Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday.

Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes The cost of shipping fuel by sea has in some cases soared above $100,000 a day due to continued disruptions in the Suez Canal and Red Sea caused by attacks by the Houthi rebels, Bloomberg reported this…

The immigration issue has been “broken,” and “it’s long past time to fix it,” the US president has conceded US President Joe Biden has again urged Republican lawmakers to approve a long-stalled budget deal, vowing to shut down his country’s southern border as soon as he’s given the authority to do so.