Economy
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing......
Gold prices are stabilizing near $4,730 per ounce, but analysts at Heraeus warn that the market may face further consolidation or declines before any sustained rally resumes. In its latest Precious Appraisal report dated March 30, Heraeus said short-term momentum remains bearish for both gold and silver.......
South Korea is nearing an agreement to secure crude oil supplies from Kazakhstan, as part of its strategy to diversify energy sources amid ongoing instability in the Middle East. According to the country’s industry minister, negotiations have made significant progress, with details regarding volumes......
A large-scale drone assault launched by Ukraine struck key energy facilities deep inside Russian territory, leading to the suspension of operations at one of Russia’s most critical gas plants and igniting fires at oil storage depots. The overnight attack, one of the most extensive in recent months,......
The President of the European Commission, Ursula von der Leyen, has issued a stern warning to China, signaling that the European Union may deploy its most powerful trade weapon in response to Beijing’s tightening control over rare earth exports. The move, which has disrupted European supply chains,......
Europe continued to dominate Morocco’s foreign trade in 2024, accounting for 62% of total trade volume, down slightly from 63.2% in 2023, according to the latest annual report by the Moroccan Office of Exchange. European countries provided 56.4% of Morocco’s imports and received 71.4% of......
