The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of...
Damage caused to energy infrastructure in Gulf states would cost $58 billion to repair, Rystad Energy estimated this week, suggesting the fallout of the war between the U.S. and...
The International Monetary Fund (IMF) and the World Bank have announced the resumption of ties with Venezuela under the Latin American nation’s interim leader. The Washington, DC-based financial institutions...
Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and...
The move builds on Microsoft’s earlier $1.2 billion commitment to South Africa and underscores the country’s growing importance as a regional digital hub. With relatively advanced infrastructure, a large...
The move marks a major pivot in Uganda’s infrastructure financing strategy following earlier reliance on China-backed arrangements that failed to materialise. The government had awarded the railway construction contract to China...
Spanish energy company Repsol confirmed that it is regaining operational control of its oil assets in Venezuela after reaching an agreement with the country’s government and state oil company...
President Donald Trump’s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 billion (HK$1.3 trillion) the companies paid in...
A tanker flying the flag of Pakistan has just become the first vessel to ship crude out of the Strait of Hormuz since the U.S. blockade outside the chokepoint...
Japan has pledged to provide $10bn (£7.4bn) to help its Asian neighbours, especially those in South East Asia, secure energy including crude oil as the region reels from disruptions...