U.S. Official Says Russia's Crude Output Cut Signals Unsold Oil

U.S. Official Says Russia’s Crude Output Cut Signals Unsold Oil

By Arathy Somasekhar and Stephanie Kelly HOUSTON (Reuters) -Russia’s decision to cut crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, Ben Harris, a U.S. Treasury Department Assistant Secretary, said on Thursday. Russia’s Deputy Prime Minister Alexander Novak last week said it would voluntarily cut production beginning…

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U.S. Senator Seeks 'full Accounting' Of Southwest Airlines Meltdown Refunds

U.S. Senator Seeks ‘full Accounting’ Of Southwest Airlines Meltdown Refunds

WASHINGTON (Reuters) – U.S. Senate Commerce Committee chair Maria Cantwell on Thursday asked Southwest Airlines to provide a full accounting of all refunds issued and denied after a December technological meltdown led to the cancellation of 16,700 flights. Cantwell asked Southwest Airlines Chief Operating Officer Andrew Watterson for detailed data from the travel disruptions. Watterson…

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G20-backed Standards Body Approves First Global Company Sustainability Rules

G20-backed Standards Body Approves First Global Company Sustainability Rules

By Huw Jones LONDON (Reuters) – The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting. Subject to ‘balloting’, or standard checks before formal publication, the norms are expected to come into…

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