Economy
OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......
Shell, TotalEnergies, and several companies in Asia have declared force majeure on downstream contracts linked to Qatari liquefied natural gas deliveries, according to a Reuters report citing sources familiar with the matter. The move follows Qatar’s own force majeure declaration earlier in March......
European natural gas prices dropped sharply after a surge triggered by the conflict involving the United States, Israel, and Iran, as traders reacted to comments from U.S. President Donald Trump suggesting the war could end in the near future. The benchmark Dutch TTF gas price, the main reference for......
The British currency showed modest gains on Wednesday as investors balanced geopolitical risks in the Middle East with possible measures to stabilize global oil supply. The British Pound Sterling strengthened slightly against major currencies during a volatile trading session. Market analysts noted......
Global oil markets have experienced extreme volatility this week, with crude prices swinging by tens of dollars within hours as traders struggled to interpret conflicting signals from Washington about the United States conflict with Iran and the security of the Strait of Hormuz. Brent crude futures......
Global stock markets experienced renewed volatility this week as sharp movements in oil prices and shifting signals from the conflict involving the United States and Iran unsettled investors. In the United States, the S&P 500 closed down 0.2 percent on Tuesday, March 10, after surrendering earlier......
Volkswagen plans to eliminate about 50,000 jobs in Germany by 2030 as the automaker accelerates restructuring efforts following a sharp decline in annual profits. The announcement came as the company reported earnings at their lowest level since the 2016 diesel emissions scandal. Chief executive Oliver......
Gold is trading at an unusual discount in Dubai, one of the world’s most important hubs for physical bullion trade, as conflict involving the United States, Israel, and Iran disrupts transport routes and breaks the supply chains linking the precious metal to global markets. Traders in Dubai are......
Porsche’s operating profit plunged by 98 percent in 2025, falling to just 90 million euros from 5.3 billion euros a year earlier after billions of euros in charges tied to a major shift away from its all electric vehicle strategy wiped out nearly all earnings. The results, released Tuesday as part......
France’s economy appears to be maintaining moderate growth in early 2026, although rising geopolitical tensions in the Middle East are creating new uncertainties for the economic outlook, according to the country’s central bank. In its latest assessment, Banque de France indicated that economic......
Economists in Chile have abandoned expectations of an interest rate cut this month as the escalation of the war involving Iran drives oil prices above $100 per barrel and raises the risk of renewed global inflation, complicating monetary policy decisions. According to Bloomberg, analysts no longer expect......
Oil markets swung sharply Monday after crude prices climbed above $100 per barrel for the first time since Russia’s invasion of Ukraine in 2022, while G7 governments debated whether to release strategic petroleum reserves to counter disruptions caused by the war involving the United States, Israel......
Saudi Aramco expects to reach the full capacity of its East West crude oil pipeline within days as Saudi Arabia works to maintain exports while the Strait of Hormuz remains effectively closed due to Iranian military control. Chief Executive Amin Nasser warned that the crisis represents the most serious......
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