Oil prices have hit a four-month apex after a Ukrainian assault on a Russian naval vessel in the Black Sea, escalating tensions and further destabilising the crucial trade route.
Global oil demand will grow this year, says Russian Deputy Prime Minister Alexander Novak
Alexander Novak, the Russian Deputy Prime Minister, stated that global oil demand is projected to increase by 2.4 million barrels daily this year, which in his view, will keep the
The Russian rouble reaches its lowest level since the onset of Putin’s conflict in Ukraine.
The Russian rouble dropped against the US dollar to its lowest level since the first month of the war in Ukraine.
Oil prices surge as Saudi Arabia warns of more substantial supply reductions.
Global oil prices are soaring due to Saudi Arabia’s indication of further decreasing its oil supply. Following its decision to trim production by one million barrels per day in September,
Goldman Sachs predicts that the US is likely to dodge a recession.
Goldman Sachs (NYSE: GS) has updated its analysis, reducing the odds of a US recession happening in the next year from 25% to 20%. This figure is still a bit
Wheat values escalate as Russia withdraws from Black Sea grain agreement.
The Kremlin announced that Russia has withdrawn from the Black Sea grain export agreement, causing wheat prices to rise.
Oil prices decline due to concerns over demand in China.
Oil prices have declined following the largest weekly surge since the beginning of April, as persistent worries about demand continue to weigh on investors.
In an endeavor to strengthen prices, Russia and Saudi Arabia have reduced their oil supply.
Oil prices are experiencing a surge following simultaneous announcements by Saudi Arabia and Russia to curtail supplies.
Crude prices fall as Russia ramps up fuel exports.
Oil prices have taken a hit as Russia’s refined fuel exports continued their upward trajectory over the past week.
The Russian rouble reaching its weakest level against the dollar in nearly 15 months.
The Russian rouble experienced a significant drop, nearing a 15-month low against the dollar, as markets reacted for the first time to the short-lived military coup against Vladimir Putin.
Wagner’s leader warns Russian generals of a coup, stating he has 25,000 combatants prepared to die
Yevgeny Prigozhin, the leader of the Wagner mercenary group, has urged for a rebellion against Russia’s military hierarchy, announcing that he has 25,000 fighters ready to “resolve the chaos”.
Germany secures additional US natural gas, distancing itself from Russian resources.
Germany has inked another extended agreement to import a larger quantity of US liquefied natural gas (LNG), shifting away from Russian energy amidst the ongoing Ukrainian conflict.