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Share to Twitter Share to Linkedin Gasoline prices are rising again – up more than 30 cents a gallon in the past month and around 15 cents in the last two weeks alone. Motorists should brace for more pain. One reason is that the global market for refined products is about to be upended by the latest European Union (EU) sanctions on Russia’s petroleum industry. On February 5, the EU will ban imports of Russian refined products like diesel, jet fuel, gasoline, and heating oil. While global oil markets have recently handled a similar ban on Russian crude imports quite well, these product sanctions could be far more disruptive. Markets for refined fuels are much more complex than for crude, with refineries configured to process certain types of feedstock crudes and to manufacture varying slates of products, depending on regional demand patterns. The issue for Europe is that it relies on Russia for about 40 percent of its refined product imports and … [Read more...] about EU’s Ban On Russian Diesel To Stoke Turmoil In Global Fuel Markets

(CTN NEWS) – SEOUL – In the contest to lead the party through next year’s general elections, Reps. Kim Gi-hyeon and Ahn Cheol-soo are the two leading candidates. And candidate registration for the leadership election of the ruling PPP commenced on Thursday. The Yoon Suk Yeol administration keeps a tight eye on the race because it wants a Yoon supporter to steer the party through the parliamentary elections. That will determine if Yoon can advance his program in the National Assembly for the remaining five years of his tenure, until 2027. It is widely assumed that Yoon’s office is supporting Kim. Kim Gi-hyeon (R) and Ahn Cheol-soo, lawmakers of the ruling People Power Party who have expressed their intention to run in the party’s leadership race in March, attend a New Year’s meeting of the party’s chapter in Incheon, west of Seoul, on Jan. 11, 2023. (Yonhap) Kim previously held the lead in the race, but current surveys indicate that Ahn has … [Read more...] about Registration For PPP Leadership Races Opens In South Korea

Ukraine Ukraine's defence minister is expected in Paris on Tuesday to meet President Emmanuel Macron amid a debate among Kyiv's allies over whether to provide fighter jets for its war against Russia, after U.S. President Joe Biden ruled out giving F-16s. Ukraine planned to push for Western fourth-generation fighters like F-16s after securing supplies of main battle tanks last week, an adviser to Defence Minister Oleksiy Reznikov said on Friday. Asked at the White House on Monday if the United States would provide F-16s, Biden told reporters: "No." But France and Poland appear to be willing to entertain any such request from Ukraine, with Macron telling reporters in The Hague on Monday that "by definition, nothing is excluded" when it comes to military assistance. In remarks carried on French television before Biden spoke in Washington, Macron stressed any such move would depend on several factors including the need to avoid escalation and assurances that the aircraft … [Read more...] about Western allies differ over jets for Ukraine as Russia claims gains

All products and services featured are independently selected by Forbes Vetted contributors and editors. When you make a purchase through links on this page, we may earn a commission. Learn more Terry Ward , Contributor Forbes Vetted S inger Bob Marley perhaps summed up Jamaica’s laid-back vibes best when he crooned, “Don’t worry about a thing.” With sugary beaches lapped by clear waters and verdant mountains, Jamaica promises the quintessential Caribbean vacation. There are delicious seafood and jerk dishes to sample and vivid sunsets that should be taken in at a beachfront bar to the sound of mellow reggae beats. The third largest island in the Caribbean, Jamaica has diverse landscapes and intriguing culture and history. Your vacation can be intrepid and adventurous or all-out luxurious. The best hotels and resorts in Jamaica offer friendly service, beautiful beaches, world class spas and wellness programs as well as activities for kids, golfers and … [Read more...] about The 10 Best Jamaican Resorts

Share to Twitter Share to Linkedin The U.K. government has given the go-ahead for a controversial tunnel close to the internationally famous Stonehenge standing stones. Transport secretary Grant Shapps unveiled the decision on November 12. On one of his many YouTube videos protesting the plans, historian Tom Holland said: “The Stonehenge Tunnel is not just a tunnel. The government’s plans involve road-building on a massive scale through Europe’s most archaeologically significant prehistoric landscape: the desecration of Britain’s most internationally celebrated World Heritage Site.” There will be many campaigns against the tunnel but Shapps appears to want to go down in history as the transport secretary who “descecrated” Britain’s most famous World Heritage Site. The decision on building a road tunnel close to Stonehenge has been delayed several times. Shapps had been due to announce his decision on July 17. However, after new archeological … [Read more...] about Stonehenge Road Tunnel Gets Go-Ahead Despite UNESCO Saying It Would Trash ‘Outstanding Universal Value’ Of Wider Ritual Landscape

