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The organizing group of the arms business in GĂ«rdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

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BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
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BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
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BREAKING NEWS

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The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
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BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
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BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here
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BREAKING NEWS

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57 thousand square meters of land, 2 ministers were implicated, SPAK takes over the lawsuit against the government mega-oligarch

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57
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BREAKING NEWS

The well-known journalist warns of sensational arrests in the coming days, here are some of the "scorching" files that SPAK is investigating and the scheme followed by BKH agents to arrest Jorgo Goro, the acting mayor of Himara was intercepted for 4 mo...

The well-known journalist warns of sensational arrests in the coming days, here
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Ekonomia

What's going on? Global oil prices fluctuate

What's going on? Global oil prices fluctuate

Global oil prices hit their highest level in three weeks today after the world's biggest crude importer, China, announced the lifting of some corona restrictions, fueling hopes of a recovery in fuel demand.

International Brent crude rose 0.70 percent to $84.51 a barrel in trade by 14:00 GMT, while U.S. WTI crude jumped 0.78 percent to $80.18 a barrel.

These are the highest price levels for both types of oil since December 5. The price hike comes after China's National Health Commission announced on Monday that it will lift quarantine for incoming travelers starting January 8. This restrictive measure has been in place since the beginning of the pandemic in China.

"This is certainly something that traders and investors have been hoping for," said Naem Aslam, chief market analyst at Avatrade, according to Reuters. 

Experts say they are concerned that a possible reduction in Russian production and disruption of supplies to the United States due to winter weather will push oil prices higher.

Moscow may cut output by 500,000-700,000 barrels per day in early 2023 in response to curbs on Western "black gold" prices, Russian Deputy Prime Minister Alexander Novak said on Friday.

Russia is the world's third-largest oil producer, and the estimated reduction in pumping would amount to roughly 5-6 percent of the country's daily output. This could also tighten the supply situation in the global energy market, as demand recovery in China is expected.

 

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