Angola’s Cabinda refinery, the first built since the country gained independence nearly five decades ago and one of the first major refining projects constructed in Africa in decades, has...
A global finance watchdog is demanding national regulators better scrutinize private credit, warning that banks, asset managers, insurance and private equity firms are exposed to an assortment of growing...
India’s offshore technology centers are expected to have generated $98.4 billion in revenue for fiscal 2026, nearing levels earlier projected for 2030, according to IT industry body Nasscom and...
Kazakhstan’s KazMunayGas (KMG) has reallocated oil exports to the Caspian Pipeline Consortium (CPC) system and Russian ports amid the suspension of transit via the Druzhba pipeline, KMG has stated....
US Treasury yields fell on Wednesday, as oil prices plunged on reports that the United States and Iran were closing in on an agreement for a one-page memorandum to...
Saudi Arabia has posted a sharp rise in its budget deficit amid declining oil revenues due to the effective closure of the Strait of Hormuz. The kingdom’s budget shortfall...
Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of...
Lufthansa Group expects the surge in jet fuel prices to cost it an additional $2 billion this year as the closure of the Strait of Hormuz “is leading to...
US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to...
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait...