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Is a shortage of oil refineries pushing up global fuel prices? | Inside Story
Record global oil prices have been blamed on the war in Ukraine, and surging demand as economies recover from the pandemic. Another reason is a lack of refineries to turn crude oil into products such as petrol, diesel and jet fuel. Saudi Arabia’s foreign minister has called for more investment in refineries. Global refinery output has fallen by 3.3 million barrels a day since 2020….
Millions of Sri Lankans go hungry as food prices soar
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Sri Lanka has endured a months-long economic crisis that has seen rampant inflation and civil unrest. The country defaulted on its foreign debts for the first time in its history and its people have faced shortages of fuel, medicine and other essentials. According to the World Food Programme, nearly five million people, or 22 per cent…
Can Biden's Saudi trip help ease record-high energy prices? | Counting the Cost
From Israel to the occupied West Bank and Saudi Arabia, Joe Biden’s first visit to the Middle East comes at a critical time for the US president, whose approval rating is at less than 40 percent in the run-up to mid-term elections. The Ukraine war has set off a global energy crisis, and Biden wants the kingdom to pump more oil, to bring down prices…
US prices rising at fastest rate for 40 years – BBC News
Prices in the US are rising at their fastest rate for more than 40 years due to petrol and food costs remaining high, latest figures show. Inflation, the rate at which prices rise, hit 9.1% in the 12 months to June and increased by 1.3% from May alone, the Labor Department said. US petrol prices hit record highs last month, averaging above $5 per gallon….
Prices rise across the world – BBC News Review
Food and energy prices are rising around the world meaning millions now face tough choices in their daily lives. Economists blame a combination of Covid, poor harvests and the war in Ukraine. Now central banks are putting up interest rates to try to control the crisis. Video chapters: 0:00 – Introduction 0:25 – Story 1:07 – Headline 1: The Guardian – Fight against inflation raises…
Gas prices will be Biden's ‘killer’ in November: Rep. Gooden
Rep. Lance Gooden, R-Texas, rallies for energy policy reform as American consumers continue to feel the pain of high inflation rates on ‘Fox News Live.’ #foxnews Subscribe to Fox News! https://bit.ly/2vaBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number…
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Cathay’s mass lay-offs led to a staff shortage when it needed qualified personnel the most, and service suffered. The Cathay brand will regain its global network with commitments to enhancing [...]
An animated video released by Indian Prime Minister Narendra Modi’s party was taken down from Instagram after it sparked a backlash for demeaning Muslims. The removal put a spotlight on [...]
