OPEC announced cuts of 547,000 barrels per day in September

OPEC announced cuts of 547,000 barrels per day in September

Oil dips 2% as OPEC+ eyes another output hike. Commodities Analyst at Skandinaviska Enskilda Banken   Ole R. Hvalbye,  AB (SEB), and Bjarne Schieldrop, Chief Commodities Analyst at SEB, said in an oil report published on Tuesday.  “Oil prices are likely to fall for a fourth straight year as OPEC+ unwinds cuts and retakes market …

Trump ‘disappointed’ in Putin, downplays China-Russia axis…….Trump says Xi, Putin, Kim conspiring against US

Trump ‘disappointed’ in Putin, downplays China-Russia axis…….Trump says Xi, Putin, Kim conspiring against US

United States President Donald Trump said on Tuesday he was “very disappointed” in Russian President Vladimir Putin, speaking on The Scott Jennings Radio Show. I’m very disappointed in him. Thousands of people are dying, both Russians and Ukrainians,” Trump commented. Additionally, during the show, he was asked about the most recent meeting between Russian President …

Putin: Russia not intending to attack anyone….. He is right he intends to attack everyone

Putin: Russia not intending to attack anyone….. He is right he intends to attack everyone

Russian President Vladimir Putin insisted on Tuesday in a meeting with Slovak Prime Minister Robert Fico that his country is “not intending to attack anyone” and that “any sane person is aware” of that. Speaking with Fico in Beijing, Putin dismissed the claims that Moscow is planning to “attack Europe” as a “provocation,” and baseless …

Oil up by 1.5% amid fights in Middle East, Ukraine

Oil up by 1.5% amid fights in Middle East, Ukraine

The prices of oil futures increased on Tuesday as the fighting in Ukraine and Gaza continued, raising further doubts about exploiting the commodity from Russia and the Middle East. Meanwhile, investors awaited the fresh data on the United States’ stocks from the American Petroleum Institute (API). West Texas Intermediate (WTI) for October’s settlements rose by …

Bessent: Russia sanctions under close review this week

Bessent: Russia sanctions under close review this week

US Treasury Secretary Bessent said Monday that the administration will be closely examining possible penalties on Russia this week, following Russian President Vladimir Putin’s continuous attacks on Ukraine despite recent peace negotiations. “I think with President Trump, all options are on the table, and I think we’ll be examining those very closely this week,” Bessent …

Modi Hugs Putin and Hails Russia Ties in Defiance of a Jilted Trump

Modi Hugs Putin and Hails Russia Ties in Defiance of a Jilted Trump

Prime Minister Narendra Modi declared India and Russia share a “special” relationship, standing by each other in difficult times. Modi said India and Russia have a special and privileged partnership, and that India “eagerly” awaits Putin’s visit later this year. The meeting between Modi and Putin comes at a time when their relationship is under …

Ukraine conflict stokes oil supply fears as well it should

Ukraine conflict stokes oil supply fears as well it should

Crude oil prices increased by more than 1% on Monday as investors’ fears of supply disruptions grew amid intensifying attacks between Ukraine and Russia. Ukrainian President Volodymyr Zelensky announced yesterday that his country was preparing new “deep” strikes against Russia, while German Chancellor Friedrich Merz stated he is bracing for a “long war” in Ukraine …

Court rules most of Trump’s tariffs illegal…… Trump blasts tariff ruling, invokes SCOTUS

Court rules most of Trump’s tariffs illegal…… Trump blasts tariff ruling, invokes SCOTUS

A United States court of appeals ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs on foreign nations, confirming a decision by a lower court that declared these duties invalid. In a 7-4 ruling, the court found that Trump lacked authority under the IEEPA to …