Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

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The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the letter, which […]

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Electric Buses Are Hurting the Oil Industry

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About 279,000 barrels a day of fuel won’t be needed this year China adds a London-sized electric bus fleet every five weeks Source: Bloomberg New Energy Finance For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market, according to BNEF calculations. This year, […]

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Chinas Vast Intercontinental Building Plan Is Gaining Momentum

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Here’s a Quicktake on what Xi describes as the ‘project of the century’ The program isn’t without controversy: debt began operations last year, allowing crude supplies from the Middle East and Africa to reach China faster as shipments no longer need to be transported through the Straits of Malacca and the South China Sea. The […]

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