Oil is poised for its most significant weekly rise since October, fueled by the ongoing Red Sea crisis and China’s economic stimulus measures, potentially boosting demand.
Traffic in the Suez Canal plummets following Houthi assaults.
Tanker traffic in the Suez Canal has dropped to levels not seen since the Covid pandemic, as Houthi attacks disrupt oil and petrol deliveries.
Oil consumption is expected to halve this year, dealing a significant setback to both Putin & Saudi Arabia.
An official report indicates that this year will see a halving in oil demand, impacting both Vladimir Putin’s war-driven economy and Saudi Arabia, the world’s top oil producer.
Oil Tankers Reroute Away from Red Sea Following Strikes in Yemen by US and UK
A growing number of tanker operators are avoiding the Red Sea, with several tankers altering their routes on Friday, as indicated by shipping data.
Russia attempts to stabilize the rouble amidst Western sanctions’ impact
The Bank of Russia is bolstering the beleaguered rouble in response to the mounting challenges posed by Western sanctions against Vladimir Putin’s administration.
President Vladimir Putin Says Belarus Got First Russian Nuclear Weapons
President Vladimir Putin announced that Russia has made its initial delivery of tactical nuclear weapons to Belarus. This delivery comes three months after unveiling the plan, which is causing escalating
Russia energy war cost taxpayers £2,500 a second
The energy conflict instigated by Vladimir Putin, following his incursion into Ukraine, resulted in a staggering expense of £2,500 per second for taxpayers as the government endeavoured to mitigate the
China intensifies backing for Putin amid escalating Western sanctions.
Trade between China and Russia surged to a level unseen since the start of Vladimir Putin’s war in Ukraine, according to official figures, as Beijing increases its aid to its
Zelenskiy asserts Ukraine is prepared to initiate a counterattack.
President Volodymyr Zelenskiy announced in an interview that surfaced on Saturday, Ukraine’s readiness to initiate their long-anticipated counteroffensive to reclaim the territories under Russian control.
Russia’s oil export revenue sank by 42% in February as sanctions bit
Western nations implemented far-reaching sanctions against Russian crude oil and oil products as a measure to reduce Russia’s oil revenues.
In a year marked by sanctions, Russia accumulated an offshore cash reserve of $80 billion
Amid the ongoing sanctions and amid the US and its allies’ efforts to tighten them over the invasion of Ukraine, Russia has managed to stash roughly one-third of its $227
Protesters outside the Russian Embassy in London have painted a giant Ukrainian flag
The enormous blue and yellow flag, which was subsequently carried by passing vehicles, was claimed by the campaign group Led By Donkeys.