Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one...
Venezuela produced an average of 1.1 million barrels of crude daily this month, up from 942,000 barrels daily in February, according to a PDVSA presentation. The turnaround followed the...
Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel conflict will attract strong investor demand. Africa’s...
Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the production disruptions in the Middle East. The...
China’s leading state-owned banks are expected to recover this year from record-low profit margins as the repricing of nearly $8 trillion worth of maturing high-priced time deposits eases pressure...
The head of the European Central Bank says that businesses may be quicker to raise prices in response to the oil shock from the Iran war due to bitter...
Oil prices fell sharply in early asian trade on Wednesday, with both major benchmarks dropping more than 5% as traders reacted to signs of potential de-escalation in the Middle...
Europe could experience energy shortages before the end of April, the chief executive of Shell has warned. Jet fuel supply has already tightened, and a diesel squeeze could be...
The project, located in the Manono region in the country’s southeast, has been in the works since 2023, when the Chinese mining giant acquired rights to the project. Once operational, it...
The breakthrough followed a government-led process to acquire land and relocate nearby communities at an estimated cost of about $30m, clearing a key obstacle that had delayed early works,...