Browsing: Oil and gas prices

The United States questioned the OPEC+ resolution on oil and gas output, calling it a “short-sighted decision.”

Brent crude, the international benchmark, has fallen from $123 in mid-June to $93.50 in September, a 24% change.
OPEC+ resolved to cut daily oil production output by two million barrels on October 5, 2022.
The OPEC+ resolution aggravates Africa's economic troubles, notably its goal to boost the price of oil per barrel.

Oil prices have come down following a summer of highs. Brent crude, the international benchmark, has fallen from $123 in mid-June to $93.50 in September,...

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  • Ukraine is looking to climb up the global stage by joining NATO and EU
  • Ukraine shares a border with Russia and used to be part of the Soviet Union
  • Russian President Vladimir Putin seeks to demilitarize and ‘de-NAZI-fy’ Ukraine

Ukraine is looking to climb up the global stage and steadfastly develop the future and joining the North Atlantic Treaty Organization (NATO) and the European Union (EU) are some of the steps.

On the other hand, these two directions of its ambitions have angered Russia. As already known, Ukraine is in Eastern Europe and shares a border with Russia. It used to be part of the Soviet Union but became independent in 1991.

Under the directorship of Russian President Vladimir Putin, and approved by the both Federal Council and the State Duma, Russian collective made the decision to hold a special military operation in response to the address of leaders of …