Tag: Oil
Russia’s central bank reveals GDP is shrinking, in a sign Putin’s war economy has slipped into recession | Fortune
The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession, even after its own data showed...
Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges
Russia could slip into a recession soon and is having its worst harvest in 17 years, further straining an economy that’s already seen energy...
Trump trade adviser Navarro slams India for buying Russian oil
The dramatic increase in India’s purchases of Russian oil since the invasion of Ukraine is “opportunistic and deeply corrosive” of a global effort to...
Trump could trigger a financial crisis in Russia — if he wants to — but has backed off from his threat of ‘very severe consequences’
The U.S. holds immense leverage over Russia’s economy and ability to continue waging war on Ukraine, but President Donald Trump has backed off from...
OPEC+ agrees in principle to another bumper supply increase
OPEC+ has agreed in principle on another bumper oil production increase for September, according to a delegate, completing the revival of a halted supply...
OPEC+ to ramp up oil output even higher in August with eye on market share
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August to...