Just days after the unexpected OPEC+ oil production cut, Saudi Aramco, the Saudi state-owned oil company, has raised prices of crude to Asia by 30 cents per barrel
Following the weekend’s surprise OPEC+ 1.6 million bpd output cut, the price of Urals, Russia’s flagship crude oil, has reached beyond the $60 per barrel price cap level set by the G7 in December
NATO is increasing its military supplies production and providing military support to Ukraine to prevent a stalemate in the war against Russia s unprovoked full-scale invasion of Ukraine.
A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise OPEC+ oil production cut