Author: Steven Sahiounie

In a surprising move, Saudi Arabia and the OPEC+ group of producers have announced a cut in oil production of approximately 1.6 million barrels per day. While the move is aimed at achieving market stability, according to a recent report from the Financial Times, Saudi Arabia is attempting to adopt an economic strategy that is independent of the United States. Saudi’s unexpected cut in oil production The decision to cut oil production comes as a surprise, particularly as it is lower than the expected reduction of 2 million barrels per day that was to be agreed upon during the meeting…

Russian President Vladimir Putin signed a decree according to which the city of Kazan, the capital of the Republic of Tatarstan, will host the meeting of heads of state of the “BRICS” group in the year 2024. And the text of the decree, which was published today, Monday, on the official portal of government information, stated: “Determining (the city of) Kazan as the venue for the 2024 meeting of (BRICS) heads of state.” The Russian President also instructed, by decree, to establish an organizing committee headed by Assistant to the Russian President Yuri Ushakov. Within a month, Ushakov will have…

The planet appears to be at a major crossroads when it comes to meeting climate-related goals. Discussions about how to mitigate the effects of climate change are closely tied to the energy transition, which can broadly be seen as a plan to shift away from fossil fuels to a system in which renewables dominate. It’s difficult to predict how the transition will pan out, given that it depends on a complex combination of factors, such as technology, finance and international cooperation. The topic was covered in detail during a recent panel discussion moderated by CNBC’s Steve Sedgwick. “We need to…

Irina Volk noted that by decision of the Russian Interior Ministry leadership, a group of officers from the ministry’s Main Directorate of Internal Affairs is working in St. Petersburg Law enforcement officers detained Darya Trepova, suspected of the murder of prominent war correspondent Vladlen Tatarsky, in her rented apartment, Russian Interior Ministry Spokesperson Irina Volk told TASS on Monday. “As a result of active search measures, police officers together with their colleagues from the region’s office of the Russian FSB have detained Darya Trepova, suspected of being involved in the blast at a cafe on Universitetskaya Embankment, 25, which killed…

Several OPEC+ members are set to tighten global production by an additional 1.16 million barrels per day until the end of the year, further burdening central bank efforts to curtail global inflation — but critically protecting the alliance’s broader output strategy from political pressures. Washington has stepped in to criticize Sunday’s announcement where eight OPEC+ producers — including group leader Saudi Arabia and key allies Kuwait and the UAE — said they would remove more than a combined 1 million barrels per day from global oil markets, as part of an independent initiative unlinked to the broader OPEC+ policy. This…

Vladislav Shapsha said that Belarus was a very reliable partner for the Kaluga Region, which implemented projects in the industrial, agricultural, scientific, educational and cultural spheres Belarus and Russia have considerably intensified bilateral cooperation amid the complicated geopolitical situation, and Minsk’s contacts with Russian regions have made a significant contribution to this, Belarusian President Alexander Lukashenko said on Monday at a meeting with Kaluga Region Governor Vladislav Shapsha. “Our countries, Russia and Belarus, have become much closer to each other in recent years, and we can say it openly. And not only through our relations at the highest political level,…

The areas where the US occupation forces are deployed in cooperation with QSD militia affiliated with it witnessed excavations for antiquities, looting and smuggling them abroad, and to other unknown bodies of these forces and the separatist militia. Local sources in Qamishli western countryside confirm to SANA reporter that the US occupation forces, which have been positioned on the side of Tell Mozan, south of Amuda, since 2014, have expanded the areas they consider prohibited military zones, in cooperation with QSD militia, and have subjected the area to strict security measures, to facilitate the removal of the artefacts that they…

Germany’s Minister of Economy and Energy pays an unexpected visit to Ukraine on Monday, as he plans to discuss the rebuilding process with Ukrainian officials. Robert Habeck, Germany’s Minister of Economy and Energy, paid a previously unannounced visit to Kiev this Monday morning in order to discuss post-war reconstruction with Ukrainian officials. A Ministry spokesperson confirmed to AFP that the Minister did arrive in Kiev but refused to give further details due to “security reasons”. Habeck traveled by train and was accompanied by a small business delegation, as reported by German media. Among those traveling with Habeck was Siegfried Russwurm, the head…

On the evening of April 2, Russian flag was raised over the building of the city administration in the center of Bakhmut. De jure, the city came under Russian control. However, the clashes are ongoing. The Ukrainian military was forced to retreat to the western outskirts of Bakhmut. The head of the Wagner PMC published his video appeal from the center of Bakhmut, showing the Wagner fighters raising the flags of the Russian Federation and of the Wagner PMC on the ruins of the city administration building. “April 2, 2023, 23:00. We hoisted the Russian flag with the inscription “Memory…

As we embark on a pivotal week for the cryptocurrency market, both Bitcoin and Ethereum prices are in the spotlight, with the US Nonfarm Payroll report serving as a key focus for investors.  The potential impact of this economic data release could influence the trajectory of the leading cryptocurrencies, as market participants closely monitor the unfolding events. Crypto Fundamental Outlook Bitcoin, the world’s largest cryptocurrency, along with Ethereum, has been unable to sustain its upward rally and has lost some of its value, falling below $28k and $1,800 levels. Investors eagerly await the release of two significant economic indicators in the United States –…