Economy

New Covid-19 strain in India restrain oil prices

Oil prices rose on Friday, reversing some of the previous day's sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Brent crude oil futures were up $1.23, or 1.8%, at $68.28 a barrel by 1349 GMT and West Texas Intermediate (WTI) crude was up $1.12, or 1.8%, at $64.94. The two contracts lost about 3% on Thursday.

Read
Turkey-China commerce moves forward despite Covid

Turkey and China have managed to further develop and diversify their growing trade relationship despite the COVID-19 pandemic as they celebrate the 50th anniversary of diplomatic ties this year. The two countries established diplomatic relations in 1971, and since then, their ties have intensified on political, cultural, and economic levels

Read
China prefers Turkmen to Australian gas

Wrapping up a meeting with his Turkmen counterpart Rashid Meredov and the country’s deputy prime minister Serdar Berdymukhamedov in Xian on Monday, Chinese Foreign Minister Wang Yi said cooperation on natural gas was the “ballast stone” of the bilateral relationship. “China sees Turkmenistan as a long-term cooperative partner on natural gas, and is willing to formulate a comprehensive cooperation plan with the Turkmenistan side with a future-oriented perspective,” Wang said, according to a foreign ministry statement on Monday night

Read
Pakistan-Uzbekistan transit trade marks historic launch

Project for Pakistan and Uzbekistan transit trade and export goods to Pakistan through the territory of Afghanistan launched on Tuesday in Islamabad, Associatd Press of Pakistan reports. According to the Press Release from Ministry of …

Read
Russia's Cabinet to discuss gasoline export restrictions

The Russian government will discuss a draft Cabinet resolution providing for restrictions of petroleum products export in exceptional cases to prevent the fuel price rally after May holidays, Russia's Energy Minister Nikolai Shulginov told …

Read
Russian economy needs migrants

Russian President Vladimir Putin met in the Kremlin with the head of Tajikistan Emomali Rahmon. During the meeting, the leaders of the two countries discussed the development of bilateral relations. Putin stressed that despite the …

Read
Nord Stream 2 may be finished by September

Russian Ambassador to Germany Sergei Nechayev announced the possibility of completing the construction of Nord Stream 2 before the September elections to the Bundestag. "Now the weather conditions are especially important. We will …

Read

Populars