Slower growth in China has braked the rise in world energy prices and Russian riches, but Beijing has also stepped up its purchases of Russian fossil fuels.
Tag: Oil (Petroleum) and Gasoline
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Biden’s Choice After OPEC Cuts: Woo Saudi Arabia, or Retaliate?
The announcement by the Saudi-led OPEC Plus energy cartel that it would slash oil production was widely seen in Washington as a stab in the back of President Biden.
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Macron’s European Political Community Debuts in the Shadow of War
The French president envisions the European Political Community as a bold way for an independent Europe to flex its muscle. Whether Europe will follow his lead is unclear.
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In Retreat at the Front, Russia Strikes Deep Into Ukraine With Drones
In an attack in central Ukraine, Russian forces used what Ukrainians said were Iranian-made drones acquired by Moscow as its own arsenal dwindles.