President Joe Biden is re-evaluating the US relationship with Saudi Arabia after Opec+ announced last week that it would cut oil production, White House national security spokesman John Kirby said on Tuesday.
MoreThe Organization of Petroleum Exporting Countries (OPEC), along with Russia and other oil producers, announced on Wednesday that they would cut production targets by 2 million barrels a day, an action that could help Moscow pay for its war with Ukraine and hurt U.S. President Joe Biden’s chances to further cut gasoline prices for American
MoreThe Organization of Petroleum Exporting Countries (OPEC) and its allies have agreed a small oil-production cut in October in a move aimed at stopping a slide in oil prices.
MoreWill Smith's post-Oscars spiritual journey has taken him back to his old high school.
MoreBrent oil pushed higher as European oil giant Shell Plc announced it will stop buying Russian crude and the International Energy Agency said it was disappointed in the actions producers have taken in the market so far.
MoreThe European Union (EU) is stepping up its support for Corridor Vc, the key transport infrastructure project in Bosnia and Herzegovina, with additional grant funding of €14.6 million.
MoreThe European Bank for Reconstruction and Development(EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
MoreThe construction of Corridor Vc, the key infrastructure project the European Bank for Reconstruction and Development (EBRD) supports in Bosnia and Herzegovina, is progressing with new financing from the European Union (EU).
MoreFour years ago stories appeared asking whether 2016 was the worst year ever. Well, 2020 has 2016 beat. You would have to go back to 1968 to find a year filled with as much turmoil.
MoreCountries in the Middle East and Central Asia face with COVID-19 a public health emergency unlike any seen in our lifetime, along with an unprecedented economic downturn. The pandemic is exacerbating existing economic and social challenges, calling for urgent action to mitigate the threat of long-term damage to incomes and growth.
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