In an attempt to curb the rise in energy prices, the U.S. intends to conduct commodity interventions at the expense of the strategic reserve of oil.

U.S. GDP rose 6.9 percent year-over-year last quarter and according to the second estimate (if GDP had grown at the same rate for four consecutive quarters), according to analysts polled…

According to trading statistics, global oil prices advanced to 5% on Thursday, with April Brent futures topping $102 a barrel for the first time since September 5, 2014, and May…

Global steel production in January stood at 155 million tonnes, down 6.1% year-on-year, according to World Steel Association (WSA) data.

The volume of global trade in 2021 increased by 25% from 2020 to around $28.5 trillion, according to UN Conference on Trade and Development (UNCTAD) report.

Japan's GDP in the fourth quarter of 2021, according to a preliminary estimate, grew 5.4 percent year over year (if GDP had grown at the same rate for four consecutive…

The U.S. and Japanese governments reached an agreement to reduce tariffs on imports of a limited amount of Japanese steel in order to expand trade between the countries and counter…

The organizers of the Beijing Olympics faced a shortage of goods with the image of the mascot of the Games - the panda Bing Dwen Dwen. Demand for them increased…

The world's largest oil exporter, Saudi Aramco, raised prices for its key markets. The decision comes days after OPEC+ countries announced a 400,000 bpd increase in oil production in March.

Microchip manufacturers have reported record annual sales amid global shortages and sharply increased demand for semiconductors. However, industry executives expect this figure to double further in less than a decade.

Business activity has slowed down in China, official statistics shows. Experts attribute this to coronavirus restrictions as well as the authorities' order to limit production to reduce air pollution ahead…

The US has failed to make meaningful progress in fixing supply chain problems created by the coronavirus pandemic.

South Korean electronics maker Samsung Electronics' net profit attributable to shareholders rose by half last year in annual terms to 39.244 trillion won (about $32.7 billion), the company said.

The International Monetary Fund has revised down the growth expectations for the global economy: the forecast for 2022 has been lowered to 4.4% from the previous 4.9%; in contrast, the…

South Korea's economy grew by 4% in 2021, the highest in 11 years, the Bank of Korea said.

Gas consumption in the European Union fell by 10% in the third quarter of 2021 amid rising prices, according to a report from the European Commission.