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THE OIL MAFIA, FT: SAUDI ARABIA

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  Saudi Arabia has always been famous for their oil reserves, knowing the increasing requirement of oil they always tried to fulfill the demand around the globe and in that direction in September 1960 OPEC  (Organization of the petroleum exporting countries) was formed which included countries having high oil reserves, later on in 2016 OPEC +  was formed which included top non-OPEC oil-exporting countries. OPEC+ controls more than 50% of global oil supplies and about 90 % of proven oil reserves and with that much of powers in their hands and surely dominate global economies and they do dominate by increasing their oil prices several times after covid pandemic in the first meeting itself all the OPEC+ agreed to cutoff the oil production 2 million barrels per day with the motive to create scarcity in market and gain maximum benefit from their reserves. The reason that this decision was criticized was that after the pandemic most of the global economies were facing difficu...

EUROPE ENERGY CRISES: IS IT ALL BECAUSE EU AND NATO OR THE MASTERMIND RUSSIA

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This all started on 24 February when the Russian president Vladimir Putin announced Military operations with the sole aim of "Denazification" of Ukraine. In the beginning the whole world mainly EU and NATO imposed heavy sanctions on Russia to maintain global peace and integrity among the world and wanted to showcase that they are the world leaders, but Russia completely knew what they were doing the world got divided into 2 parts countries supporting US, NATO and EU on the other side there were the ones supporting Russia as the US didn't have great relations with China, he took huge profits by selling arms and ammunitions to Russia. As there were many sanctions imposed in Russia, Russia decided to cut the supply of energy sources to Europe as a result the cost of living increased at a remarkable rate which caused difficulties to the citizens which resulted in the demand of asking their countries to be out of EU. Russia is the largest supplier of Europe in terms of natural...