Wall Street Journal (July 1)
“Once one of the world’s main exporters of petroleum products, Russia has banned exports of gasoline and jet fuel for months as Ukrainian attacks intensified. On Sunday, Putin said he is considering a ban on exporting diesel.” Facing an uneven, but widespread shortage, the government now plans to begin importing oil. Lines for gas currently range from hours-long to overnight or even longer. One local government even “started providing portable toilets alongside mileslong fuel lines.” The situation will probably get worse since “the tempo of Ukrainian attacks” has vastly “outpaced Russia’s ability to maintain its refineries, a task already constrained by international sanctions that ban the import of needed equipment.”
Tags: Attacks, Ban, Diesel, Exports, Gasoline, Government, Hours-long, Importing, Jet fuel, Outpaced, Overnight, Petroleum, Refineries, Russia, Sanctions, Shortage, Ukraine
Mortgage News Daily (March 15)
“As of Tuesday, the global financial market was able to say it had gone ‘2’ days without a systemic banking contagion flare up. But that number dropped to ‘0’ in the overnight trading session as investors aggressively sold Credit Suisse stock.”
Tags: Aggressively, Banking contagion, Credit Suisse, Financial market, Flare up, Global, Investors, Overnight, Stock, Systemic, Trading session
Washington Post (August 3)
“If it seems like a barrage of extreme rain events has been wreaking havoc across the country over the past week, you’re not imagining things. The latest resulted from an overnight deluge in central and southeastern Illinois.” This was “the third 1-in-1,000-year rain event in the Lower 48 states in about a week,” with two of the events striking in just two days.
Tags: Barrage, Deluge, Extreme, Illinois, Overnight, Rain events, Week, Wreaking havoc
