The potential of a U.S. and European boycott on Russian exports, including oil and gas, as well as the delay of Iranian talks, pushed global crude oil prices to new highs on Monday. As the world markets confront a massive stagflation shock, these factors have caused oil prices to rise.   The...

The International Monetary Fund has stated that the events in Ukraine and related sanctions on Russia are having a substantial impact on the global economy and financial markets. "Despite the fact that the situation is exceedingly fluid and forecasting is nearly impossible, the economic...

The Chinese authorities have announced the need to intensify oil and gas exploration and development activities in 2022, according to the country's socio-economic development plan released on Saturday. "It is necessary to build up its own resource production capacity, intensify exploration and...

The US unemployment rate fell to 3.9% in February from 4% in January, while the number of non-farm jobs in the US economy rose by 400,000 after increasing by 467,000, according to analysts polled by DailyFX. The US Department of Labor will release these statistics on Friday, March 4. Meanwhile,...

The dollar remains a "hard currency" and will remain a reserve currency in the long term, Fed Chairman Jerome Powell said at a hearing in the US House of Representatives. "The US dollar is a hard currency," Powell said in response to questions from congressmen. He said that while "inflation is...

Faced with constant pressure from their investors and customers protesting the Russian invasion of Ukraine, a number of America's most well-known brands - including Apple, Google, Ford, Harley-Davidson, and Exxon Mobil, rebuked and exited the Russian market.    Apple...

Oil prices soared to seven-year highs on Wednesday, as traders attempted to find alternative sources of oil in a market that was already tight.    Concerns over supply disruption grew as a result of the massive sanctions imposed by Western countries on Russian banks...

As a response to growing Western sanctions, Russia would temporarily prohibit foreign investors from selling Russian assets in order to guarantee that they make informed decisions rather than ones influenced by political pressure, the prime minister said on Tuesday.   A government order...

The Russian currency rouble has dropped by more than 30% as a result of crippling sanctions imposed by a number of Western countries in response to Russia's invasion of Ukraine, including restricting access to Russia's central bank's foreign assets and excluding major Russian banks from the...