Futures Rise As Oil Slides Below $100 On Trump Iran Diplomacy Report, Tech Bounces Ahead Of Midterms

Russia's Oil Revenue Sinks As Urals Falls To $59 Submitted by Julianne Geiger of OilPrice.com Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly total since February. Russia’s tax authority calculated August oil revenues using a crude price of just over $59 per barrel. Urals, Russia’s main export grade, averaged almost $95 per barrel during the spring after the Iran war pushed buyers toward barrels outside the Persian Gulf. Total Russian oil and gas revenue fell 16%...

Megacities Are Booming The number of people living in megacities has been growing significantly for decades, rising from 2.5 percent in 1950 to 16.4 percent of city dwellers in 2020. As Statista's Katharina Buchholz details below, according to UN projections, this figure will continue to rise slightly before stabilizing at around the current level by 2050. You will find more infographics at Statista At the same time, living in smaller cities is becoming less widespread. The share of the urban population living in places with between 50,000 and 500,000 inhabitants fell from 50.8 percent to 38.6...

Iran Executes Top Young Aerospace Scientist, Alleging CIA & Mossad Ties Iran has executed 29-year-old aerospace engineer Erfan Shakourzadeh on Monday on espionage charges despite his protestations that authorities tortured him into giving a false confession, according to a prison note published before his execution, as recounted in Western press reports. Iranian judiciary's Mizan Online website announced and confirmed the execution, describing that he was hanged after being convicted for allegedly collaborating with the CIA and Israel's Mossad intelligence service. Various human rights organizations have rejected the validity of the charges, and...