Of the total Rs 27,482 crore of budgetary support, Rs 12,241 crore will be provided by the central government while Rs 15,241 crore will be funded through the DFCC internal accruals. Finance Minister Nirmala Sitharaman allocated Rs 27,482 crore to the Dedicated Freight Corridor Corporation of India (DFCC) for the financial year 2023-24 (FY24), which is 75 percent higher than the Rs 15,710.44 crore allocated for FY23. Of the total Rs 27,482 crore of budgetary support, Rs 12,241 crore will be provided by the central government while Rs 15,241 crore will be funded through the DFCC's internal accruals, according to Budget documents. So far in 2022-23, the government has provided Rs 14,897 crore as budget support to the DFCC, surpassing the provision of Rs 12,134.73 crore made in the Budget of 2022-23 against the central government. Read LIVE updates on Budget here Overall, the DFCC has spent Rs 33,315.71 crore as capital expenditure in 2022-23, much higher than the Rs … [Read more...] about Budget 2023: Govt increases spend on dedicated freight corridors, logistics infrastructure

Bret Kugelmass of Last Energy aims to build his first ten inexpensive, off-the-shelf fission reactors in eastern Europe. An hour west of Houston, where suburban sprawl surrenders to cow pasture, sits a cavernous industrial workshop in which welders and pipe fitters assemble equipment bound for oil refineries and drilling platforms in the Gulf of Mexico. “These guys have been working for decades to modularize components for high pressures and temperatures,” says Bret Kugelmass, 36, the founder and CEO of Washington, D.C.-based Last Energy. That’s why he came here, to VGas LLC, when he wanted a prototype of the small, modular nuclear fission reactors he’s betting could play a big role in cutting down on fossil fuels. Based on Kugelmass’ open-sourced design and using mostly off-the-shelf components, VGas fabricated almost all the parts for a basic small light-water reactor and crammed them into nine shipping container-size modules. It took only two days to bolt them together. … [Read more...] about Inside The Audacious Plan To Use 10,000 Nuclear Microreactors To Wean The World Off Coal

Ukraine The European Union offered strong support for Ukraine at a summit held in Kyiv as air raid sirens wailed on Friday, but set "no rigid timelines" for its accession to the wealthy bloc. President Volodymyr Zelenskiy had hoped the EU would put Ukraine on a rapid road to membership. But he used the summit to step up calls for his allies to deliver long-range weapons to help repel Russian forces besieging the city of Bakhmut and occupying much of the Donbas region in the east of the country. "If weapons (supplies) are quickened, specifically long-range weapons, we not only will not leave Bakhmut, but we will also begin to deoccupy Donbas, which has been occupied since 2014," he told a joint news conference after the summit. Ukrainian forces have held out for months in Bakhmut, where fighting has been fierce. "Nobody will give away Bakhmut. We will fight for as long as we can. We consider Bakhmut our fortress," Zelenskiy said. Read More Air raid sirens … [Read more...] about Ukraine wins EU pledges of support, no promise of fast-track accession

Share to Twitter Share to Linkedin Russia built a dozen special air-defense vehicles specifically for shooting down enemy warplanes in the brutal cold of the snowy Arctic. But the Tor-M2DT had its combat debut in Ukraine, 3,000 miles south of the North Pole. It went badly. In the two months since the first Tor-M2DTs showed up in Ukraine, Ukrainian forces have destroyed at least two of them. One Tor-M2DT came to a bad end shortly after Russian media featured the vehicle in a T.V. segment. The basic Tor air-defense vehicle entered service in 1986. It’s a self-contained, short-range system whose main role is defending combat battalions near the front lines. In January 2020, an Iranian Tor shot down a Ukrainian airliner over Iran after mistaking it for an attacking warplane. All 176 passengers and crew died. There are several Tor variants, but all include a vehicle mounting both a radar and a launcher for up to 16 400-pound missiles, each with a … [Read more...] about Russia Built A Dozen Air-Defense Vehicles For War In The Arctic. Then Sent Them To Ukraine To Get Blown Up.

Share to Twitter Share to Linkedin The NBA has revealed its 2023 All-Star reserves, voted by all head coaches around the league. With All-Star weekend taking place Feb. 17-19 in Salt Lake City, the 12-man rosters for both the Eastern and Western Conference are finally set. Last week, the starters were announced for both sides, as LeBron James and Giannis Antetokounmpo were named All-Star captains. They will get to draft their teams prior to tip-off, beginning with the pool of starters. Those names include Stephen Curry, Luka Dončić, Zion Williamson, Nikola Jokić, Kyrie Irving, Donovan Mitchell, Jayson Tatum, and Kevin Durant. The All-Star beneficiaries were also announced on Thursday. Team LeBron will compete for Big Brothers Big Sisters of Utah , while Team Giannis will play for Raise the Future , a non-profit organization that has become a leader in best practice for children in foster care. The winning team will donate the prize money to their … [Read more...] about NBA Announces Reserves For 2023 All-Star Game