Thursday, September 10
One last time since President Donald Trump nominated him to lead the U.S. central bank in late 2017, Federal Reserve Chair Jerome Powell on Friday will walk through the Jackson Lake Lodge's expansive lobby, past the taxidermied grizzly bear, and into a ballroom lighted with elk-antler chandeliers to deliver a speech at the global central bankers' influential symposium in Wyoming. In his seven previous Jackson Hole speeches, Powell has touched on a range of issues, from esoteric economic concepts and monetary policy history lessons to pledges of policy support through the COVID-19 pandemic and the central bank's determination to win the inflation war that followed. Each speech, too, has included some measure of preview for the Fed's next interest rate moves, and that above all else is why P
India's Nayara Energy Ltd., which is facing EU sanctions for its partial ownership by Russian oil giant Rosneft, is relying on a shadow fleet to import oil and transport refined fuels, according to shipping reports and LSEG flows, Reuters reported. Nayara, which controls about 8% of India's 5.2 million barrel-per-day refining capacity, has been struggling to transport fuel since being placed under EU sanctions in July, a move that prompted shippers to back out, forcing the refiner to cut its crude runs.India, the world's third-largest oil importer and consumer, does abide by United Nations sanctions but not unilateral actions, such as sanctions on Russian oil by Western countries. That's why it allows refiners to import oil and ship products in vessels under EU sanctions. Such vessels are
