Tag: Sanctions on Russia

Oil prices will remain high
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Oil prices will remain high

Oil prices will remain high The Price of crude oil has been declining in recent weeks, as growing concern about an imminent global recession. But oil does not go as far as drivers around the world would like it to happen – or until politicians can be re-elected. Except for dramatic events of the destruction […]

Gold Reaches a One-Year low
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Gold Reaches a One-Year low

Due to the rise in the US dollar index and prospects of more aggressive interest rate hikes, gold reaches a one-year low on Thursday.   The price of Spot gold fell about 0.2% to $1,693.90 per ounce by 0052 GMT. While in August 2021 the price was trading at $1691.40 per ounce. The dollar stayed below […]

Worst Global Energy Crisis Ahead
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Worst Global Energy Crisis Ahead

The world is going to face the worst global energy crisis ahead, Fatih Birol, the executive director of the International Energy Agency (IEA) said. According to Birol, the world has never seen such energy crisis throughout history in terms of depth and complexity.   While speaking in Sydney at the global energy forum, Fatih Birol described […]

China Imported Record Oil from Russia at Discounted Price
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China Imported Record Oil from Russia at Discounted Price

Russia has become the largest oil supplier to China China imported a record quantity of Russian crude oil in May as Chinese buyers took advantage of the discounted price. All this happened because Beijing promised normal economic relations with Moscow. Chinese customs data released a report on Friday that China imported 55% more oil year-on-year […]