[ad_1] Russian Energy Minister Nikolai Shulginov has said his country is not giving Pakistan oil at a special discount. “Oil deliveries to Pakistan have begun. There is no special discount; for Pakistan, it is the same as for other buyers,” according to Russian state media. Speaking to reporters on the sidelines of an international economic … Read more
[ad_1] The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average hourly earnings rose at an annual … Read more
[ad_1] PARIS: The International Energy Agency (IEA) on Tuesday said that oil prices are expected to increase from current levels of around $85 a barrel due to the recent decision by Opec+ to reduce production and warned that it could “put a burden” on the Indian economy and consumers.The agency, which tracks energy markets in … Read more
[ad_1] LONDON: The shock announcement by several OPEC+ members to voluntarily cut their oil production by more than a million barrels per day from May has sent world oil prices soaring, in a move widely seen as the tightening of the bond between Russia and Saudi Arabia.This is what you need to know about Sunday’s … Read more
[ad_1] Gulf oil giants Saudi Arabia, the United Arab Emirates and Kuwait announced a coordinated cut in oil production. (Representative image/Reuters) The cuts, of a combined 772,000 barrels per day (bpd), will take effect from May and last for the rest of the year, they said in statements released by official media Gulf oil giants … Read more