Blast at north Iraqi airport raises tension in Kurdish area
By Anjan Roy So much for the much vaunted solidarity in the free world. The liberal and democratic nations of western Europe and America had vowed they were all standing firmly behind the besieged Ukraine to defend the free world against alleged Russian autocracy. The wide-ranging sanctions against Russia are starting to bite the western […]
The post French President Macron’s Visit To China Divides Western Nations On Ukraine Issue first appeared on IPA Newspack.
Matein Khalid I must thank Saudi Arabia’s prince Abdulaziz for the very welcome 7% (pre-market) rise in APA Corp (APA), Marathon Oil (MRO) and Schlumberger (SLB). My three large cap stooges in the universe of black gold. The Saudi Oil Minister had sent numerous smoke signals that speculators were shorting paper oil, whose volumes are often 15 to 20 times the 100 million barrels a day consumed […]
By Anjan Roy The world has suddenly been pushed into a deeper crisis by a sudden decision of Saudi Arabia to cut oil production. Following the Saudi decision, the OPEC-plus members have also announced commensurate reduction in their oil production. Russia, Kuwait, UAE, Iraq, Algeria and Oman have also declared production cuts. The cuts will […]
The post Oil Producers Send The Global Economy In A Tizzy With Sudden Production Cut first appeared on IPA Newspack.