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Russo-Ukrainian War
03/20/2022
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By Arsenio Toledo
Oil prices continue to surge amid fears of approaching supply crisis
The price of oil worldwide surged once again on Thursday, March 17, after the International Energy Agency (IEA) warned that the world could experience a massive shortage in the global oil supply by next month. According to the IEA, Russian oil production could shrink by nearly three million barrels per day (bpd) while Russian oil exports could fall […]
03/10/2022
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By Arsenio Toledo
War in Ukraine halts almost all shipping in the Black Sea, threatening global supply chain
The Russian invasion has left hundreds of ships and thousands of sailors stranded in Ukraine. Not only is this predicament endangering their lives, it is also threatening global trade. According to London-based shipping tracker Windward Ltd., around 200 ships with an estimated crew of 3,500 sailors remain stuck at Ukrainian ports since Feb. 24, the […]
03/08/2022
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By Arsenio Toledo
Food crisis incoming: War in Ukraine threatening global food supplies, half a billion people at risk of hunger
The ongoing conflict between Russia and Ukraine is disrupting global food supply chains, and experts have sounded the alarm as the war is threatening the food security of nearly half a billion people who rely on Ukrainian and Russian food exports. Every time a massive war broke out in any part of the world, the end result was […]
03/08/2022
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By Arsenio Toledo
US crude oil surges to 13-year high of $130 a barrel as Russia-Ukraine war escalates
As oil buyers and investors race to replace Russian crude oil, its price has surged to a 13-year high of $130 a barrel. Right around when the Russian invasion of Ukraine began, the price of oil went above $100 a barrel for the first time since 2014. Since then, the price of oil has skyrocketed even […]
03/01/2022
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By Arsenio Toledo
Ongoing Russia-Ukraine conflict pushing global economy closer to collapse
The ongoing conflict between Russia and Ukraine is causing dire ramifications not just for their economies, but for the world’s as well. The economy of the United States is also getting affected. World stocks are already tumbling, while oil prices are soaring as the Russian invasion of Ukraine continues and most Western nations ramp up […]
02/27/2022
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By Arsenio Toledo
Russia selling crude oil at massive discounts as regional conflict turns away regular trading partners
Russia is selling its crude oil at record discount rates as the country prepares for the possibility of tough sanctions from Western nations following the beginning of its war with Ukraine. The crude oil from the oil-rich Ural Mountains region was offered at $11.60 a barrel below Dated Brent, which is one of several internationally […]
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