The Russian President is due to hold talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan and Saudi Arabia’s Crown Prince Mohammed bin Salman
Saudi Arabia, Russia will continue with their respective production cuts in a bid to “balance the global oil market”
Oil prices rose above $90 a barrel for the first time in 2023 on the back of the announcements made by Saudi Arabia and Russia
The world’s third largest oil importer has increased its purchase of oil from Saudi Arabia
The BRICS grouping has announced an expansion in its ranks with six new members, including UAE, Saudi Arabia, Ethiopia and Egypt
Forecasters predict OPEC+ to keep output steady due to demand in China, and the current curbs, should rapidly deplete world inventories
The airline will operate three flights weekly, starting from October 1, 2023
West Texas Intermediate fell toward $77 a barrel after dropping the most since the banking crisis in March last week
The carrier has grown its network to 114 destinations
Air Arabia operates the Airbus A320 and A321 neo-LR aircraft
The two leaders reviewed a number of regional and international issues, and developments of common concern
As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading
Global benchmark Brent topped $122 a barrel, hitting a two-month high
Oil has rallied by more than 50 per cent this year in extremely volatile trading
West Texas Intermediate futures fell below $103 a barrel in early Asian trading
US crude output will grow at a slower pace than previously expected
West Texas Intermediate futures slid 5 per cent to trade near $102 a barrel, trimming a monthly advance
Brent futures briefly surged to a 13-year peak near $139 a barrel earlier this month
Bullion has gained 12 per cent this year
The elevated prices are triggering concerns about growing food insecurity
The aircraft landed in Lublin and the aid was handed over to the Ukrainian authorities in Poland to be further transported to Ukraine
Brent crude surged as much as 18 per cent after opening on Monday
Sheikh Mohamed stressed the need for a peaceful solution to the Ukraine crisis in a way that maintains the interests and national security of all parties
Emirates said that the decision was made due to the closure of airspace over certain areas
OPEC+ meets on March 2 to decide on output for April
Russia is a key supplier of energy to global customers
Crude surged to the highest since 2014 last week
OPEC and its partners are trying to gradually restart production halted during the pandemic
Oil has rallied on improving demand and supply outages, putting $100 a barrel within reach