Economics

This is the season of “resetting” if seen from the angle of Syria’s stormy weather. The US seems to be stepping back from its unrealistic rush to enact an elusive ceasefire even at the expense of giving the Russians more space to lead, the Russians understand that if …

Oil rates have recently witnessed fluctuations after reported intentions of Saudi Arabia and Russia cutting back their production to support oil prices. Rates increased after OPEC announced collaboration supporting oil prices side by side with extra-OPEC producers. London and New York based oil markets had closed weekly trade …

F. William Engdahl If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 …

The new sanctions prevent 11 entities and individuals linked to the missile program from using the US banking system. The move came after international nuclear sanctions on Iran were lifted as part of a deal hailed by President Barack Obama on Sunday as “smart”. Four American-Iranians were also …

LANA CLEMENTS China’s has the second largest economy in the world and represents around 12 per cent of global GDP and 18 per cent of global manufacturing exports. At the same time, it has built up huge levels of debt within its stock market helping to create a …

According to the International Monetary Fund, Saudi Arabia’s economy is in danger of collapse as oil prices grow increasingly unstable. The warning appeared in the “Regional Economic Outlook” for the Middle East and Central Asia published on Oct. 15, an annual report published by IMF economists. Adam Leyland, …

Petrol and diesel are set to become cheaper than bottled water after a collapse in the value of oil, experts have predicted. The RAC said that fuel prices may drop as low as 86p a litre — the lowest for at least seven years — after a dramatic …

Plummeting oil prices may challenge the established geopolitical status-quo and even result in war and turmoil, experts warn. Will the petroleum-centric world of the past half-century be restored again soon? The current slump in oil prices has affected giant oil corporations and the ancillary businesses; it also threatens to undermine …

By Jason Ditz Iran was initially not expected to implement everything until spring, and early on US officials were expressing annoyance that Iran was complying “too fast.” It’s been coming for awhile, but according to Secretary of State John Kerry, Iran is just “days” away from a final …