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Gazprom's $6.84 billion loss signals major shifts in global energy markets and Russian economic strategy. (Photo: Gazprom)

2 min read

Russian energy Gazprom reports first loss since 1999

Post Date 05/02/2024

In a surprising turn, Russian energy giant Gazprom announced a staggering loss of 629 billion rubles ($6.84 billion) for the previous year, marking the first [more…]

Russia implements oil production cuts to align with OPEC+ targets, supporting global oil prices. (Photo: Investopedia)

2 min read

Investing & Markets Russia Ukraine

Russia orders oil output reduction to meet OPEC+ target, boosting global prices

Post Date 03/25/2024

In a move to fulfill its commitment to OPEC+ and support international oil prices, the Russian government has directed companies to decrease oil production in [more…]

Markets brace for volatility as U.S. inflation data and central bank speeches to drive investor sentiment. (Photo: TSE)

2 min read

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Rollercoaster week ahead for investors as markets eye U.S. inflation data

Post Date 03/24/2024

Investors are gearing up for a potentially tumultuous week as Asian shares cautiously inched higher on Monday. The market mood remains cautiously optimistic, with hopes [more…]

Ukraine drone attack targets Russian oil facilities. (Photo: Euro News)

3 min read

China Investing & Markets Iraq Russia Saudi Arabia U.S. Ukraine

Oil prices reach four-month high on supply disruptions and economic growth signs

Post Date 03/18/2024

In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]