Thursday 12 - 07:00
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 been a precautionary move ahead of military......
American banking giant Citi has evacuated its offices in Dubai, United Arab Emirates, following threats from Iran targeting U.S. and Israeli economic centers in the Gulf region. According to a banking source, employees were instructed to leave Citi’s offices located in Dubai International Financial Centre (DIFC) and the Oud Metha district......
Twelve days after the outbreak of a widening conflict involving the United States, Israel and Iran, the Gulf region continues to face sustained waves of Iranian missile and drone attacks that have struck every member of the Gulf Cooperation Council, caused civilian casualties and killed U.S. personnel, while triggering one of the most severe......
Several G7 nations have announced the release of strategic oil reserves in response to rising energy prices, ahead of a scheduled leaders’ meeting. Japan and Germany took the initiative to ease market pressures caused by the ongoing Middle East conflict, signaling coordinated action among the world’s largest economies. Japanese......
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 after disruptions triggered by attacks......
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 European gas markets, had nearly doubled......
The International Space Station will begin a gradual descent from orbit in 2028 before making a controlled plunge into the ocean in 2030, according to Roscosmos chief Dmitry Bakanov. The timeline confirms plans long discussed between Russia and NASA as the two agencies prepare to retire the aging orbital laboratory after nearly three decades......
Meta has acquired Moltbook, an experimental social network designed for artificial intelligence agents, bringing its founders into the company’s AI research division. The deal, first reported by Axios, will see Moltbook cofounders Matt Schlicht and Ben Parr join Meta Superintelligence Labs, the unit led by former Scale AI chief executive......
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 surged to nearly $120 per barrel when markets......
A new astronomical instrument under construction in the mountains of Chile is set to become the largest lens based telescope array ever built. Known as MOTHRA, the Modular Optical Telephoto Hyperspectral Robotic Array will combine 1,140 Canon telephoto lenses to observe extremely faint structures in the universe. The project is being built......
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 gains. The Dow Jones Industrial Average......
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 Blume outlined the plan in a letter......
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 offering discounts of up to 30 dollars......
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Iran under the lens
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