The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies...
The Middle East’s largest remaining oil export corridor came under renewed pressure on Monday after Yemen’s Houthis announced a complete ban on Israeli shipping in the Red Sea, risking a further...
Oil prices jumped more than US$4 (RM16.28) on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent...
The agreement, formalized through a Memorandum of Understanding (MoU), would allow both companies to evaluate prospective collaboration in residential, commercial, hotel, retail, and integrated urban developments related to PIF-funded...
Vanguard’s S&P 500 ETF, known by the ticker VOO, became the first exchange-traded fund in history to surpass $1 trillion in assets under management on June 2, 2026. The...
Nigeria’s Dangote refinery has started work on a second crude processing unit that will add another 700,000 barrels per day (bpd) of capacity, putting the complex on track to...
South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to build and operate Phase 2 of Saudi Arabia’s Jafurah cogeneration power...
The Bank of England may know where inflation is headed, but it has a much harder time knowing where oil—and interest rates—are headed. That was the message from Bank...
After years of delays, Australia’s largest undeveloped oil project could progress to a final investment decision in 2027 as the energy crisis amid the Iran war has heightened the...
South Korea’s foreign exchange reserves decreased by $880 million in one month due to market stabilization measures, including a foreign exchange swap with the National Pension Service. The decline...