![]() ![]() Stocks fell Tuesday as investors continued to worry about the debt ceiling crisis. The United States Capitol is shown through newly installed "bike rack" barricades outside the U.S. The country did not deliver on its commitment to OPEC+, the group of oil producing nations, to slash exports by 500,000 barrels per day last month, according to IEA estimates. The IEA said Russia may be increasing its oil exports as a way to compensate for a drop in revenue. Tax receipts from the country's oil and gas sector - which contributes about 45% to its federal budget - were down by nearly two-thirds over the same period. Still, Russia's oil export revenues dropped 27% in April compared with the same month in 2022, the agency estimated. "Russia seems to have few problems finding willing buyers for its crude and oil products," the IEA said in its report. Russia has managed to divert huge volumes of its oil to China and India. The rise comes despite the European Union imposing a ban on all seaborne imports of Moscow's crude oil last year, and a total ban on imports of refined oil products. An increase in crude oil exports offset a decline in exports of refined products, the agency added. Russia exported 8.3 million barrels per day of crude and refined oil in April, the International Energy Agency (IEA) said in its monthly oil report released Tuesday. Russia's oil exports have risen to their highest levels since the country invaded Ukraine more than a year ago. A separate Challenger survey conducted in April and May of 170 companies found that 39% were offering fully remote work options, down from 44% in the fall.įlue gas and steam rise out of chimneys and smokestacks of an oil refinery in the Siberian city of Omsk, Russia, on February 8. However, those remote and hybrid work opportunities are becoming fewer, he noted. Now, remote and hybrid positions are keeping workers at home." "That has fallen steadily since, as housing costs have risen and companies have moved to where talent pools are located. "In the 1980s and 90s, nearly a third of job seekers would move for new positions," Andrew Challenger, the firm's senior vice president, said in a statement. Job seekers are being lured by a desire for remote work and deterred by rising costs, persistent inflation and lacking housing affordability, according to the report. The first-quarter job relocations were the lowest on record, as tracked by the outplacement and executive coaching firm. Job seekers have lost some of their appetite to move for work: Relocation activity plunged during the first quarter, according to survey data released Tuesday by Challenger, Gray & Christmas.ĭuring the first three months of the year, 1.6% of job seekers surveyed moved for their new position, down from 3.7% in the fourth quarter and 4.6% a year before, according to the survey. A 'now hiring' sign is displayed in a window of a store in Manhattan on Decemin New York City. ![]()
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