OPEC+ implements new moderate production increase

The energy ministers of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman approved increasing crude oil production to 188,000 barrels per day starting in August. This is the organization's fifth consecutive increase, amid…

Russia faces temporary fuel shortage

Russian President Vladimir Putin admitted that the country is facing a temporary fuel shortage, but indicated that the situation is not critical. The president emphasized that as a primary measure, imports and shipments to Crimea will be…

The yen fell to its lowest level in 40 years

The Japanese yen fell to a 40-year low on Tuesday, June 30, leaving authorities on high alert given this setback against the US dollar. "Experts believe that government action will not reverse the currency's trend," but intervention is not…