Oil prices experienced another drop, with barrels closing around the $70 mark; this signifies the lowest level in nine months for West Texas Intermediate (WTI). On Wednesday, amidst ongoing market dynamics and geopolitical tensions, the price of oil fell by over 1%. This decline followed a session of losses. It was influenced by the anticipation […]
Related Posts
Global Trade and Investment Shifting Amid US-China Tensions, Says IMF
The IMF highlights a growing US-China trade divide, creating distinct US- and China-aligned economic blocs. This emerging economic scenario, though not as starkly divided as the Cold War era, marks a considerable shift. According to the organization, it features less fragmentation overall and boosts the significance of non-aligned economies’ roles. Already in February 2024, World […]
Venezuela proposes “regional emergency” for the Amazon
During the IV Amazon Summit in Belém do Pará, Brazil, Venezuelan Vice President Delcy Rodríguez called for a “regional emergency” in the Amazon due to the existing environmental crisis in the region, widely regarded as the planet’s green lung. While addressing representatives from the Amazon Treaty Cooperation Organization (OTCA), Rodríguez emphasized the need for collective […]