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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 […]
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 […]
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 […]
There are no sanctions and third-world countries can import Russian oil-US Ambassador Chung said in Colombo. Chung said the US has sanctioned importing Russian oil into America but it is only because America has vast production capacity and energy capacity as well. On the other hand, third-world countries have no such type of facilities therefore, […]
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 […]
According to Volodymyr Zelensky, our troops remained busy in street fighting with Russian troops in the Sievierodnetsk. The main concern of this battle is to control the eastern Donbas region. Zelensky said on Monday night that, fights in the street of Sievierodnetsk will remain to continue as our heroes will not give up any position. […]