Officials look at a destroyed building after being hit by a missile strike in Sergiyvka, near Odessa, on July 1.Photographer: Oleksander Gimanov/AFP/Getty Images
Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase analysts warned. Russia has reduced gas exports to Italy by 15% from normal levels, an Italian official said.
The death toll in Friday’s Russian missile strikes near the Black Sea port city of Odesa is now estimated at 21 people, with dozens more injured. A high-rise apartment building and a recreation center were hit, a day after Moscow’s forces withdrew from a strategic island about 100 miles to the south.
The Pentagon released details of the latest $820 million tranche of US security assistance for Ukraine. The European Union will propose 1 billion euros in short-term financial relief for Kyiv’s urgent cash needs. Russia is easing labor rules in a bid to boost arms production in the face of Western sanctions.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
Stuart is on Board Member of ASN Productions, DI Communities
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.