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Russia’s oil revival gets some help from domestic refineries

  Bloomberg Russia’s oil output is edging back toward pre-war levels, and a revival in large and small refineries scattered across the country is a major driver of the change. The trend is another example — from rising oil-product exports to higher prices for Urals crude — of how Russia’s energy industry is adapting to trade restrictions imposed after its ...

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Illegal protests double power outages in South Africa: Eskom

  Bloomberg About half of South Africa’s record electricity outages this week have been caused by employees staying away from work during illegal protests, the head of the state power utility said. Eskom Holdings SOC Ltd. was forced to implement Stage-6 power outages — equivalent to cutting 6,000 megawatts from the grid — because of disruptions that have lasted a ...

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Copper sinks below $8,000 a ton

  Bloomberg Copper sinks below $8,000 a ton, hitting its lowest since early 2021, as deepening fears about a global economic slowdown drive a rout in industrial metals. The metal, widely considered a barometer of the world economy, slumped as much as 3.6% to $7,959 a ton in London, extending losses after its worst quarter in a decade. Investors appear ...

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