Oil shortage in Sri Lanka, foreign exchange crisis

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Sri Lanka is in a foreign exchange crisis This has led to currency fluctuations and has affected the flow of essential commodities such as food, medicine and fuel, which has led to International Monetary Fund (IMF) For help. The country’s inflation rate, which was 17.5 percent in February – the highest since 2015 – is … Read more

EU imposes sanctions on Russian oil imports

WTI Daily Crude Oil

According to the WSJ ‘senior diplomats’, support for Russia’s oil embargo is growing in the European Union. The report states that the move is far from over and that Germany is willing to move forward and will only consider restrictions if the situation in Ukraine worsens. Natural gas cuts are not understandable. “It was being … Read more

Crude oil extends upward

Crude oil

Crude oil comes out of the support Price of Crude oil Crude oil Crude oil is one of the most important trading tools in the energy sector, which is exposed to global market conditions, geopolitical risks and economic vulnerabilities. The device is systematically based and located in the global economy. Crude oil has been found … Read more

Sasfin: Forex Daily Market – Oil is heading for weekly gains –

Today’s topic Oil update Analysis: Oil is going to make a weekly profit, offsetting fears over the Omicron variance and lifting many travel restrictions initially imposed upon availability. As we enter the Christmas break, Brent’s contract for the previous month is trading at over $ 76 a barrel, and we are heading for more than … Read more