Tag: Russia
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BRICS invites Saudi Arabia, Egypt and four others to join
Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in...
‘BRICS bank’ looks to local currencies as Russia sanctions bite
Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase...
Oil holds steady near four-month high on OPEC+ cuts
Oil prices hovered near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to extend supply cuts through September, further...
Shell’s profits tumble 56% to $5 bln as energy prices cool
Shell (SHEL.L) on Thursday reported a 56% fall in second-quarter profit to $5 billion as oil and gas prices and refining profit margins fell, prompting the...
Brent oil hovers above $81 after supply disruptions
Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and...
