India’s largest oil and gas company, Indian Oil Corporation (IOC), bought three million barrels of Urals crude oil from Russia on Wednesday, the Deccan Herald newspaper reported citing trade sources.
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The United States will probably enter a recession if oil prices continue to soar and surpass $200 a barrel, Goldman Sachs chief economist Jan Hatzius said on Thursday. “We estimate that it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated…
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A group of politicians from the Christian Democratic Union of Germany (CDU) in Berlin have proposed to remove a monument to Communist leader Ernst Thalmann, sell it for scrap, and use the money to help Ukrainians during the ongoing conflict with Russia.
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