Rising crude oil prices and the major economic powers.
Rising crude oil prices and the major economic powers.
Rising crude oil prices
and the major economic powers. The war
in Ukraine, Western sanctions on Russia, and delays in resuming the Iran
nuclear deal have shaken world markets.
The recent rise in
crude oil prices and the prospect of further increases in the absence of a
positive change in the situation have also put the major economic powers in a
precarious position.
In this context,
British Prime Minister Boris Johnson visited the United Arab Emirates and Saudi
Arabia yesterday to persuade them to increase oil production. Western nations
want to gradually reduce their dependence on Russian crude.
Last week, US
President Joe Biden tried to speak to Saudi and Emirati leaders by phone, but
their calls were not answered.
Relations between
Saudi Crown Prince Mohammed bin Salman and the West have soured since the
assassination of Saudi journalist Jamal Khashoggi, and Saudi Arabia is angry
with the United States over Iran's ongoing nuclear talks with world powers.
British Prime Minister
Boris Johnson met with Crown Prince Mohammed bin Zayed of the United Arab
Emirates in Abu Dhabi, after which he arrived in the capital Riyadh to meet
with Saudi Crown Prince Mohammed bin Salman.
If oil production from
these two key members of the Organization of the Petroleum Exporting Countries
(OPEC) increases, crude oil prices could fall in world markets. Last week, the
price of crude oil in the world market reached close to 140 per barrel.
Russia is a major
supplier of gas to European countries, and gas prices have risen sharply since
the Ukraine war. European countries that were already suffering from inflation
due to the Corona epidemic are sinking into the mire of further inflation due
to the Ukraine war.
Although global crude
oil prices have fallen to about 100 a barrel, the main reason is the lockdown to control the Corona
epidemic in China.
Speaking to reporters
in Abu Dhabi, Boris Johnson said Russian President Vladimir Putin's decision on
the Ukraine war had left the world in a state of uncertainty and rising oil
prices. Now Western nations want to end their dependence on Russian gas and
oil.
However, Saudi Arabia
and the United Arab Emirates have remained silent on increasing oil production,
as they are currently benefiting from higher crude oil prices.
At the onset of the
Corona epidemic in 2020, crude oil prices fell to 42 42 a barrel. Russia and
Saudi Arabia have since agreed to gradually increase production under the OPEC
Plus agreement to stabilize oil prices.
Now an increase in
crude oil production by Saudi Arabia and the United Arab Emirates would mean
turning away from an agreement with Russia that they certainly do not want.
Woman fined for protesting on Russian TV
Russia's
state television has fined a woman protesting the war. A Russian journalist has
been fined for disrupting live TV broadcasts during a protest rally. He says he
was interrogated for more than 14 hours.
On Monday,
Marina Osankova chanted "Stop the war" behind a news anchor. He
picked up a note that read, "Don't believe the propaganda, you are being
lied to here."
He was
arrested and interrogated for more than 14 hours. She appeared in court on
Tuesday and was found guilty. He was fined 30,000 rubles or about 280 pounds.
He told
reporters that he had not slept for two days and called it one of the most
difficult moments of his life. He said he was not allowed to contact relatives
or friends and was not given access to legal aid.
He affirmed that his admission had been gotten
through torment and that his admission had been acquired through torment. I
made this decision myself because I do not want Russia to start a war. It was a
tragedy. "
Osankova's
father is Ukrainian and her mother is Russian. He is the editor of state TV and
has said he regrets promoting Russian propaganda.
Its support
is spreading across Russia on social media. "As far as this woman is
concerned, this is an act of mischief," Russian presidential spokesman
Dmitry Peskov said in a statement on Wednesday. He said it did not affect the
health of the Russian government.
Europe's far-right denounces the Russia-Ukraine war but blames the west.Signs of the Ukraine-Russia War, World War III.
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