Oil prices dip to their lowest level in 2022 as Covid protests in China intensify

Protests against draconian Covid-zero measures have spread in China as frustrations build after three years of pandemic restrictions. Kevin Frayer/Getty Images Crude-oil prices tumbled on Monday over COVID-19 protests in China. The fear of unrest in the world’s second-largest economy hit market sentiment, sending shares in Hong Kong and China tumbling. China reported 40,052 new…

Iran state media wants the US banned from the World Cup after the team posted photos meant to show solidarity with Iranian protestors

Girls carry the flag of Iran in the stadium during the FIFA World Cup Qatar 2022 Group B match between Wales and Iran at Ahmad Bin Ali Stadium on November 25, 2022 in Doha, Qatar. Marvin Ibo Guengoer – GES Sportfoto/Getty Images Iran state media has said it wants the US kicked out of the…

India and China are still snapping up Russian oil — but they are demanding huge bargains which is hitting Kremlin’s war chest

Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese leader Xi Jinping. Mikhail Svetlov/Getty Images India and China now account for two-thirds of seaborne Russia crude oil exports. As major customers, they are demanding huge discounts from Russia, hitting Kremlin’s war chest. Russia is losing about $4 billion a month in energy revenues,…