Monthly Archives: August 2022

Oil tanker rates are at their highest in at least 25 years thanks to strong fuel demand and Russia sanctions disrupting traditional trading routes

Fuel tankers are experiencing their strongest rates in at least 25 years. Suriyapong Thongsawang Rates for tankers carrying refined fuels reached their highest in at least 25 years. Fuel tankers earned more than $40,000 a day for the last 14 weeks, Bloomberg reported.  Strong demand for crude oil and longer sailing routes from sanctions have…

Russia suspends European oil exports through part of a major pipeline, boosting crude prices

Russia’s Druzhba pipeline supplies oil to both northern and southern Europe. Reuters Oil prices rose by over 1% Tuesday after Russia suspended flows through a key pipeline section. Russia will suspend flows via the southern leg of its Druzhba pipeline, a spokesperson said. The pipeline supplies Europe with around 1 million barrels of crude a…

Michael Cohen was jubilant after the FBI searched Trump’s home, says he is finally being ‘held accountable’

Michael Cohen, former personal attorney for U.S. President Donald Trump, in 2018 in New York City. Drew Angerer/Getty Images Michael Cohen said Trump was being held “accountable” after FBI agents searched his home.  Cohen fell out with Trump after providing evidence to prosecutors.  Cohen worked for years as Trump’s personal attorney, and was convicted of…

Pelosi says FBI raid on Trump was a major step and that ‘no person is above the law’

House Speaker Nancy Pelosi at a press conference on March 3, 2022. Kevin Lamarque/Reuters FBI agents former President Donald Trump’s Mar-a-Lago home. House Speaker Nancy Pelosi agreed the search was a “pretty serious step” by the DOJ. Pelosi said she had few details but “no person is above the law, not even the president.” House Speaker Nancy…

A Qantas booking error seated a baby and her parents on different flights home. They say the resulting 12-day delay cost them nearly $12,000 — but the airline will only pay $7,300.

Qantas booked Andrew and Stephanie Braham on a separate flight home. Andrew and Stephanie Braham/James D. Morgan via Getty Qantas booked Andrew and Stephanie Braham and their baby daughter on separate flights home. The booking error left the family stranded in Rome, Italy for 12 days. The Brahams say this left them $12,000 out of…