Hints and tips:
...in trading Russian oil....
...It can process 320,000 barrels of oil a day, about a fifth of Italy’s refining capacity....
...Despite falling more than 1 per cent on Monday after Israel said it had withdrawn its troops from Khan Younis in southern Gaza, easing fears that the conflict would escalate, Brent is up about 16 per cent...
...The tie-up, announced earlier this week, will encounter scrutiny in Washington, where regulators appointed by President Joe Biden have unleashed a crackdown on anti-competitive conduct across the US economy...
...Biden has also sought to crack down on anti-competitive conduct in business through the appointment of progressive officials in senior roles, including FTC chair Lina Khan....
...Mercury LLC, a company operating in the Syrian oil sector and sanctioned by the EU in 2021, generated sales of $67mn in the three years before the designation but declared zero revenues afterwards....
...Advisers argue that regulatory intervention is unlikely as Washington gears up for next year’s presidential election....
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
...He said the South American country had benefited from the easing of US sanctions on its oil industry in October and the entry of US companies such as Chevron....
...More from my colleagues in Washington here....
...He has previously compared technology to the “new oil” in the US economy....
...Additional reporting by Stefania Palma in Washington...
...All the Goldmanites need to do is “keep the oil tanker cruising”....
...He told the Financial Times last year that tech was “the new oil” and that the government should ensure “the law and our enforcement programme is calibrated to its realities”....
...Officials in Washington have said the sanctions will be reinstated if political prisoners are not released and bans on opposition candidates are not lifted....
...Lina Khan, Federal Trade Commissioner under Biden, threatened much but changed little. However, with Trump nothing is certain....
...Billionaire donors cool on Ron DeSantis over rightwing policies (FT) Julius Baer/Credit Suisse: wealth manager is unclear fallout shelter (Lex) Chevron waives retirement age for CEO and reports strong oil...
...Venezuela’s revolutionary socialist government has trumpeted what it calls an “overwhelming victory” in a referendum on its claim to an oil and mineral-rich swath of neighbouring Guyana....
...The FT’s Antoine Gara, Eric Platt and James Fontanella-Khan report that software buyouts group Thoma Bravo was prepared to beat Silver Lake’s takeover price for Qualtrics, but was stymied by antitrust fears...
...The feud, detailed in this Big Read by DD’s Sujeet Indap and James Fontanella-Khan, isn’t the only problem weighing on the firm....
...Boone Pickens and Getty Oil and for pioneering the aggressive soliciting of new clients, rather than relying on longstanding relationships to pull in deals....
...Washington has reassured Rome that Italian lenders will not face sanctions if they provide financing to a Russian-owned refinery in Sicily, as the Italian government rushes to keep the country’s largest...
...Grant Shapps, secretary for energy security and net zero, called Labour’s plans to halt new oil and gas licences in the North Sea “a policy of self-harm”....
...In Washington, FTC chair Lina Khan is fighting to maintain her own reputation as an opponent of anti-competitive deals after the California judge rejected the regulator’s request to block the Activision...
...But it also comes against an increasingly grim geopolitical backdrop, with tensions rising between Beijing and Washington particularly around technology....
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