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Beijing's embassy in Ukraine announced Monday that most of the approximately 6,000 Chinese nationals previously in the country had been evacuated, as Russia stepped up the shelling of multiple cities. In the weeks leading up to the conflict, Chinese state media dismissed US warnings of an imminent Russian invasion. Unlike many Western nations, Beijing waited until after war
OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country's taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation. The meeting "is shaping up to be one of the most significant since the pandemic demand recovery began, and the key signal will be how much more oil will be added to
Asian markets and oil prices sank while safe havens rallied on Friday over fears of a new Covid variant that scientists warn could be more infectious than Delta and even be more resistant to vaccines, dealing a blow to the global recovery. The B.1.1.529 strain has been blamed for a surge in fresh cases in South Africa and has already been cropped up in Hong Kong, with the
Saudi energy minister expects oil stocks to rise tremendously by end of 2021
India, the world's third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil prices will hurt the nascent economic recovery the world is witnessing after the devastating pandemic and that they have to price oil at reasonable levels, a top official said on Monday. Petrol and diesel prices have shot up to record highs across the country after