International
Oil prices ended another volatile week, heading for their steepest weekly fall in about three and a half months. The Brent crude benchmark fell close to 8 %, while U.S. WTI crude dropped around 7.3 %. Factors Driving the Slide The sharp decline has been fueled by growing expectations that OPEC+ will further boost production […]
Breaking Down The News Opinion
When Azerbaijan resumed crude oil exports to India this August after a 10-month pause, it was seen as a minor trade headline. But the story runs deeper. The shipments themselves are negligible, yet India continues to draw significant profits from its stakes in Azerbaijan’s oil fields, even while bolstering Armenia with arms. This duality illustrates […]
International
U.S. Treasury Secretary Scott Bessent said the U.S. will not impose additional tariffs on Chinese goods over China’s purchases of Russian oil — unless European countries first impose steep duties themselves. Europe’s Expected Role Bessent emphasized that Europe must “do their share” to reduce Russia’s oil revenue. He suggested that strong “secondary tariffs” by European
International
U.S. President Donald Trump criticised European countries for continuing to import oil from Russia despite the Ukraine war. He said their sanctions lacked strength and called for tougher action to match U.S. efforts. Trump’s Key Remarks Trump stated that Europe’s ongoing purchases of Russian oil were “not acceptable.” He urged NATO and EU nations to […]