UAE says OPEC exit unlocks faster growth, $55B oil push.
The United Arab Emirates said its decision to leave OPEC will give it more freedom to ramp up investment and expand its […]
EU and US trade chiefs to meet as tariff tensions escalate.
European Commissioner for Trade Maroš Šefčovič is scheduled to meet his US counterpart Jamieson Greer on Tuesday amid rising tensions between the […]
UAE, Qatar seek new Gulf-Asia trade corridor in landmark agreement with South Korea.
The United Arab Emirates signed a new trade agreement with South Korea the day after it left OPEC, cutting tariffs on most […]
$125 Oil Could Tip Global Economy Into Recession.
Elevated oil prices for a sustained period of time would tip the global economy into a recession, Moody’s Analytics’ head of international […]
Asia, Europe abandon Suez Canal route as Middle East tensions drive record traffic around Africa.
New data show that tanker traffic around the Cape of Good Hope reached a record 24 million deadweight tonnes in the week […]
Brent oil rises 7% on report US considering military options to break Iran deadlock.
Brent oil prices rose as much as 7% on Thursday on a report that the US is considering potential military action against Iran to break the deadlock […]
Brent Breaks $113 as Traders Brace for Months of Disruption.
Oil prices continued to climb in early Asian trade on Thursday, with traders pricing in a prolonged disruption to Middle East supply […]
China’s largest lenders’ first-quarter profit up over 3%, sour loan ratios steady.
Five of China’s largest lenders reported net profit growth over 3 per cent in the first quarter of this year on Wednesday […]
Crude Inventories Continue to Decline Amid Strong Oil Product Draws.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in the week […]
Standard Chartered secures $2.3 billion for Tanzania rail project in major Africa trade push.
Standard Chartered said it arranged a $2.33 billion syndicated loan to fund part of Tanzania’s Standard Gauge Railway (SGR), one of the […]
China industrial profits jump 15.8% in March, fueled by AI and chip boom despite oil shock risks.
Profits at China’s industrial firms grew at their fastest pace in six months in March, even as the Middle East war upended […]
Shell Bets $16.4 Billion On Canadian Gas In Major LNG Growth Push.
Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources […]