Despite efforts by the Russian government to try and avoid sanctions and amid skepticism worldwide, ministers of the European Union (EU) believe that the latest price cap imposed on Russian seaborne oil will work.    The EU, along with the G-7 and Australia, had come to...

The German government provided a portion of the $3 billion syndicated loan to the Swiss commodities trader Trafigura Group, which would be used to supply the nation with natural gas. Trafigura received a loan for a period of four years as part of an arrangement with the German government to...

Saudi Arabia will lower prices for the majority of oil grades in January аor importers in Asia and Europe. Prices for the United States will remain steady for the second consecutive month, reports Bloomberg in relation to the Saudi Aramco business. As a result, the price of the primary grade of...

The price cap on Russian seaborne oil as set by the Group of Seven went into effect on Monday which is a part of the efforts of the West to reduce the ability of Moscow to finance its war in Ukraine.    However, Russia has reacted to the cap by saying that it will not...

After years of seemingly limitless growth, the US technology industry has reached a plateau. Companies are attempting to conserve cash, which is resulting in thousands of job cuts per month, with a spike in layoffs in November.   While the loss of a paycheck can be devastating for anyone,...

OPEC and non-OPEC oil producers may enforce deeper production cuts on Sunday, according to energy analysts, as the impactful energy coalition considers the effect of a potential ban on Russian crude exports and a price cap on Russian oil.   On Sunday, OPEC+, a group of 23 oil-producing...

According to Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), cryptocurrencies may be a threat to US national security. At a session in the nation's Senate, he declared, "It might be a threat to our national security." As Behnam outlined, the danger posed by...

According to a new report, the US Federal Reserve's tightening of its monetary policy and a strengthening of the US dollar are posting a negative impact on African countries' balance sheets and public debt burdens.   The Fed implemented its fourth consecutive...

According to a latest prediction by S&P Global and Morgan Stanley, the Indian economy will surpass that of Japan and Germany within 23030 to become the third-largest economy.   The basis of S&P's projections is the assumption that the annual nominal...