... cool off oil prices, which soared as a result of sanctions on Russia for the invasion of Ukraine.
However, prices kept rising due to tight supply and worries that
is coming close to running out of spare capacity to raise output.
told US President
this week that he was told that Saudi Arabia and the United Arab Emirates can barely increase oil production.
Oil prices went up for a fourth day on Wednesday, with
close to US $120 per barrel on spare capacity ...
asked the UN Security Council to designate Russia as a terrorist state. President
called on the United States to recognize Russia as a sponsor of terrorism. President of France
said there was no need for the term state sponsor of terrorism in relation to Russia to impose sanctions on it.
Stene Dujarric, Spokesperson for the
Secretary General Antonio Guterres, said such decisions are not within the competence ...
Russia has warned the EU, the US and their allies not to provide Ukraine with weapons, saying that it will only prolong the conflict. Western leaders have ignored the statements. On Sunday, the UK Prime Minister
and French President
agreed to continue supporting
militarily to strengthen their hand in both the war and any future negotiations. The G 7 leaders seem to have agreed to maintain economic pressure on Russia as it continues its offensive in Ukraine. The British ...
... capacity of its quota of 3.168 million barrels per day bpd and that Saudi Arabia could increase its output by just 150,000 barrels per day, which is below its nameplate spare capacity of around 2 million barrels per day, according to French President
The number of active rigs in the group posted a rebound and new completed wells declined, as prices and demand recovered from the worst of the COVID pandemic.
Political unrest in Libya and Ecuador could cause tighter supply, according to analysts....
... Arabia and the UAE have been seen as the only two members of the Organization of the Petroleum Exporting Countries
with spare capacity to make up for lost Russian supply and weak output from other member nations.
According to French President
, the UAE's energy minister
said the emirate was producing near the maximum capacity of its quota of 3.168 million barrels per day bpd, and that Saudi Arabia could increase output by only 150,000 barrels per day, which is less ...
... her remarks caused a diplomatic storm and embroiled India in a diplomatic storm, with the governments of nearly 20 countries calling in Indian envoys for an explanation.
In 2020, the row followed anger across the Muslim world after French President
defended the right of a satirical magazine to publish caricatures of the prophet.
Images of the prophet are strictly forbidden in Sunni Islam.
In October 2020, a Chechen refugee beheaded the French teacher
after showing his class in ...
... through the rubble of the shopping mall where authorities said 36 people were still missing.
Officials also reported a strike in the
region, far from any frontline.
The mall attack attracted a wave of global condemnation, with France's EmmanuelMacron calling it a war crime. Ukraine said Moscow had deliberately killed civilians in Kremenchuk. Russia said it had struck a nearby arms depot and falsely claimed that the mall was empty.
Russia's goal is for as many Ukrainians as possible to stop ...
... which hinders our capacity to enter into relationships with our European friends. Australia's Prime Minister said that Mr S nchez acknowledged the change in Australia's climate policy, just days before Mr Albanese is expected to meet French President
That was having an impact on our relations with our friends in Europe, according to Albanese.
France was furious when Australia canceled a $90 billion dollar submarine contract with a French company and some
politicians expressed concerns....