Tag: Russia

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Saudi diesel imports from Russia, exports to Singapore hit records

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to...

World Bank report: Russia’s invasion of Ukraine and cost-of-living crisis dim growth prospects in emerging Europe and Central Asia

Economic activity in the Europe and Central Asia region is likely to remain subdued this year due to the ongoing fallout from Russia’s invasion...

Oil prices jump in blow to global inflation hopes

Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for...

Oil gains for 3rd day on Kurdish supply concern, easing banking fears

Oil rose for a third straight session on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supply, and...

Oil gains some ground as investors assess banking crisis, Russia

Oil prices rose on Monday as investors assessed efforts by authorities to rein in worries about the global banking system, while Russian President Vladimir...

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Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

Ghana fails to reach debt deal with international bondholders

Ghana has failed to strike a deal with two...

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