The Congress of United States approved a new federal budget for 2022 on Thursday with nearly $14 billion in aid for Ukrainewhich includes an economic and humanitarian component, but also weapons and ammunition. The text was voted by the senators of both parties at night. The House of Representatives had approved this aid the day […]
Tag: United States
US moves closer to oil countries with dubious reputations, after Russian invasion of Ukraine
Three disreputable oil regimes that have been spectacularly snubbed by President Joe Biden and previous US leaders – Venezuela, Saudi Arabia and Iran – are now being approached by Washington, at a time when world oil prices fuels reach alarming levels due to the Ukraine crisis. However, it is not clear whether US diplomacy will […]
Possible new sanctions on Russia due to “intensification of atrocities”, says Yellen
Updated on 03/10/2022 12:53 pm Amid signs of an “escalation” in attacks on Ukrainian civilians by Russian forces in their invasion of the neighboring country, the United States and its European allies may impose new sanctions on Moscow, Treasury Secretary Janet Yellen said. “The atrocities they are committing against civilians appear to be escalating, so […]
Inflation in the United States in February reached 7.9%, the highest in almost 40 years
The year-on-year rate of inflation in the United States in February reached 7.9%, that is, 0.8% over what was registered in January. The increase was driven by rising energy prices following the Russian invasion of Ukraine. February inflation is the highest recorded in nearly 40 years (since 1982), the Bureau of Labor Statistics reported Thursday. […]
War in Ukraine: Venezuela’s oil can meet US demand, says union
The war in Ukraine unleashed the crisis in the oil priceafter the sanctions imposed on Russia from United Stateswhich led to a rapprochement between the Joe Biden administration and Venezuelaand could represent an unexpected turn for Caracas, despite the support of Nicholas Maduro to Vladimir Putin. “The level of reaction of the United States approaching […]
Oil prices fall, but there is still anxiety
Oil prices sank in the international market this Wednesday, after four consecutive sessions of gains due to the war in ukraine. The inapplicability of an embargo on Russian oil in the European Union, the diplomatic opening to resolve the war conflict and a request to increase the production of crude oil from the United Arab […]
Biden’s dangerous oil diplomacy
How far can you go to contain rising gasoline prices? Joe Biden has engaged in dangerous oil diplomacy to make up for the loss of Russian crude, exposing himself to charges of turning to “dictators” and undermining his own “battle” for democracy. The high-level delegation that traveled to Caracas tried to go as unnoticed as […]
Oil and commodity prices could cost more than 4% of global GDP, according to Trafigura
Rising prices of raw materials, from oil to wheat, in the wake of Russia’s invasion of Ukraine could cost the world economy the equivalent of at least 4% of Gross Domestic Product (GDP), the brokerage said. Trafigure. Oil prices, which Trafigurebased in Geneva, Already expected to hit $150 a barrel before the invasion, they could […]
Oil Price Rises to $130 After US Ban on Russian Crude Imports
Oil prices rose on Wednesday on fears of a possible supply crisis following the US ban on imports of Russian crude, and signs that some buyers are already rejecting them. Brent crude futures were up $2.91, or 2.27%, at $130.89 a barrel by 0520 GMT, after rising 3.9% the day before. US West Texas Intermediate […]
Pfizer will soon submit data from fourth dose of vaccine to FDA
Updated on 03/09/2022 06:22 am Pfizer Inc. will soon submit data to U.S. regulators on a fourth dose of its COVID-19 vaccine, Chief Executive Officer Albert Bourla said. Bourla said he spent Tuesday morning reviewing new data from several flu vaccine studies. covidincluding one looking at the effects of a fourth dose of the currently […]