According to Fatih Birol, president of the International Energy Agency (IEA), supply build-up by several nations will assist satisfy demand and keep prices in line, therefore the situation in the global oil market is likely to stay favorable in 2024. 2024 would see an increase in global oil demand...

The Secretary General of OPEC stated on Tuesday that the postponement of plans to expand Saudi Arabia's oil output should not be construed as a sign that the market for crude oil is contracting.   At the World Governments Summit in Dubai, Haitham Al Ghais told Reuters, "First of all, I want...

According to a Bank of America study released on Tuesday, investors around the world are more confident than they have been in the past two years this month and no longer anticipate a recession.   According to the research, fund managers with a combined $568 billion in assets reduced cash to...

The robotic invasion of North America's workforce has been steadily increasing over the past five years, but there was a hiccup last year when businesses in the region ordered roughly one-third fewer robots due to concerns about a slowing economy and rising interest rates.   According to...

According to Bloomberg, Germany's economy—which is regarded as the biggest in the eurozone—has been in decline since 2017. More recently, this drop has accelerated because of the country's decreased competitiveness. Germany might not be a "industrial superpower" for long, the newspaper writes....

The December increase in U.S. monthly consumer prices was smaller than first estimated, but overall inflation revisions were varied and did not change predictions regarding when the Federal Reserve would likely cut interest rates this year.   The Labour Department's yearly adjustments, which...

This week has seen an unprecedented spike in cocoa prices as unfavourable weather severely damages crop output in West Africa, which produces three quarters of the world's supply.   Since the beginning of the year, cocoa futures prices have increased by more than $1,000, or over 40%, to...

US toy manufacturer Mattel Inc. reported a net income growth of over nine times in the fourth quarter of 2023, despite lower-than-expected adjusted earnings and revenue. Net income for the October–December period was $147.3 million, or $0.42 per share, in contrast to $16.1 million, or $0.04 per...

The switch to green energy in Europe is caught in a difficult situation. Record solar energy installations are being driven by a rush of low-cost Chinese solar panel imports. However, the few domestic solar producers in Europe are being crushed by those same imports.   Opinions on how to...