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According to Ukraines state-owned oil and gas company, Russia attacked seven natural gas production sites overnight.August 7th - A report released Friday by the U.S. Bureau of Labor Statistics showed that despite a slight decline in the unemployment rate, the U.S. economy experienced an unexpected job loss in July, indicating a slowdown in the employment situation. Seasonally adjusted nonfarm payrolls fell by 23,000 in July, compared to a revised 20,000 in June. Market expectations had previously predicted an increase of approximately 80,000. Meanwhile, the unemployment rate fell to 4.1%, while the labor force participation rate further declined to 61.4%, the lowest level in more than five years.According to data and sources, the Caspian Pipeline Alliances oil loading in July fell 20% behind schedule, down to 1.2 million to 1.3 million barrels per day, due to the drone attack.Short-term geopolitical disturbances continue to dominate oil price movements. Attention should be paid to the progress of US-Iran negotiations and the passage of traffic in the Strait of Hormuz. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.August 7th - The U.S. unexpectedly lost 23,000 jobs in July, far below the expected increase of 80,000. Junes increase was also revised down to just 20,000. Despite the weak job market, the unemployment rate unexpectedly fell from 4.2% to 4.1%. This disappointing report has reignited concerns about the labor market and could complicate the Federal Reserves interest rate decisions, as policymakers need to strike a balance between weak employment and persistent inflation.

Senator Rubio urges that the U.S. FAA evaluate the safety of Russian airlines

Aria Thomas

Jun 24, 2022 12:02

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Senator Marco Rubio on Thursday demanded that the U.S. Federal Aviation Administration (FAA) do a safety study of Russian airlines and notify the American people of the hazards presented by Russian-controlled planes still operating in international airspace.


As a result of sanctions placed by Europe, the United States, and others in reaction to Russia's invasion of Ukraine, Russia's aviation sector has been pushed to curtail flight activities.


Rubio, the leading Republican on the Senate Intelligence Committee, wrote: "As long as Russian airlines continue such operations, they pose a potential threat to international tourists as well as Russians going domestically."


After being blacklisted, some Russian airlines continued to undertake flights to Beijing, Delhi, and Dubai, among other locations.


The FAA did not immediately react, but in April it lowered Russia's aviation safety rating, alleging violation with International Civil Aviation Organization (ICAO) safety requirements by the country's Federal Agency of Air Transport.


The United States joined the European Union and Canada in barring Russian carriers from American airspace in March.


The top aviation safety body for the European Union voiced "grave worry" on the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and routine maintenance.


Patrick Ky, executive director of the European Union Aviation Safety Agency, stated, "This is pretty risky" (EASA) (EASA). According to him, there are reports that Russia will be required to cannibalize planes to keep others flying.


Rubio stated that further teaching from the FAA "about the nature of the possible hazards connected with traveling on airplanes without contemporary components" is urgently necessary.


More than 150 Boeing (NYSE:BA) airplanes flown by Russian airlines were added in March to a list of aircraft thought to contravene U.S. export laws.


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