Joseph Branch

European countries will not be able to receive oil, gas and metals from Russia if Russia is disconnected from the international banking system SWIFT, Federation Council Vice Speaker Nikolai Zhuravlev told TASS on Tuesday. Earlier, British Prime Minister Boris Johnson said the country's government is discussing with the

Economists cite two main causes of stagflation. First, stagflation can be caused by a drop in production due to a sudden change in the price of a commodity that is important to the economy (a so-called price shock). For example, it can be a sharp increase in the price of

Declining spare capacity adds to the risk of higher prices due to potential supply disruptions. Barclays raised its 2022 Brent oil price forecast by $5 a barrel to $85 a barrel and by the same amount for WTI to $82, analyst Amarpreet Singh wrote in a review. Oil markets get

The price will eventually return to $80 a barrel. Bank of America reiterated its forecast of Brent oil price at $120 a barrel by mid-2022, according to a review published the day before. Analysts of the bank indicate a reduction in oil production capacity, low stocks and an increase in

Rising prices in energy markets in 2022, driven by a stronger ESG agenda, will continue. The trend toward decarbonization while increasing energy demand will only accelerate the rate of "green" inflation and lead to a further increase in oil prices above $100 per barrel as early as the

January 2022 could be the worst month for global markets since the pandemic began. In less than three weeks, the capitalization of global stock exchanges collapsed by $5 trillion as a result of frontal sell-offs from Asia to the United States. On expectations of Fed policy tightening - with the