(IMAGE: ANDREW STANLEY/IMF) March 15, 2022/IMFBlog By Alfred Kammer, Jihad Azour, Abebe Aemro Selassie, IIan Goldfajn and Changyong Rhee Beyond the suffering and humanitarian crisis from Russia’s invasion of Ukraine, the entire global economy will feel the effects of slower growth and faster inflation. Impacts will flow through three main channels. One, higher prices for commodities like […]

March 15, 2022/OilPrice.com Chart of the Week – In spite of the IEA claiming that Europe could essentially halve its dependence on Russian gas imports within a year, March gas flows have so far averaged 30% higher than February.   – Leading oil majors Shell, BP, and Equinor announced they […]

March 15, 2022/Proshare by CardinalStone Research Russia’s military action on Ukraine and associated sanctions have sent commodity prices soaring, with Brent crude oil price reaching $139.9/bbl, the highest level since July 2008. Historically, rising crude oil price is usually a bittersweet pie for Nigeria, as an expensive PMS subsidy regime […]