OilPrice

The eight OPEC+ countries that have been cutting oil production will have to compensate 4.57 million barrels per day (bpd) in overproduction so far, and the compensation plans entail offsetting all above-quota output by June 2026. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait,

Senior executives from Azerbaijan’s state oil firm SOCAR this week discussed with Egyptian officials and executives the idea to establish a strategic Egyptian-Azeri partnership in the oil and gas sector, Egypt’s Ministry of Petroleum and Mineral Resources said. Egyptian Petroleum Minister Karim

Previously, we reported that the ESG investing boom of yesteryears has gone bust. Environmental, social and governance (ESG) investing spiked in 2020 and 2021 amid the COVID-19 pandemic with low oil prices driving more investments beyond fossil fuels, while fund managers tried to appear more

“The sky won’t fall,” the spokesman of China’s customs authority said this week, referring to President Trump’s trade war in China, just as the authority reported an over 12% jump in exports for March. China is preparing to respond to the tariffs—by going gray in trade. The New York Times reported

The fact that U.S. President Donald Trump ordered a pause on the raft of new tariffs against most of the world’s countries – but not on most of those directed at China – highlights what these new levies are really all about. They are in large part specifically aimed at finally correcting a