
Russia Keeps Crude Exports Flowing Ahead of Trump-Putin Summit
Four-week average crude shipments fell for a third week in the latest data, while seven-day flows rebounded. Seaborne cargoes averaged 3.11 million barrels a day in the four weeks to Aug. 10, down by about 3% from a revised 3.21 million barrels a day for the period to Aug. 3, tanker-tracking data compiled by Bloomberg show.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Nvidia, AMD Agree to 15% Export Levy on China AI Chips
Nvidia (NVDA, Financials) and Advanced Micro Devices (AMD, Financials) will give the U.S. government 15% of revenue from certain AI chip sales to China in return for export licenses, the White House said Tuesday. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The agreements cover Nvidia's China-specific H20 chip and AMD's equivalent processors, designed to meet U.S. export limits. President Donald Trump negotiated the deals, which could be extended to other firms. Trade lawyers say the plan may violate federal rules banning export taxes and limiting licensing fees, setting up potential legal fights. Nvidia's H20 had been projected to bring in over $8 billion in quarterly sales before the new restrictions. Investors will be watching whether Chinese chipmakers' push to replace U.S. tech eats into demand. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Brazil is open for business, Lula says at Chinese factory opening
SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies that want to do business in Brazil are welcome, speaking at the opening ceremony for a factory for Chinese automaker GWM in the state of Sao Paulo. "Count on the Brazilian government. Whoever wants to leave, leave. Whoever wants to come, we welcome you with open arms," Lula said at the ceremony. During his speech, Lula criticized the 50% tariffs on Brazilian goods imposed by U.S. President Donald Trump, and said that his country is facing an "unnecessary turbulence." Lula said in an interview with Reuters earlier this month that he would initiate a conversation at the BRICS group of developing nations, which includes China, about how to tackle Trump's tariffs. The leftist leader noted that in the past automakers Ford and Mercedes have decided to scale back their operations in Brazil, but celebrated the arrival of other companies, like China's GWM . Brazil is always open to negotiating business, he stressed. GWM's Brazilian arm has capacity to produce 50,000 vehicles per year and is expected to generate more than 2,000 jobs in the future when it begins exporting vehicles to Latin America, according to a press release. Brazil's auto exports are expected to grow 38.4% in 2025 compared to 2024, reaching 552,000 units, data from automakers association Anfavea showed last week. Sign in to access your portfolio


The Hill
22 minutes ago
- The Hill
Bolton: No Ukraine, Russia peace deal ‘anywhere in the near future'
John Bolton, President Trump's former national security advisor, doubled down on his view that the president's summit with Russian President Vladimir Putin in Alaska will not result in a peace deal. 'I don't think there's a peace deal anywhere in the near future,' Bolton told CNN's Jake Tapper on Friday. 'As long as Putin is advancing on the battlefield, even if it's three yards in a cloud of dust, he's not going to give up anything if he can get away with it,' he added. 'And I think here, I think the White House has lowered expectations precisely for the reason that it's too complicated to handle here.' Trump is meeting with Putin after greeting him at the airport earlier on Friday, shaking hands with the Eastern European leader. Days before the meeting, the White House lowered expectations around the talks, calling the historic meeting a 'listening session' and 'feel-out meeting.' Trump this week also promised European leaders and Ukrainian President Volodymyr Zelensky that he would not negotiate giving up any Ukrainian territory with Vladimir Putin. 'They'll be discussed, but I've got to let Ukraine make that decision. And I think they'll make a proper decision. But I'm not here to negotiate for Ukraine. I'm here to get them at a table,' Trump said on Friday about Ukrainian territories. Bolton, in his Friday CNN interview, continued to criticize Trump strategy on the Russia-Ukraine war. 'And I think the real measure of what we do here is to consider the failures of the past three and a half years, to have a strategy on our side to do what was the stated position of every NATO member, the full restoration of Ukrainian sovereignty and territorial integrity,' he said. Bolton previously argued that the meeting is benefiting Russia. Putin's visit to Alaska is first time on U.S. soil since 2015. 'I think Putin has the initiative here, and I think his — what he's going to try to do is show to Trump that he has a peace plan and that it's sincere, even though I don't think it will be,' he said on Wednesday on CNN's 'AC360″ with Anderson Cooper.