Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Images Saudi Arabia’s state oil giant Aramco reported … Read more
Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a “more balanced demand environment” emerges. Picture Alliance | Picture Alliance | Getty Images Maersk will pause all shipping transit through the Red Sea and Gulf of Aden until further notice after one of its … Read more
The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the Petroleum Exporting Countries coalition and its allies, collectively known as OPEC+, on Thursday opted against formally deepening production cuts, while de facto leader Saudi Arabia … Read more
Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on Thursday hiked its key interest rate, the benchmark one-week repo rate, by another 500 basis points to 40%. The hike was double economists’ expectations, who had … Read more
Cristiano Ronaldo of Portugal shoots past Jawad El Yamiq of Morocco during the FIFA World Cup Qatar 2022 quarter final match between Morocco and Portugal at Al Thumama Stadium on December 10, 2022 in Doha, Qatar. (Photo by Francois Nel/Getty Images) Francois Nel | Getty Images The 2030 FIFA World Cup will be hosted by … Read more
Imaginima | E+ | Getty Pictures Oil costs rose following OPEC kingpin Saudi Arabia’s choice to chop manufacturing by one other million barrels per day. On Sunday, the Group of the Petroleum Exporting Nations and its companions (often known as OPEC+) made no modifications to its deliberate oil manufacturing cuts for the remainder of the … Read more
Saudi Minister of Power Prince Abdulaziz bin Salman al-Saud arrives for the Group of Petroleum Exporting Nations (OPEC) assembly in Vienna on June 3, 2023. Joe Klamar | Afp | Getty Pictures The influential Group of the Petroleum Exporting Nations (OPEC) and its allies, often known as OPEC+, on Sunday made no modifications to its … Read more
Turkey’s President and chief of the Justice and Growth (AK) Occasion Recep Tayyip Erdogan delivers a speech throughout his partys group assembly on the Turkish Grand Nationwide Meeting (TGNA) in Ankara, on Could 18, 2022. Adem Altan | AFP | Getty Pictures Turkey’s Election Board on Sunday confirmed that Recep Tayyip Erdogan has gained Turkey’s … Read more
DUBAI, United Arab Emirates — Saudi state oil large Aramco on Tuesday reported a 19% drop in its first-quarter earnings, recording web revenue of $31.9 billion down from $39.5 billion the earlier 12 months amid falling oil costs. Analysts anticipated to see a dip in web revenue this quarter in comparison with the earlier 12 … Read more