Saudi Arabia and Russia cut oil supply again
Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to…
oil
Largest rate hike by the Fed since 1955
In response to soaring inflation that will not go away, the Federal Reserve increased its key interest rate again, this time by three-quarters of a point. And it’s just the…
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Biden leans toward visiting Saudi Arabia as gas prices soar
Doesn’t anyone in the United States remember gas prices under former President Donald Trump, or was his Tweeting the only thing people can remember? Under Biden, gas prices have soared,…
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EU ban on Russian oil might not have much impact
Although the European Union has declared a groundbreaking move to ban almost all oil from Russia, the effects may not be felt much due to other countries agreeing to buy…
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Ahmad Al-Yassin, When hard work turns into a success story
Ahmad Al-Yassin, When hard work turns into a success story Mr. Ahmad Al-Yasin is a Jordanian businessman and one of the pioneering Arab investors in the stock market sector in…
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What about taxing carbon to combat climate change?
Some environmentalists think one way to deal with climate change is to charge companies for CO2 emissions. Pennsylvania has just adopted this policy, joining 11 other states that require coal,…
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India and China complicate Biden’s diplomacy with oil sales
While President Joe Biden is trying to round up world leaders to unanimously oppose Russia’s war in Ukraine, China and India are making things more difficult by increasing its imports…
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Oil, sanctions: How Congress pushes Biden to act on Ukraine
The administration hit the brakes on legislation that would have revoked Russia’s normal trade status, until President Joe Biden announced the move Friday, which has been getting growing support from…
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Gas prices hit another record high, $4.25 per gallon
Inflation and the Russian-Ukraine war are causing gas prices to soar, breaking another record at $4.25 per gallon on average across the U.S. The United Arab Emirates said Wednesday it…
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Ukrainians distraught in Mariupol, unable to escape
Russia failed to allow civilians escape through humanitarian corridors from the seaport of Mariupol, leaving them stranded without food, water, electricity and medicine. Russia has made another promise to allow…
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Lower day for stocks on Tuesday due to oil prices
It’s been a jarring last few days for the stock market due to the Russia-Ukraine war, sanctions on Russia, and now a ban on Russian oil. It has also rocked…
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