Gulf Producers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

— because the boss of us chip giant intel has warned of a "turbulent world" this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe — rather than relying on asia. it's going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us—china tensions. you know, it's a turbulent world in...

Russia wasn't consuming could be fed back into other markets and that ultimately there would be some kind of rebalancing or reshuffling of the whole global system. that's in theory. in practice i think it would be a lot harder, although certainly some of that oil would make its way back into the system, most likely through china. china is really the key here if we're asking about what happens to the oil market. it depends on how much china takes. china has the ability to take a lot of that, let's say a substantial portion, the majority of that 4.5 million barrels of oil that europe might not t...

Europe wasn't consuming could be fed back into other markets and that ultimately there would be some kind of rebalancing or reshuffling of the whole global system. that's in theory. in practice i think it would be a lot harder, although certainly some of that oil would make its way back into the system, most likely through china. china is really the key here if we're asking about what happens to the oil market. it depends on how much china takes. china has the ability to take a lot of that, let's say a substantial portion, the majority of that 4.5 million barrels of oil that europe might not t...

Middle East oil producers continue to hike their prices despite the fact that heavily-discounted Russian crude is making its way to the same, heavily contested Asian market

Source our president produces some three point eight million barrels a day. of that the country exports two and a half million barrels the majority goes to china india and turkey but other countries including japan south korea and russia are also among the top twelve export destinations. the u.s. delegation is reportedly planning to travel to the middle east next week to urge gulf producers to secure global all supplies after u.s. sanctions are imposed in november. iran's government has promised its people that the country can withstand a revival of sanctions. right hayling has won a court bat...