Forecasts indicate the Russian economy is set to surpass previous expectations and experience growth this year, as the increase in oil prices counteracts the effects of Western sanctions.
Oil prices remain stable at levels close to 10-month peaks.
On Monday, the standard oil price remained steady, maintaining its position above $90 a barrel, a level not seen in the last 10 months. This surge was influenced by recent
Gas prices rise as workers begin strikes at two key Chevron facilities in Australia
European gas prices have surged as employees at two prominent Chevron sites in Australia initiated limited strikes following unsuccessful negotiations.
Oil prices surge as Saudi Arabia prolongs production reductions.
The price of oil saw a significant rise following Saudi Arabia’s decision to extend its voluntary oil production cut of 1 million barrels per day until the year’s end, as
Oil prices remain close to 10-month peaks following Saudi production reductions.
Oil prices remain near their 10-month peak, with recent data showing that Saudi Arabian supply reductions have balanced out the increased production from countries like Iran.
LNG workers at Chevron in Australia permit union to initiate a strike.
Chevron’s LNG production in Australia may face interruptions as a recent worker vote approved union-led industrial action if required.
North Sea’s largest producer transitions from a $1bn profit to a deficit following a windfall tax.
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
Vladimir Putin to force Russian companies to buy plummeting rouble
Vladimir Putin is scheduled to convene with top financial officials as the Kremlin contemplates mandating companies to purchase roubles using their foreign earnings in an effort to stabilize Russia’s declining
Gas prices surge 18% due to concerns over potential supply disruptions.
European gas prices have soared by 18% due to the potential for strike action by workers in Australia, which could cause significant disruptions to global supplies.
The Rouble has declined to its weakest level against the dollar in 16 months.
The rouble has plunged to its weakest point against the dollar in 16 months, driven by increased Russian military expenditures and a stark drop in export earnings. These factors exacerbate