With the aim of gaining more benefits from its exports of minerals such as cobalt and copper, the Democratic Republic of Congo has developed plans for focusing on developing a domestic industry to manufacture battery capacity, said the country’s government… Read More ›
Geopolitics
‘Artificial Tightness’ In Energy Markets Criticises IEA Chief
The chairman of the world’s largest energy authority has criticized “artificial tightness” in energy markets for failing to take a supportive stance to calm skyrocketing oil and gas prices. ″[A] factor I would like to underline that caused these high… Read More ›
Ruling by Poland’s Constitutional Tribunal widens possibility of Polexit
In a significant development that once again casts a shadow on the concept of the European Union, Poland’s Constitutional Tribunal ruled that the European Court of Human Rights has no power to question its appointment of judges. The ruling by… Read More ›
US to auction 32M of sour crude from 4 Strategic Petroleum Reserves sites
In a statement, the US Department of Energy said, the United States has launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites which will be delivered between late-December and April 2022. Washington’s sale… Read More ›
Release Of Global Oil Reserves Is ‘A Drop In The Ocean’, Says Goldman Sachs
According to Goldman Sachs analysts, a coordinated release of government oil reserves by a number of oil importing countries headed by the United States may add approximately 70 million to 80 million barrels of crude supply to the market, which… Read More ›
India-US agree to expand trade ties on agricultural products
In a significant development, India and the United States agreed to expand trade on some agricultural products, including US distiller dried grains, cherries, alfalfa as well as Indian mangoes, grapes, shrimp and water buffalo meat. In a joint statement following… Read More ›
Biden Administration invites Taiwan to Summit of Democracy
In a significant development, the Biden Administration has invited Taiwan to its “Summit for Democracy” scheduled to take place next month. The summit, the first-of-its-kind gathering of democracies, marks a test of US President Joe Biden’s assertion that he would… Read More ›
Saudi Arabia warns of imminent danger to navigation in Red Sea from Iran-backed Houthi forces
On Monday, in a statement Saudi Arabia’s state media reported, it has detected the movement of Houthi forces which pose an imminent danger to navigation and global trade, south of the Red Sea. The Saudi-led coalition fighting the Iran-backed Houthi… Read More ›
Chinese, Russian warplanes intrude into South Korea’s Air Defense Identification Zone
On Friday, South Korea’s military said, it had scrambled fighter jets following 2 Chinese and 7 Russian warplanes entered its air defense identification zone. Beijing called the intrusion regular training. In a statement Seoul’s Joint Chiefs of Staff (JCS) said,… Read More ›
France, Germany calls on Russia to return to negotiating table on Ukraine based on approved formats and agreed principles
Germany and France accused Russia of breaking diplomatic protocol after Moscow published their confidential correspondence over Ukraine, in signs of deteriorating ties between the EU and Russia. Russia’s foreign ministry has released a number of diplomatic exchanges in the form… Read More ›