Trump “postponed” strikes on Iranian power plants after warnings of regionwide retaliations
Rising energy prices and disruptions in global supply chains have shut down some industrial activities in Asian countries, like India, and forced governments to adopt emergency measures.
Iran denies rumors of contact with the US
Iran has maintained that it does not seek a ceasefire now and will continue to “defend” itself until the US and Israel end their attacks and agree to never repeat them in future.
Asian countries adopt emergency measures to cut fuel consumption amid US-Israeli war on Iran
Most of the countries in the region are also witnessing strong popular movements against the imperialist war against Iran, demanding governments endorse anti-war positions
OPEC: Saudis aren’t afraid of US anymore
The surprise OPEC+ reduction consolidates the Saudi-Russian energy alliance, by aligning their production levels and placing them on equal footing. It is a slap in the face for the US
The global faultlines of 2022
NewsClick’s Prabir Purkayastha discusses the major hotspots of 2022, including the Ukraine war and US-China tensions, and their implications for the coming year
OPEC+ agrees on oil output cut
The message is loud and clear: Saudi Arabia and Russia, who form the axis of the OPEC+, are closely coordinating on shaping the world oil market even as they could be competing for market share
Biden’s visit signals nothing has changed on Saudi Arabia
Except for a brief bout of harsh criticism of Saudi Arabia during his campaign, Joe Biden has stayed the course when it comes to assistance to Saudi Arabia though it has been justified as being for ‘defensive’ purposes
Mapping Faultlines: As war drags on, countries look to protect their interests
In this episode of Mapping Faultlines, NewsClick’s Prabir Purkayastha talks about the latest on the global economic front as the Russia-Ukraine war continues
Workers returning from crisis-hit Gulf economies need state support back home
The Gulf countries are already forcing a large number of migrant workers to go back to their home countries
The absurdity of hiking oil prices amid lockdown and pandemic
Taxing oil is the worst among all tax options when income sources have dried up. It will have the most deleterious effect on the level of output and employment
Oil industry faces existential crisis
Newsclick’s Prabir Purkayastha analyses the state of the global oil market, the geo-strategic implications and the future of oil consumption keeping in mind the nature of the pandemic
US crude oil prices go down in negative for the first time in history
The fall in the futures market shows that the production cut by OPEC+ members may not be enough to address the drastic drop in demand due to the ongoing COVID-19 pandemic
- Brazil approves end to 6×1 work schedule and reduction of the work week to 40 hours
- Israel kills 31 people in Lebanon on the eve of Eid al-Adha
- Israel carries out sixth consecutive Eid massacre in Gaza
- Far-right Janez Janša to return for fourth government term in Slovenia
- With peace deal nearly final, US launches fresh attacks on Iran
