Abu Dhabi’s Mubadala Investment Company is transferring its $25bn (£18.7bn) credit portfolio to its alternative asset management arm, Mubadala Capital, giving pension funds, insurers and wealthy investors access to...
IMF Downgrades Global Economic Growth Forecast To 3% Amid Iran WarThe International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.5% posted...
A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those countries could eventually build alternatives to the dollar,...
Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity...
Two very large crude carriers loaded with Saudi crude are heading for the Strait of Hormuz in the latest sign of recovering traffic via the vital oil chokepoint. The...
Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe’s biggest economy said on Tuesday. Earlier today, Reuters...
Uganda’s Ministry of Energy and Mineral Development has halted gold mining operations in Kayungwe sub-county, Kanungu district, citing unlicensed activity, environmental degradation and public health risks, according to local...
A China spot gold ETF has overtaken the Huatai-PineBridge CSI 300 ETF to become the country’s largest exchange-traded fund, highlighting the extent to which state-backed support for the stock...
Up to 75% of the previous oil flows through the Strait of Hormuz are expected to return to the market by the end of the year, but significantly lower...
Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three...