A fascinating read on how the members of OPEC came through with the deal to cut their respective oil production and help reduce the glut in the global oil market. It appears that Russian President Vladimir Putin has played a… Read More ›
Russia
OPEC creates milestone by deciding to limit oil prices from January 2017
OPEC will now meet non-cartel members on December 9 to convince them that they should do the same. In a historical development, the world’s largest oil exporters have agreed on a cut to their oil production for the first time… Read More ›
Europe to boost defence spending
Facing threats from several fronts, military commanders from NATO and EU have decided to boost military spending. Top European military & NATO officials gathered in Berlin to discuss ways to deal with threats facing Europe and address concerns raised by… Read More ›
Russia-Saudi’s oil pact could limit the glut in the global oil pool
The pact needs to be operationalized into an oil freeze deal which could then see reduction in crude oil production from two of the world’s top producers. In a development that could potentially have far reaching consequences, Russia and Saudi… Read More ›
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