11:57 AM @ 13/06/2023
s predicted in my article at the end of May - partly because Russian Deputy Prime Minister and key OPEC+ negotiator Alexander Novak clearly indicated that OPEC+ would definitely not announce a surprise cut in oil production - OPEC+ did announce a surprise cut in oil output at its meetings beginning 4 June. As also predicted in the same piece, the net effect of the 1.16 million barrels per day (bpd) production cut achieved nothing good for Saudi Arabia – either through the sustained oil price gains it anticipated or in repairing its shattered geopolitical relationships with the West. Instead, as with the previous ‘surprise’ OPEC+ production cut,SEE MORE04:42 PM @ 12/06/2023
The Cobalt Institute's 2022 market report shows that cobalt will continue to play a key role in the energy transition, with demand doubling by 2030.SEE MORE04:34 PM @ 12/06/2023
The European Union and its US allies slapped crushing sanctions on Moscow in early 2022 after the long-smoldering Donbass crisis escalated into a full-blown NATO-Russia proxy war in Ukraine. The strategy backfired, thrusting the EU into an unprecedented energy crisis and threatening the bloc with large-scale deindustrialization.SEE MORE03:47 PM @ 09/06/2023
The State budget's revenues from export-import activities hit over VND152.94 trillion (US$6.5 billion) in the first five months of this year, making up 36% of the estimate, down 18% year on year, the General Department of Vietnam Customs (GDVC) reported on June 7.SEE MORE04:40 PM @ 08/06/2023
The Organization for Economic Co-operation and Development (OECD) expects the world economy to grow by 2.7 percent in 2023 and by 2.9 percent in 2024, it said in its latest Economic Outlook published on Wednesday.SEE MORE
