Russia

Crude Oil Slips Continuously Amid Raging West Asian War

Crude Oil Slips Continuously Amid Raging West Asian War

It has been almost 2 weeks since Israeli forces entered the Gaza Strip. With the war raging between Israel and Hamas, many experts expected oil prices to surge, but contrary to popular belief, the oil prices are slipping continuously. On Wednesday, oil prices fell almost 4% to a 3-month low with Brent crude oil selling…

Indonesia’s Economy Expected To Surpass Russia’s By 2026

Indonesia’s Economy Expected To Surpass Russia’s By 2026

The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…

Oil Minister Urges OPEC To Have A Sense Of Pragmatism

Oil Minister Urges OPEC To Have A Sense Of Pragmatism

Oil prices have risen a lot in the last few months, since August 2022 the OPEC and OPEC+ group of oil exporters have decreased their oil production by 5% which resulted in a 34% hike in oil prices around the world. The price of a single barrel of oil in August 2022 was $72/bbl while…

Ukraine Satellite Services Contract Awarded To SpaceX’s Starlink

Ukraine Satellite Services Contract Awarded To SpaceX’s Starlink

It was getting expensive to fuel Starlink in Ukraine, an endeavour that was burning more than 20 million dollars per month on average. The CEO, Elon Musk, had clearly stated that he couldn’t continue to fund Starlink if things followed a similar trend. However, Starlink’s operation in Ukraine will not come to a halt because…

Oil Prices Rise On Hope As China Started Reopening

Oil Prices Rise On Hope As China Started Reopening

Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…

India To Host G20 Summit In September 2023 

India To Host G20 Summit In September 2023 

From December 2023, India will take charge of the G20 president and will host the summit of administrators of the world’s 20 largest economies in New Delhi during the second week of September 2023. As per the statement released by the Ministry of External Affairs, “The G20 Leaders’ Summit at the level of Heads of…

Russia Is Cutting India’s Natural-gas Supply, What’s Next? 

Russia Is Cutting India’s Natural-gas Supply, What’s Next? 

It is getting harder for India to source natural gas as Russia has slowed down the supply since the Ukraine invasion. Europe is drawing away much of the global natural gas supply to its shores.  “Contrary to widespread alarmism over the adverse impact of the Russia-Ukraine war on global commodity prices, the importance of commodity…

Netflix Loses 200k Subscribers Since 2011: Here’s Why  

Netflix Loses 200k Subscribers Since 2011: Here’s Why  

As the first quarter of the year ended, Netflix revealed its subscribers count on Tuesday. For the first time in the decade, the leading OTT platform has lost a large number of subscribers in a limited duration.  Being considered one of the top OTT platforms on a global scale, Netflix has provided many mass entertainers,…

Rupee Plunged To A Record Low – Fuel Price In India Is Expected To Rise

Rupee Plunged To A Record Low – Fuel Price In India Is Expected To Rise

The Indian Rupee has dived a record low of 77.02 against a US dollar on Monday, and as per a poll conducted by Economic Times, it is further expected to plunge around 80 in the next few days. This record decrease in Rupee’s value is a consequence of the crude oil hike in the global…

Three Shipping Lines Halt Cargo Shipment To and From Russia

Three Shipping Lines Halt Cargo Shipment To and From Russia

The world’s three biggest shipping companies announced the temporary suspension of shipment to and from Russia on Tuesday in the wake of Russia’s invasion of Ukraine.  Russia’s attack on its neighbour country, which Moscow called a “Special Operation”, is the biggest state-to-state invasion in Europe after World War II.  First, Swiss-headquartered MSC, the world’s biggest…

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