Many reasons why price cap on Russian oil exports cannot work
The United States and its allies are trying to impose new restrictions on the Russian economy, but like attempts so far, this one too looks fated to fail
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
Petroleum in Hawaii’s water after another leak at US Navy tank farm and other stories
Today we look at a fuel leak from a US Navy tank farm into Hawai’i’s water, the war in Ethiopia as federal forces retake strategic towns, and more
South Korean workers strike for secure employment and public services and other stories
Today we look at the strike for secure work and public services in South Korea, the TPLF’s advances in Ethiopia and airstrikes by the government, and more
The illegal blockade of Venezuela and the Anti-Blockade Law
Despite an unrelenting, suffocating blockade on Venezuela, the country has continued to promote social policies to safeguard the population
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
Corona shock to the world oil order
The post second World War US hegemony was based on oil prices being pegged to the dollar. Will the hegemony of the dollar survive the corona oil shock?
Turmoil in international oil markets after Saudi Arabia launches ‘price war’
The fall in the international prices of oil may be good news for oil-importing countries such as India. However, economies of most of the oil producing countries will suffer massively if the prices remain at this level
