Category: Economy

4th March 2022

Germany’s €100-billion army fund: a remarkable change in post-war policy in response to the Ukraine crisis

If you’d asked experts just a fortnight ago what the key features of Germany’s approach to foreign and defence policy were, there would have been several strands. Alignment with the west, and of course...

Oil Economy

2nd March 2022

Oil prices surge over 7% as global crude reserve release disappoints

Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia’s invasion of Ukraine. Members of...

Opinion / China / European Union / Trade

24th February 2022

EU-China Trade Issues

Introduction. Trade relations from the past four decades between the European Union (EU) and China- the major geopolitical players have been facing concavity with the EU identifying Beijing as the systemic rival, because China...

Oil Economy / Europe / Russia

16th February 2022

Oil prices recoup losses as Russia-Ukraine tensions ease

Oil prices recouped losses on Wednesday after slipping more than 3% in the previous session, as investors gauged the impact of easing Russia-Ukraine tension against a taut balance of tight global supplies and recovering...

Oil Economy

10th February 2022

Analysis: After oil, gas and coal, global fuel shortage spreads to diesel

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude...

Oil Economy

1st February 2022

Oil spill pollutes nature reserve in Ecuadoran Amazon

An oil spill in eastern Ecuador has reached a nature reserve and polluted a river that supplies water to indigenous communities, the country’s environmental ministry said Monday. Nearly two hectares (five acres) of a...

Trade / Economy

24th January 2022

Foreign Direct Investment flows to India in 2021 were 26 per cent lower: UN report

Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said. The UN Conference...

Sri Lanka / Economy

18th January 2022

Explainer: Sri Lanka on the edge as debt burden mounts

Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay its creditors. On Tuesday, the island nation will repay $500...

Trade / Economy

13th January 2022

Egypt’s Suez Canal targets 15% share of global energy trade by 2040 – statement

Egypt’s Suez Canal aims to have a 15% share of global energy trade by 2040, up from 8% in 2019, the canal authority said on Wednesday. The increase would come from “adopting flexible marketing...

Oil Economy / Opinion

11th January 2022

Strategic Petroleum Reserves and Its Significance

What is Strategic Petroleum Reserves (SPR) GSPRs are reserves of raw petroleum kept up by nations or private enterprises as a fence against potential future energy emergencies. They are a line of defence against...