US interest rates, back to the realities
The Fed’s view that the recent high inflation figures were transitory must now be reassessed. After a third consecutive month of price increases and the...
Tag: Russia
Oil price toward new highs, bad news for Central Bankers
When oil surged above $90 a barrel a few days ago, observers attributed it to military tensions between Israel and Iran. However, the underlying reasons...
American producers major beneficiaries of sanctions on Russian oil
The United States is the primary beneficiary of sanctions on Russian and Venezuelan oil. American oil exports have set five new monthly records since Western...
Russia and China strengthen their economic ties
Trade between Russia and China reached a record $240 billion in 2023. Russia’s eastern neighbour has become the supplier of everything from clothing to machinery...
OPEC+ extends oil supply cuts
OPEC+ has extended its oil supply cuts until mid-year to avoid a global surplus and support prices. The restrictions, totalling around 2 million barrels per...
Germany, the End of an Era
The manufacturing output of the largest European economy has been on a downward trend since 2017, and the decline is accelerating as competitiveness erodes.The foundations...
The Boom in Oil Drilling in Russia Proves Moscow’s Resilience to Sanctions
Russia experienced a second year of record oil drilling in 2023, providing further evidence of the country’s resilience in the face of Western sanctions.The surge...
Oil in 2024
Despite constant bearish talk about energy demand, global oil consumption increased by 2.3 million barrels per day in 2023. The final stage of the post-Covid-19...
Westerms contradictions
At a time when a new source of misunderstanding is emerging between the Western world and the rest of the world concerning the crisis in...