China has set a 10% tariff on imports of US liquefied natural gas just as trade of the super-chilled fuel between the two nations started to ramp up and exports from new…
The $20bn race to eclipse Norway’s elite oil producers
The race is on to become Norway’s biggest non-state oil company. As super majors such as Exxon Mobil Corp and BP Plc focus on other regions, a new group of smaller companies…
Millions of EV charging points planned for US, Europe by 2025
Two electric car charging companies are announcing plans to build 3.5mn plug-in spots in the US and Europe by 2025 in an effort to accelerate the adoption of clean vehicles, according to…
Shale drilling expands far from Permian pipeline pinch
Shale explorers added the most oil rigs in a month last week, even as pipe- line bottlenecks depress prices in America’s busiest basin while growth migrates to other plays. Working oil rigs…
Ministry observes World Ozone Day
Qatar, represented by the Ministry of Municipality and Environment, celebrated International Day for the Preservation of the Ozone Layer, which falls on September 16, and aims at urging global efforts to preserve…
After shelving biggest-ever IPO, Saudi faces a tough bond sale
Bloomberg Brussels Aramco needs to raise up to $70bn, but bond investors could prove tough customers Two months after Saudi Arabia pulled a share sale that could have raised $100bn for its…
The Global Economy’s Fundamental Weakness
Sep 13, 2018 RICHARD KOZUL-WRIGHT Over the course of the past decade, the global economy has recovered from the 2008 financial crisis by riding a wave of debt and liquidity injections from the…
IEA Warns of Higher Oil Prices as Iran, Venezuela Losses Deepen
The International Energy Agency warned that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela. Iranian crude exports have…
Russia ready to pump oil at record if market requires
A worker checks the valve of an oil pipe at field owned by Russian state-owned oil producer Bashneft near the village of Nikolo-Berezovka, northwest of Ufa, Bashkortostan, Russia (file). Russia has the…
Banks tap $4.5bn gold reserves to shore up finances
Commercial lenders in Turkey have pulled as much as $4.5bn worth of gold reserves since mid-June in an eff ort to avert a liquidity crisis as the lira plunged. Weekly holdings reported…