Iran aims to fill the gap left behind by Russia in the European oil market if the country can secure an agreement with world powers over its nuclear program, Bloomberg reports. Iran’s state oil producer will try to win back customers in countries including Greece, Italy, Spain and Turkey if sanctions targeting the country’s energy […]
Tag: USA
Syria: Three American soldiers were injured by the attack of pro-Iranian fighters
Three American soldiers were slightly injured in a rocket attack launched by pro-Iranian fighters in Syria on Wednesday, the US Central Command (USCENTCOM) announced in the Middle East region. According to USCENTCOM, militants launched a rocket attack on two locations in Syria, prompting a response from the US armed forces. Helicopters killed two or three […]
Biden defends student loan debt cancellation, defies backlash from critics
US President Joe Biden announced yesterday Wednesday that the US government will write off $10,000 in student loan debt, fulfilling a campaign promise. The decision is expected to boost support for Democratic candidates in the November election, but some economists say it could add fuel to the inflation fire, while Republicans in Congress question the […]
Saudis are running out of patience with Biden – What’s behind the threat to cut oil production
By Dan Eberhart This week Saudi Arabia threatened to cut production and prop up oil prices. OPEC+’s informal leadership has cited various reasons to justify its position, but the reasoning behind the move has a political underpinning – specifically, the Saudis’ distrust of the Biden administration. It is no coincidence that the threat to cut […]
USA: Russia is preparing to announce ‘illegal referendums’ in the areas it controls in Ukraine
Moscow may announce as soon as this week one or more “illegal” referendums in occupied Ukraine in an attempt to justify annexation of Ukrainian territory to Russia, White House spokesman John Kirby told reporters today. . “We have information that Russia continues to prepare a mock referendum” in Kherson, Zaporizhia, the separatist regions of Donetsk […]
Oil lost gains after plunge in US demand
US oil inventories showed a significant decrease again, with those of gasoline remaining unchanged to the surprise of the market, causing new pressures on crude prices. In particular, as informed by the US Energy Information Administration (EIA), in the week ended August 19, US crude inventories fell by 3.3 million barrels, falling to 421.7 million. […]
Over $100 oil again despite plunge in US demand
LAST UPDATE 19:55 A significant reduction was again presented in US oil stocks, but those of gasoline remained unchanged to the surprise of analysts, even though the development did not particularly “scare” the market. In particular, as informed by the US Energy Information Administration (EIA), in the week ended August 19, US crude inventories fell […]
India will tell the US that a broader consensus is needed to impose a ceiling on Russian oil
India will seek a broader consensus before backing US-led efforts to cap the price of Russian oil, something US officials are expected to push for this week when they travel to Mumbai and New Delhi, according to the Bloomberg agency. India, which has emerged as one of the biggest buyers of Russian oil after the […]
Wall Street: Marginal changes waiting for Powell
The US market continues to look for direction today, with investors moving cautiously as the days approach for central banker Jay Powell’s speech at the Fed conference in Jackson Hole. In particular, all three indicators show subtle changes and changes of signs. The Dow Jones at 32,905 points with -0.01%, the S&P 500 at 4,130 […]
Cautious rise on Wall Street awaiting Powell
LAST UPDATE 20:15 The US market continues to search for direction today, with investors moving cautiously as the days approach for central banker Jay Powell’s speech at the Fed conference in Jackson Hole. In particular, all three indices show small changes although they have stabilized in positive territory, with the technology giants trying to give […]
