Contemporary sanctions on North Korea by United Nations

The latest United Nations sanctions on North Korea are expected to choke its economy still further, but with Washington and Pyongyang showing no signs of stepping back from their face off, observers have warned that the world is running out of options to resolve the crisis. The United Nations Security Council on Friday voted unanimously to support the sanctions, spearheaded by the United States, which … Continue reading Contemporary sanctions on North Korea by United Nations

Largest Supplier of oil confirms to limit its supply by June which plunges prices

The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have pledged to cut output by almost 1.8 million barrels per day (BPD) during the first half of the year. So far, however, there have been few signs that global markets are actually tightening as producers shielded their biggest customers, especially in Asia, from the cuts. But after Brent prices fell back … Continue reading Largest Supplier of oil confirms to limit its supply by June which plunges prices