Turkey is increasing its engagement in several African countries in an effort to boost its influence and trade. But with China and Russia being the dominant players there, Ankara is struggling to find its role....
Energy-hungry Pakistan wants to proceed with a natural gas pipeline connecting it and neighboring Iran. But the US has warned about the risk of sanctions in doing business with Tehran. Pakistan announced at the end of...
The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending. US rates shot up and...
With the acquisition, ExxonMobil will command a dominant position over the top oilfield in the United States. Fossil fuel emissions are considered the main drivers of climate change. ExxonMobil has sealed a $59.5 billion (€56...
As the world economy reels from a global slowdown amid the Ukraine war, Brazil could benefit from the multiple crises. No matter whether it’s oil, gas, lithium, food, renewable energy — Brazil has plenty of...
Britain will award hundreds of new licences to explore for oil and gas in the North Sea, its government says. Premier Rishi Sunak said it was “vital” to boost the country’s energy independence. The UK is to...
As sanctions cut off major Russian banks from much of the West’s payment systems, finding ways to pay for the crude India imports from Russia has become a challenge. India has emerged as a major buyer...
Lebanese olive oil has become unaffordable for many in the crisis-ridden country. As inflation bites and the US dollar reigns supreme, poorer people are forced to part with their traditional local diet. Imad Waresbi is...
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war...
Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...
Nigeria is Africa’s biggest oil producer. But the lack of operational oil refineries has left the industry in crisis, forcing the country to import fuel. Economists say the next government needs to diversify the economy....
Ukraine’s central bank has been de facto printing money to pay its troops, but the measure is unsustainable. More international support is vital, but how much new cash could be raised domestically? As the war against...
