market and reduce prices for consumers.

9/22/2023

Oil Prices Rise on Supply Concerns After Russia Bans Fuel Exports

The recent global supply concerns caused by Russia's fuel export ban are driving up oil prices, counteracting the demand fears driven by macroeconomic headwinds and high interest rates.

10/6/2023

Russia Lifts Ban on Diesel Exports, Removes Bulk of Fuel Export Restrictions

Russia has lifted the ban on pipeline diesel exports via ports, which were installed on September 21st, however, restrictions on gasoline exports are still in place.

10/6/2023

Fuel prices set to fall as oil price plummets after Russia lifts export ban

Diesel prices are expected to decrease after Russia lifted a ban on oil exports, causing a drop in global supplies and a decrease in fuel costs.