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Dublin Port invests €3.4 million in new refrigerated container infrastructure, boosting cold chain capacity and resilience
hellenicshippingnews57d ago

Dublin Port invests €3.4 million in new refrigerated container infrastructure, boosting cold chain capacity and resilience

Peter Burke T.D., Minister for Enterprise, Tourism and Employment was at Dublin Port today to mark the delivery of new cold chain infrastructure. The Port has signed an eight-year licence agreement with Doyle Shipping Group (DSG) to operate new reefer gantries positioned on four purpose-built steel frames at the DSG container terminal on Alexandra Quay ...

#ECONOMY
Oil exports have been a cash cow for Russia. But revenues are dwindling, thanks to sanctions
hellenicshippingnews57d ago

Oil exports have been a cash cow for Russia. But revenues are dwindling, thanks to sanctions

Oil and gas exports have sustained Russia’s finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years. It’s the result of new punitive measures from the U.S. and the European Union, U.S. President Donald Trump’s tariff pressure ...

#ECONOMY
Oil prices rise with US-Iran tensions, econ. data in focus
hellenicshippingnews57d ago

Oil prices rise with US-Iran tensions, econ. data in focus

Oil prices rose in Asian trade on Thursday as persistent concerns over geopolitical tensions between the U.S. and Iran saw traders price in a greater risk premium for crude. Markets were also digesting some signs of strength in the U.S. economy, although a sharp increase in U.S. inventories limited bigger gains. Brent oil futures for ...

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Unexpected surge in EIA crude oil inventories signals weaker demand
hellenicshippingnews57d ago

Unexpected surge in EIA crude oil inventories signals weaker demand

In a surprising turn of events, the Energy Information Administration’s (EIA) latest report on crude oil inventories revealed a significant increase, indicating a weaker demand for crude oil. The actual number of barrels of commercial crude oil held by US firms rose to 8.530 million, a stark contrast to the forecasted decrease of 0.200 million. ...

#ECONOMY
Russia’s oil revenues dwindle as sanctions bite, hitting economy
hellenicshippingnews57d ago

Russia’s oil revenues dwindle as sanctions bite, hitting economy

The Kremlin has resorted to higher taxes and borrowing to fill the gap left by dwindling oil revenues and slower economic growth. Oil and gas exports have sustained Russia’s finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen ...

#ECONOMY
news4social57d ago

Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‐Reward Setup

Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‐Reward Setup Bitcoin’s (BTC) recent pullback may be less about crypto‐specific weakness and more about macroeconomic fears, according to André Dragosch, Bitwise’s Head of Research for Europe. In a social media post published Wednesday, Dragosch argued that the world’s largest cryptocurrency appears to be pricing [...]

#CRYPTO#COMMODITIES