Tag: global oil supply risk

China urges immediate and complete end to Middle East conflict as tensions threaten global stability

China urges immediate and complete end to Middle East conflict as tensions threaten global stability

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China has renewed its call for an urgent and total halt to the ongoing fighting in the Middle East, emphasizing the need for diplomacy over escalation. During high-level discussions in Beijing, China’s Foreign Minister Wang Yi stressed that continued violence is unacceptable and that all parties must act quickly to restore peace. Speaking after his […]

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US Fed chief says energy shock manageable for now but warns inflation risks could grow

US Fed chief says energy shock manageable for now but warns inflation risks could grow

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The head of the US central bank, Jerome Powell, said the economic impact of the recent surge in energy prices appears manageable for now. However, he cautioned that the situation could become more serious if people and businesses begin to expect inflation to stay high for a longer period. Speaking during an event at Harvard […]

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