OPEC+ raises oil output for third month as Hormuz shipping recovers
The group has been unwinding a cut of 1.65 million barrels a day agreed in 2023, when the alliance still included the United Arab Emirates.
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The group has been unwinding a cut of 1.65 million barrels a day agreed in 2023, when the alliance still included the United Arab Emirates.
Foreign minister Abbas Araghchi said the conflict had ended on all fronts.
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."
Here are the latest economic events in the Middle East war:
Germany’s industrial sector has started weakly into the New Year.
Oil and gas prices soared, stock markets slid and the dollar firmed on Monday as the widening Iran war shook financial markets across the globe.
The US intervention in Venezuela reopened a question that goes beyond geopolitics: Who stands to gain if the country’s oil sector is revived — and who does not?
Oil surged more than five per cent and investors sought safety in gold, bonds and the dollar after Hamas’s surprise attack on Israel sparked fears of a wider…
The International Energy Agency's (IEA) latest Oil Market Report (OMR) predicts global oil demand to expand by 2.2 million barrels per day (mb/d) to 102.