Has OPEC+ reached its peak production capacity?
The OPEC+ production pact reached in April 2020 is set to end a month earlier than originally planned, in August 2022. The oil major, however, is already facing its next…
Austrian chancellor speaks of ‘extraordinary times’ as country prepares to reopen coal-fired power plant after gas threat from Russia
At the Mellach coal-fired power station in southern Austria, cobwebs have invaded the conveyor belts, and plants and flowers have grown around the vast land that was once used to…
The Russian ruble is the strongest currency in the world this year
Even as Russia marks a historical default on its debt, the national currency strengthens. The ruble hit a new high against the dollar this week, continuing its streak as the…
G7 oil price cap for Russia: easier said than done
The idea of capping Russian oil export prices in order to keep oil flowing but reduce Kremlin revenue may seem rather exotic at first glance, but the idea has been…
Why did Russia default on its foreign debt? And what will be the impact?
After sanctions were imposed for its war in Ukraine, Russia defaulted on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating…
G7 oil price cap for Russia: easier said than done
The idea of capping Russian oil export prices in order to keep oil flowing but reduce Kremlin revenue may seem rather exotic at first glance, but the idea has been…
Italian economy enters choppy waters – POLITICO
Press play to listen to this article Italy's smooth sailing is about to come to an end. A combination of factors - its Prime Minister's 'Super Mario' brand, negative interest…
Avoidable or inevitable recession? The view of billionaire David Rubenstein
Much of the US market's attention has been on the Federal Reserve's more aggressive interest rate hikes as reason for recession fears. But Carlyle Group co-founder and co-chairman David Rubenstein,…
Avoidable or inevitable recession? The view of billionaire David Rubenstein
Much of the US market's attention has been on the Federal Reserve's more aggressive interest rate hikes as reason for recession fears. But Carlyle Group co-founder and co-chairman David Rubenstein,…
G7 summit leaders pledge to continue supporting Ukraine ‘as long as it takes’ in fight against Russia
The leaders of the world's dominant economic powers again backed Ukrainian President Volodymyr Zelenskyy, pledging to support his country's fight against the Russian invasion "as long as it takes".Key points:US…
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