At a time when the world is struggling to cope with high inflation, the rising cost of living, and the impacts of the Ukraine war and now the Israel–Hamas conflict, a 30–40% jump in the …
Tag Archive for: "oil trade"
Western efforts to choke Russia’s oil profits are failing as production cuts agreed with Saudi Arabia push the market price towards US$100 a barrel and Russia’s biggest customers—China and India—start paying close to full market …
During the past month, the relationship between the United States and the Kingdom of Saudi Arabia has fallen to its lowest ebb in a decade. After the shock decision by the Organization of Petroleum Exporting …
Russian President Vladimir Putin sought this month to contrast the vibrant economies of Asia with the decadence of the West, signalling that Russia’s future lay with the East. The economic and political dominance of the …
Russia’s invasion of Ukraine is the immediate cause of the global energy crisis, but the seeds were sown by years of weak investment in fossil fuels, partly reflecting concerns over climate change. Before the war, …