Warsaw, Poland - As Vladimir Putin touches down in the Middle East later on Wednesday for visits to the UAE and Saudi Arabia, the Russian leader is brimming with confidence that would have been unimaginable six months ago. A much-touted Ukrainian counteroffensive that was once expected to carve through Russian...
IEA’s call to halt oil investments will hurt market
His remarks came after the IEA Executive Director, Fatih Birol, criticized OPEC+ for their unexpected decision to reduce oil output by 1.66 million barrels per day from May until the end of 2023. Birol labeled finger-pointing and misrepresenting the actions of OPEC and OPEC+ as "counterproductive."
Italy’s Prime Minister Giorgia Meloni begins Algeria visit
Italian Prime Minister Giorgia Meloni and several ministers arrived in Algeria on Sunday, state media reported, ahead of meetings with top officials in the gas-exporting giant.
EU lifts sanctions on Syria’s Cham Wings airline
The European Union said Wednesday it has lifted sanctions against Syria's private airline Cham Wings, after the company was blacklisted last year for its alleged role in illegal migration to Europe. "On 18 July, Cham Wings was removed from the list of entities subject to EU sanctions in respect of...
China’s import of oil from Russia jumps 55% in May
The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month.
In Bahrain, Russia’s Lavrov wants Ukraine, West to resolve food crisis
Russian Foreign Minister Sergei Lavrov said Tuesday it was up to the West and Kyiv to resolve a growing global food crisis provoked by the conflict in Ukraine. Russia's offensive in Ukraine and Western sanctions have disrupted deliveries of wheat and other commodities from the two countries, fuelling concerns about...
Uncertainty for Russian tourists in Turkey hotspot as war rages
Dozens of Western countries have banned Russian planes from their airspace while some carriers operating flights to Russia have had their insurance policies cancelled.
US says it is up to Russia, Iran to revive nuclear deal
US State Department spokesman Ned Price has said the US has announced a pause on nuclear negotiation with Iran, and that 'there is very little time remaining' to save the nuclear accord.
