The Arab world holds some of the largest proven oil and natural gas reserves on the planet, reinforcing its central role in global energy security and international commodity markets. Recent data drawn from leading industry sources, including OPEC, BP Statistical Review and the US Energy Information......
Cuba is facing its most severe energy crisis in decades, with satellite imagery showing that nighttime lighting across the island has fallen sharply after efforts by the Trump administration to restrict its oil supply. The shortages have plunged large parts of the country into darkness, grounded international......
The European Central Bank is expected to keep its deposit rate at 2.00 percent at least until the end of 2026, marking what would become its longest stretch of stable borrowing costs since the end of the negative interest rate era, according to a Reuters survey published this week. In the poll conducted......
Fresh inflation data released Friday showed easing price pressures in Spain and Poland, while India unveiled a revamped consumer price index aimed at better capturing modern spending patterns. Spain’s harmonised annual inflation rate, calculated under European Union standards, fell to 2.4 percent......
The European Commission on Friday approved Universal Music Group’s 775 million dollar acquisition of Downtown Music Holdings, subject to conditions requiring the sale of Downtown’s royalty accounting platform Curve to address competition concerns. The conditional clearance concludes a months......
Morocco’s economic resilience and political stability have been highlighted by Russia’s ambassador to the Kingdom, who described bilateral relations as dynamic and steadily expanding. In remarks published by the Russian news agency RIA Novosti, Ambassador Vladimir Baybakov emphasized the......
Gold tumbled sharply and silver posted one of its steepest daily losses in months after stronger than expected US employment data dampened hopes for imminent interest rate cuts by the Federal Reserve, triggering heavy selling across precious metals markets. Spot gold dropped more than 3 percent on Thursday,......
Asian equity markets climbed to fresh highs on Thursday, with Japan’s Nikkei 225 breaking above the 58,000 mark for the first time, as investors looked past stronger than expected United States jobs data and focused on signs of economic resilience. The MSCI Asia Pacific index rose 0.4 percent......
TotalEnergies is pressing French and European authorities for clarification on how the upcoming European Union ban on Russian liquefied natural gas will be enforced, after Chief Executive Patrick Pouyanné warned that a broad interpretation of the rules could prevent European companies from marketing......
Saudi Arabia’s crude shipments to China are expected to climb to their highest level in years in March 2026 after the kingdom cut its official selling prices to Asia for a fourth straight month, prompting stronger demand from Chinese refiners, industry sources told Reuters. State energy giant......
Goldman Sachs has cautioned that global commodity markets have entered what it describes as an “era of high volatility,” driven by governments building strategic stockpiles that are fragmenting a once integrated global system and making prices more sensitive to disruptions. In a report published......
Bulgarian Central Bank Deputy Governor Andrey Gurov has accepted the mandate to form a caretaker government, the Bulgarian News Agency reported Thursday. The appointment follows the decision of President Iliana Iotova, who is currently serving as acting head of state after former President Rumen Radev......
The Argentine Senate approved President Javier Milei’s controversial labor reform on Wednesday, amid violent clashes between police and demonstrators. The bill, officially titled the “Labor Modernization Law,” passed with 42 votes in favor and 30 against, marking a major legislative......
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