Suhail Al Mazroui, minister of energy and infrastructure for the UAE, stated that he was more worried about the oil supply situation than the demand situation. Due to a lack of industry investment, the 23 OPEC+ nations have lost more than 3 million barrels per day (bpd) of oil output since 2020,...

The world's two largest economies continue to be closely linked, despite some warning signals of impending weakening, as U.S. Treasury Secretary Janet Yellen attempts to calm an increasingly tense relationship with China.   Friday's meetings with senior Chinese officials will begin with...

UNCTAD emphasized the need of "reducing the risks of energy transition investments in developing countries through loans, guarantees, insurance instruments, and equity participation as a public sector". Clean energy investments in developing nations are required to total $1.7 trillion annually....

A representative for the U.S. Commerce Department stated on Wednesday that Washington "firmly" opposes China's export restrictions on the metals gallium and germanium, which are used to create semiconductors and other devices. The spokesperson also added that Washington will confer with its...

As worries about a worldwide economic slowdown impacted on market sentiment, oil prices dipped on Wednesday, reversing some gains achieved after Saudi Arabia and Russia declared they will extend and intensify supply restrictions until August.   After rising $1.60 on Tuesday, Brent crude was...

A private-sector poll released on Wednesday revealed that Japan's service industry continued to expand quickly in June as consumer demand was rekindled by the lifting of pandemic-related restrictions.   From a record-high 55.9 in May, the final au Jibun Bank Japan Services purchasing...

On Tuesday, companies scrambled to secure supply as some industry suppliers worried that limitations on rare earth shipments would follow China's decision to restrict exports of key metals widely used in electronics and electric vehicles.   The sudden announcement on Monday that export...

According to information provided by the Organisation for Economic Cooperation and Development, the United Kingdom is the only one of the wealthy Group of Seven countries where inflation is still increasing.   According to the Paris-based organisation, annual inflation in the G7 decreased to...

The export of gallium and germanium, two metals crucial to the creation of semiconductors and other high-tech goods, has been restricted, according to China's Ministry of Commerce. Additionally, China is limiting the export of a number of substances. The restriction will go into force on August...