EU Sanctions Against India's Nayara ‘Unjustified,' Rosneft Says
The European Union on Friday adopted the 18th package of restrictions targeting Russia and its oil trade in condemnation of the invasion in Ukraine. The measures included sanctions against the Indian crude-processing facility, in which Rosneft holds 49.13%, as the bloc seeks to reduce the Kremlin's energy revenues that have been supported by Russian crude exports to India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Liberty Energy (LBRT) Jumps 15.77% on New Energy Deal
We recently published . Liberty Energy Inc. (NYSE:LBRT) is one of the biggest performers recently. Liberty Energy saw its share prices jump by 15.77 percent week-on-week, ending at $13.14 on Friday versus the $11.35 the week before, as investors cheered its newly clinched deal with Oklo Inc. (NYSE:OKLO) to support energy development and strong power demand in the US. Last week, Liberty Energy Inc. (NYSE:LBRT) and Oklo Inc. (NYSE:OKLO) announced that joined forces to accelerate integrated power solutions for large-scale, high-demand customers, including data centers, industrial facilities, and utility-scale sites. Under the agreement, Liberty Energy Inc.'s (NYSE:LBRT) natural gas power generation and load management solution will provide initial reliable primary power and flexible energy services, along with future grid management services focused on optimization and resiliency. As Oklo's Aurora powerhouses come online, they will be integrated to provide clean, continuous baseload energy, complementing its partner's natural gas power. 'Our strategic alliance with Oklo advances a power strategy aimed at accelerating deployment for sophisticated, large load customers. This innovative approach redefines how today's most energy-intensive industries can scale efficiently with cost-effective, next-generation power solutions, combining rapid deployment, intelligent load management, and integrated grid management,' said Liberty Energy Inc. (NYSE:LBRT) CEO Ron Gusek. While we acknowledge the potential of LBRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
What have the US and EU agreed on trade?
The EU and US have agreed a trade deal that will hit most European imports with a 15 per cent tariff and require the bloc to invest
Yahoo
18 minutes ago
- Yahoo
Baker Hughes (BKR) Gets 16% Boost from Q2 Earnings, Dividend Declaration
We recently published . Baker Hughes Company (NASDAQ:BKR) is one of the biggest performers recently. Baker Hughes surged by 15.94 percent week-on-week, finishing at $46.05 on Friday versus the $39.72 the week earlier, as investor sentiment was bolstered by its second quarter earnings performance and declaration of cash dividends to shareholders. In its earnings release, Baker Hughes Company (NASDAQ:BKR) said attributable net income increased by 21 percent to $701 million from $579 million in the same period last year, pushing its six-month attributable profit up by 6.8 percent to $1.1 billion from $1.03 billion year-on-year. Revenues, on the other hand, dipped by 2.8 percent to $6.9 billion from $7.1 billion during the quarter, and by 1.5 percent to $13.3 billion from $13.5 billion in the six-month period. According to Baker Hughes Company (NASDAQ:BKR), the performance reflected the benefits of structural cost improvements and continued deployment of business systems that are driving higher productivity, stronger operating leverage, and more durable earnings across the company. Photo by Lukáš Lehotský on Unsplash Part of the strong performance is also attributed to the strong demand for energy from data centers. Following the performance, Baker Hughes Company (NASDAQ:BKR) said that its board of directors approved the distribution of $0.23 cash dividends to all Class A common shareholders as of August 5. The dividends are payable on August 15, 2025. While we acknowledge the potential of BKR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
