The premier operator in the North Sea shifted from nearly a $1bn profit to an $8m deficit after the introduction of the government’s windfall tax, and a subsequent reduction in
Oil Prices rise, with UBS Predicting Further Increases Ahead
Analysts from UBS do not anticipate the recent dip in crude oil prices to continue, as they revealed on Thursday. They argue that the current market trends are obscuring a
Oil rises due to unprecedented demand predictions, marking the 7th consecutive weekly increase.
Oil prices climbed on Friday, driven by the International Energy Agency’s predictions of unparalleled global demand and shrinking supplies. This surge marked the seventh consecutive week of price gains, the
Record oil demand drives prices up following Saudi reductions.
Amid strong consumption in China and other regions, global oil demand has reached an unprecedented level, potentially driving up prices, as per the International Energy Agency (IEA).
Oil prices reach a nine-month peak due to tensions in the Black Sea.
Amid concerns about oil supplies navigating the Black Sea, oil prices soared to their peak in almost nine months.
Wheat values escalate following missile strikes on the Black Sea harbor.
Wheat values surged following Russia’s recent missile assault on the Black Sea port city of Odesa over the weekend, continuing an upward trajectory from a more than 5% increase last
“Everything’s lost”: Russian army nears surrender, panic sets in at the southern front
This claim is made amid reports of further collapse in morale and worsening discipline among rank and file members of the Kremlin’s invasion force.
Ukraine attacked Crimean oil drilling platforms in the Black Sea, 71km from Odesa
Ukrainian forces attacked drilling platforms at the Black Sea that were owned by a Crimean oil-and-gas company, according to the pro-Russian head of the annexed peninsula. He did not give
What caused the Russia-Ukraine conflict to create a food shortage?
Russian hostilities in Ukraine have prevented grain from leaving the “breadbasket” of the world and made food more expensive around the globe. This has led to increased hunger, shortages and
Counting the Cost Of Russia’s Mediterranean Pivot
Russia’s vast majority lives in western regions, near the borders of Europe and the Black Sea. Moscow has been able to gain influence and regain its superpower status by establishing cultural