The appointment of Prince Abdulaziz bin Salman as Saudi Arabia’s minister of industry and mineral resources, while retaining the energy portfolio, reflects a…
Gold prices slid more than 1% on Monday as fears of a closure of the Strait of Hormuz drove oil prices sharply higher, reviving expectations of elevated…
South Korea said on Monday it would draw up record budget spending of more than 800 trillion won ($530.97 billion) for fiscal 2027, supported by stronger tax…
Europe has imported jet fuel from the US and Asia, raised its refiners' output and drawn on stocks to keep planes flying – and yet it remains the region most…
Oil prices surged over 4% on Monday as energy shipments via the Strait of Hormuz remained under threat, with the US and Iran announcing renewed military…
Egypt's current account deficit more than doubled to $5.1 billion in the January-March quarter from $2.3 billion a year earlier, central bank data showed on…
Africa’s biggest clean energy challenge is shifting from building projects to building the institutions, markets and regulatory systems needed to deliver them…
Volkswagen's CEO indicated in comments published Sunday that he's trying to avoid closing plants as he seeks to turn around the automaker's performance. The…
While global oil demand is set to decline this year due to the US-Iran conflict, gasoline consumption in the United States increased in the second quarter of…
The global oil market will break out of its roughly $80-$100 range by the first quarter of 2027 at the latest, boosting inflation and reducing energy demand,…
Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at "A+" with a Stable Outlook, the agency said on Friday. The…
The renewed US-Iran conflict in the Middle East is expected to further curb Egypt’s economic growth prospects as global oil prices are forecast to rise again,…
China announced on Friday a temporary export ban on helium, effective immediately, as resumption of military conflict in the Middle East threatens to trigger…
The International Energy Agency said Friday that "a recovery" in global oil demand had started as supplies tentatively start moving through the strategic…
Humain, the company building an integrated artificial intelligence ecosystem, and Canadian sovereign AI company Cohere have announced a strategic partnership…
The European Central Bank is back to square one in its fight against high inflation in the euro zone after new hostilities between the US and Iran caused…
India's Prime Minister Narendra Modi lands in New Zealand on Friday touting a free trade deal that has sparked a backlash despite promises it will unlock jobs…
Moscow is moving to consolidate its economic influence in Syria by establishing a commercial logistics hub in the port of Tartous, a move that reflects a shift…
Saudi Arabia and Canada have entered a new phase of strategic economic partnership, with both countries seeking to translate diplomatic momentum into…
Türkiye and Iraq are set to sign, within days, a one-year agreement to keep open the crude oil pipeline between the two countries, Turkish Energy Minister…
Egypt's annual urban consumer inflation slowed slightly to 14.3% in June from 14.6% in May, statistics agency CAPMAS said on Thursday. Annual core inflation,…
US markets are mixed early and oil prices are rising modestly as Iran and the US launch fresh attacks in the Middle East, threatening a fragile truce. Futures…
BP CEO Meg O'Neill said on Thursday the British energy major needs to prioritize financial discipline by simplifying its portfolio, cutting costs and…
China's producer price inflation surged to its highest level in four years in June, piling pressure on manufacturers' profit margins as weak domestic demand…
Australia and India reached a deal on Thursday to export Australian uranium to India for use in the nuclear energy industry, while agreeing to deepen…
Gold prices fell on Thursday, hovering near a one-week low, as renewed US-Iran hostilities lifted crude and reignited concerns about inflation and higher-for…
At a time when the global economy is struggling to avoid a sharp recession, the International Monetary Fund’s updated World Economic Outlook showed a deeply…
Libya's National Oil Corporation signed an exploration and production sharing agreement for zone 47 in the Ghadames Basin with the Libyan Investment …