Author: Steven Sahiounie

Reuters reported today that Saudi Aramco has guaranteed the supply of full oil shipments for next May to at least four customers in Northeast Asia, despite the reduction in oil production within the framework of “OPEC +”. The Abu Dhabi National Oil Company, the UAE’s ADNOC, has also told three buyers in Asia that it will fully meet delivery commitments for the month of June. This coincides with the decline in demand for hydrocarbons in the Asian region next May due to the temporary closure of many refineries for maintenance. A week ago, 7 countries in “OPEC +” announced simultaneously…

Oil prices rose, in trading today, Monday, supported by the production cuts announced by countries in the “OPEC +” group, starting next May. By 09:55 Moscow time, US West Texas Intermediate crude futures rose 0.12% to $80.80 a barrel. Brent crude futures rose by 0.04% to $85.15 a barrel, according to Bloomberg data. Despite the rise in black gold prices thanks to the “OPEC +” cuts, fears of an economic recession in the world limited the gains. This article was originally published by RT.

In recent days, the ruble has declined against the major currencies in the Russian market, but experts expect the Russian currency to compensate for some of its losses in the coming period. By 12:20 Moscow time, the dollar exchange rate rose by 80 kopecks (rule = 100 kopecks) to 81.99 rubles, while the euro’s exchange rate rose by two kopecks to 89.46 rubles. Last week, the Russian currency recorded 83 rubles against the dollar and exceeded the level of 90 rubles against the European currency, the euro. Experts believe that the exchange rate of the dollar at the present time…

Russia remains the largest supplier of crude to India for the sixth month in a row, as imports rose to a new high of 1.64 million barrels per day in March 2023, according to the oil analytics company Vortexa. The company said that “purchases from Russia doubled last March compared to 0.82 million barrels of oil per day that were purchased from Iraq, which was the largest oil supplier to India in the years 2017-2018.” The company added that “purchases from Russia increased slightly, on a monthly basis, from 1.62 million barrels per day in February 2023 to 1.64 million…

Inflation in Egyptian cities rose to 32.7% in March on an annual basis, from 31.9% in February, according to data from the Central Agency for Public Mobilization and Statistics. With these statistics, inflation is close to its highest levels ever recorded in July 2017, which reached 32.95% at the time, as the data came below the average expectations of analysts. The rise in inflation was driven by a 62.9% year-on-year increase in food and beverage prices in March. Egypt suffers from a rise in the prices of goods and services as a result of the increase in the price of the…

This is a remarkable achievement for the blockchain technology, which has been gaining tremendous traction in recent years. The surge in non-zero addresses indicates that more people are becoming interested in ETH, as they create wallets and invest in the cryptocurrency. Notably, this is a positive sign for the ecosystem, as it reflects the wider adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs) built on top of the Ethereum network. The upcoming Shanghai update, which is scheduled to take place in almost three days, on April 12, is one of the most anticipated events in the cryptocurrency world. The…

They reaffirmed that “stability in the region rests on the healthy relations between its countries rooted in dialogue, respect to the sovereignty and promoting common interests” Presidents Bashar Assad of Syria and Ebrahim Raisi of Iran have condemned Israel’s actions around Jerusalem’s Al-Aqsa mosque, the Syrian president’s office said on Sunday after their telephone conversation. “Assad and Raisi stressed that these attacks reflect Israel’s aggressive policy and are seen as the continuation of its aggression against Syria and civilians, proving its weakness and impotence in the face of the Palestinian people’s resistance and courage,” it said. The presidents reaffirmed that…

Iranian Minister of Cooperation, Labor and Social Welfare, Syed Salt Mortazavi, revealed that the ministry intends to achieve production growth of between 20 and 25 percent this year. Referring to the Ministry of Labor’s plans to achieve the year’s slogan of “curbing inflation, growing production” and creating job opportunities, Mortazavi said, “The Ministry’s program for 2023 is designed to transform various fields, including production.” “This year we intend to increase production first, and it is intended to increase production by between at least 20 and 25 percent at most, so that we can develop appropriate designs to reduce costs and…

Western officials have reportedly expressed shock at the level of detail made public about US spying efforts A recent leak of classified documents on Washington’s war planning in Ukraine has caused turmoil in the Pentagon, forcing officials to step up security, the Washington Post reported on Saturday, citing sources. Several Western officials interviewed by the outlet said they were still trying to assess the damage from dozens of leaked national security papers which grabbed the public’s attention in recent days, with many wondering how the breach had gone unnoticed for so long. While the first media reports on the story…

A German-led exercise involving hundreds of aircraft is scheduled for June and will coincide with a massive US troop deployment NATO is planning to hold its largest ever Air Force exercises this summer, the German Armed Forces announced in a statement. Dubbed ‘Air Defender 23,’ the drills are scheduled to take place between June 12 and June 24 and are expected to involve hundreds of aircraft from dozens of nations. A total of 10,000 soldiers and 220 aircraft are to be involved in the war games, the Bundeswehr said, adding that they are to train “in the European airspace.” The US is to…