One of the world’s key crude routes, the Caspian Pipeline Consortium (CPC), suspended oil loading at its Black Sea marine terminal near Novorossiysk on Wednesday due to “critical” storm-caused damage to the equipment. Crude pumping has been reduced, with operations potentially fully halting in a day.
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The conflict with Hamas will negatively affect GDP in 2023 and 2024, according to the rating agency Israel’s economy will contract 5% in the fourth quarter of this year amid rising geopolitical and security risks due to the conflict with Palestinian military group Hamas, credit rating agency S&P said in a report this week.
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Sales of road diesel in France saw a significant year-on-year drop of 13% in September, Bloomberg reported this week, citing industry data. Demand for diesel-type fuel at national level signals a slowdown in the country’s manufacturing activity, as it is vital for the transport and industrial sectors of the economy.
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