Economy

Tariff announcements are causing ripples throughout global oil markets, leading to increased focus on potential reciprocal actions and their fundamental effects across the entire oil-to-olefins value chain.Alkenes, or olefins, are…

Fueled by a weakening US Dollar and increasing Middle Eastern geopolitical tensions, gold prices continued their upward trend for the second consecutive day on Tuesday, with buyers showing strong momentum.“Despite…

European Union officials said that plans will be published on Tuesday to prohibit any new Russian gas agreements by the close of the current year, according to a Reuters report. Furthermore,…

In an unprecedented turn of events, Germany’s conservative leader Friedrich Merz failed to secure the parliamentary majority required to become chancellor, just months after his bloc won the federal elections.…

Saudi Arabia, the kingpin of the Organization of the Petroleum Exporting Countries and allies, seems prepared to test the oil market as well as cartel members with strong commitment to…

Warren Buffett, whose name has become a synonym for the successful investor, has finally called it quits. After running Berkshire Hathaway for six decades, Buffett announced on May 3 that he…

Jeff Bezos, the founder and former chief executive of Amazon, has disclosed plans to sell up to $4.75 billion worth of shares in the e-commerce giant over the next 12…

Eight member nations of the OPEC+ alliance are likely to meet on Saturday to deliberate on a potential further acceleration of oil production increases for the month of June, Reuters…

The prospect of higher supply from the Organization of the Petroleum Exporting Countries and allies in the coming months will likely spell doom for oil prices. The price of oil has…