Oil production in the main US oil and gas producing areas, a large part of which is shale oil, will rise by 85,000 barrels per day, or 1%, to 8.316 million barrels in December compared with the current month, the Energy Information Administration (EIA) of the country's Energy Department has...

Japan's GDP for July-September this year is forecast by the government to be minus 3% year-on-year. Real GDP decreased by 0.8% over the same period last year. Personal consumption was down 1.1%. Capital investment in company equipment fell by 3.8%. Imports decreased by 2.1%. The main reason for...

Many businesses and factories in China have been forced to shut down or transfer to a two-day work week, resulting in lower output quantities. As The New York Times points out, this situation will result in more disruptions in the supply of Chinese goods as well as a rise in their pricing. Around...

Saudi Arabia's state-owned oil and gas company Saudi Aramco has raised its November selling prices for oil for Asia, the US and Europe, Bloomberg reported, citing pricing documents. "Saudi Arabia has sharply increased prices for all oil for all buyers," the agency reported. In particular, Saudi...

After OPEC members disregarded Washington's efforts to raise supply, US Energy Secretary Jennifer Granholm said, the US is looking into other methods to lower fuel costs. Commodity interventions are one of the tools in Washington's arsenal. "Unfortunately, OPEC is in charge of the oil price...

Following the rejection of appeals by the United States for producing more oil by OPEC and its allies, the US President Joe Biden said on Saturday that the country has methods and strategies to address the issue of high oil prices because of the curbing of production and supply of oil by the...

Despite a slowdown, the growth of Chinese exports for the month of October was reported to be above the expectations of analysts. This growth was driven by continued strong global demand for the holiday season, improvements in the shortage of power in China, and an easing of disruptions in the...

According to a survey of economists conducted by Reuters, there was a decline in Japan's economy in the third quarter as Covid-19 infection controls and supply shortages weighed on consumption and output, highlighting the glacial pace of recovery of the economy from the pandemic's devastation....

There was likely a slight fall in China's export growth in October, according to a Reuters poll released on Friday, but still was strong enough because of sustained global demand, easing out of the issues in the global supply chain, and a reduction in the power shortage in the country, while...