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...

The US Federal Reserve (Fed) announced at its November meeting that it had begun winding down its stimulus programme for asset purchases - the reduction is expected to amount to $15bn per month against the current volume of purchases of at least $120bn. The key rate remained the same, but analysts...

The October, the services sector activity in Japan increased - a first for it in 21 months, with a spike in consumer morale after the subsidence of the coronavirus pandemic, which helped to drive a broad-based surge in demand domestically.   The state of emergency restrictions was lifted in...

Several reports related to different aspects of the US economy for September and October were published on Wednesday at once - they show some growth and recovery in the period. The US Department of Commerce released data on industrial orders in September: they unexpectedly rose slightly - by 0.2%...

The United States is not lifting all duties on imports of steel and aluminium products from the European Union, the head of the European Parliament's international trade committee, Bernd Lange, has said. The EU needs to work towards a full resolution of the issue, said Bernd Lange, head of the...