Tag Archives: soaring

The spike in oil prices to the highest in years after OPEC+ said it will not add more barrels than the initially agreed 400,000 bpd monthly was expected. The forecasts by bank analysts that oil could go higher before the year is over were also expected. Now, some are expecting …

Speaking on Wednesday, Merkel noted that Russia has never refused to deliver gas and has fulfilled its contractual obligations. “That’s why we should ask the question: was enough gas ordered, or is the high price at the moment maybe the reason for not ordering so much?” Merkel asked, according to …

The cartel members and their allies, including Russia, Mexico, and Bahrain, will increase their output by 400,000 barrels a day from August. Production is expected to be raised until all of the previously halted output is restored. The deal is expected to see the OPEC+ countries ramping up their total …

It’s one of the fastest-growing diseases in the world. It’s a major cause of blindness, kidney failure, heart attacks, strokes and amputations. Around 40 years ago, just over 100 million people suffered from it worldwide – today that figure is a whopping 450 million. And in 20 years’ time it’ll …

On Wednesday, the markets were spooked as the Consumer Price Index saw US inflation hit a 13-year high at 4.2%, significantly exceeding expectations. This is an obvious product of astronomical stimulus money being poured into the US economy in a bid to offset the impact of Covid-19, inflating incomes and …

According to the source, the country purchased a record 321 tons of gold in the first quarter, up from 124 tons a year ago. In value terms, imports surged to $8.4 billion from $1.23 billion, the source said.  Analysts predict that higher imports by one of the world’s top bullion consumers …

The traffic jam has trapped freighters with goods and oil products worth over $10 billion, according to the latest estimates by Bloomberg. The agency added that the losses the global economy will eventually sustain are currently difficult to access. The cost of delivering a standard dry-cargo container with a total …

“We just think that sand is everywhere. We never thought we would run out of sand, but it is starting in some places,” a climate scientist with the United Nations Environment Program (UNEP) Pascal Peduzzi said during a webinar hosted by the Chatham House think tank. “It is about anticipating …

Thanks to skyrocketing Tesla shares, Musk’s net worth surpassed $200 billion dollars for the first time, and now stands at $209 billion, according to Bloomberg Billionaires Index. Since Thursday, he has extended his lead over the previous leader of the rich list, Amazon founder Jeff Bezos, who now trails Musk …

The luxury house, which hovers over the coast of Australia. The team of architects from the Australian F2 Architecture firm have presented elegant luxury house built using the techniques of perspective. The building seemed to hover above the coast of South Australia. The illusion of it floating is created from …