Browsing: Economy

SINGAPORE: Oil prices rose for a second consecutive session on Thursday amid growing expectations the Federal Reserve will cut interest rates in September, but the upside was capped by higher US inventories and an OPEC+ plan to increase supply, according to Reuters.

Russia’s oil revenues surged by almost 50% last month compared to a year ago, as crude prices soared and the…

RIYADH: Saudi Aramco has slashed July’s official selling price for the flagship Arab Light crude it sells to Asia, according to an official statement.

Outgoing Boeing CEO Dave Calhoun will testify before a US Senate panel on June 18 after a series of incidents raised concerns about safety and quality, and led regulators to cap the planemaker’s production of its best-selling 737 MAX.

OPEC+ ministers rejected oil’s bearish reaction to its decision to gradually boost crude production from October and predicted the market will eventually see that the group’s policy is correct.

Colombia is reportedly calling for coal export restrictions after severing diplomatic ties over the Gaza conflict

Washington and its allies could give Kiev a loan based on profits from blocked funds, Treasury Secretary Janet Yellen has said

Washington and its allies could give Kiev a loan based on profits from blocked funds, Treasury Secretary Janet Yellen has said

PARIS: During the first day of the second edition of Vision Golfe 2024, held in Paris at the French Ministry of Economy, Finance and Industrial and Digital Sovereignty, the Saudi Port Authority and the Marseille equivalent signed a memorandum of understanding.

RIYADH: Saudi Arabia giga-project NEOM on Wednesday revealed yet another luxury lifestyle destination Magna.