The West’s sweeping sanctions on Russia following its invasion of Ukraine are shaping up to be the West’s most monumental miscalculation in modern history. The sanctions have not brought the Russian economy to its knees, […]
Two weeks ago, in the aftermath of the surprise Saudi/OPEC production cut which took out well over 1 million barrels in supply from the market and sent the price of oil sharply higher, we warned that with […]
The EU is debating sanctioning Russia’s nuclear sector, with the EU parliament passing a resolution by 489 votes to 36 urging European Union leaders to include sanctions on Russia’s nuclear industry. Nuclear energy produces roughly […]
Neither the New York Times, the Western experts that writer Ana Swanson cites, nor the IMF can credibly be accused of being “Russian-friendly”, let alone so-called “Russian propagandists” or even “Russian agents”, which thus confirms […]
Russia, Iran, and India are speeding up efforts to complete a new transport corridor that would largely cut Europe, its sanctions, and any other threats out of the picture. The International North-South Transport Corridor (NSTC) is […]
On Thursday 22 December 2022, Luxembourg’s Ministry of Energy and Spatial Planning announced that, given the current energy crisis and price increases, the tripartite agreement of 28 September 2022 provides for measures aimed at countering […]
Russia and Iran are building a new transcontinental trade route stretching from the eastern edge of Europe to the Indian Ocean, a 3,000–kilometer (1,860–mile) passage that’s beyond the reach of any foreign intervention. The two […]
The Bank of America has predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and successful economic reopening by China. BofA’s chief […]
As European refiners look to replace Russia’s Urals crude grade ahead of an EU import ban that takes effect in just three weeks, Norway is emerging as their preferred source of alternative feedstock. Shipments of Norway’s medium, […]
The United States and its Western allies have agreed that a cargo of Russian oil will only be subject to the price cap mechanism at the first sale of the oil to a buyer on […]
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