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Economy
A new wave of attacks has transformed the Black Sea into an expanding battlefield, as both Ukraine and Russia intensified operations targeting critical energy and maritime infrastructure. The recent strikes have drawn international attention due to their potential impact on energy security and global......
A growing number of Russian oil tankers are stuck at sea as sanctions, logistical bottlenecks, and recent attacks in the Black Sea intensify bottlenecks across Asian ports. The disruptions highlight the growing strain on Russia’s so-called “shadow fleet” a network of aging vessels......
A Ukrainian drone strike set off a large-scale fire at a major petrochemical facility in southern Russia over the weekend, marking another escalation in the ongoing energy confrontation between the two countries. The attack targeted the Stavrolen complex in the Budyonnovsk district of Stavropol Krai,......
Russia’s oil trade is under growing strain after a new wave of Western sanctions targeted companies, traders, and vessels linked to its so-called shadow fleet. Britain and the European Union unveiled coordinated measures aimed at curbing Moscow’s circumvention of energy restrictions and tightening......
Russia revealed for the first time that its direct expenditure on the war in Ukraine will surpass $137 billion in 2025, a disclosure that sheds light on the mounting fiscal burden of the prolonged conflict. Defense Minister Andrey Belousov announced that the country will allocate 11.1 trillion rubles......
Gold prices steadied close to their record peak on Thursday, while silver and platinum continued to test fresh highs as investors awaited key US inflation data and central bank decisions that could shape global monetary policy through year-end. Spot gold hovered around 4,334 dollars an ounce, roughly......
The United States is preparing new sanctions against Russia’s energy sector in case President Vladimir Putin rejects the latest peace proposal aimed at ending the war in Ukraine. According to reports, the measures would target a network of vessels and intermediaries involved in transporting Russian......
Global oil prices have plunged to their lowest level in four years, driven by renewed hopes for peace talks between Russia and Ukraine and mounting concerns about a worsening supply glut. Brent crude slipped below 60 dollars a barrel, while West Texas Intermediate traded near 56 dollars, as markets reacted......
Oil prices dipped as fears of excess supply overshadowed geopolitical tensions, which have long shaped market sentiment. Despite ongoing uncertainties linked to the war in Ukraine, traders shifted their focus to the growing imbalance between global oil production and consumption. Benchmark Brent crude......
Ukraine carried out another targeted drone attack against Russia’s Ryazan oil refinery overnight, intensifying its ongoing strategy to weaken Moscow’s energy production network. The strike, the ninth of this year on the facility, triggered explosions and a fire at what is considered one of......
Russia is evaluating a rescue package for its state-owned rail company, Russian Railways, which faces an overwhelming debt burden of 4 trillion roubles ($51 billion). The company, the country’s largest commercial employer with 700,000 staff, has seen revenue decline amid a slowdown in the wartime......
Oil prices have plummeted amid growing forecasts of a historic supply surplus extending into 2027, raising concerns among investors and analysts about prolonged market imbalance. Despite geopolitical uncertainties, the market is bracing for a significant glut driven by supply outpacing demand at an unprecedented......
Egypt celebrated a significant milestone in its nuclear energy program with the installation of the first reactor pressure vessel at the Dabaa Nuclear Power Plant. The ceremony, attended virtually by Egyptian President Abdel Fattah al-Sisi......
