OPEC is still cautious amid jumps in world oil prices and sharp consultations with producers
At the same time, there is not a single mention in the document of a possible cut off of the Russian Federation from world oil supplies, despite the US sanctions and the tough position of a number of European states (especially the UK). Moreover, the report continues to indicate that oil production in Russia in 2022 will increase to an average of 11.76 million barrels per day from 10.8 million b/d in 2021.“In addition to the ongoing Covid-19 pand...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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