Finance

South Korea has secured 273 million barrels of Middle Eastern and Kazakh crude that will not need to transit the Strait of Hormuz—volumes that would sustain its economy for more than three months. “The 273 million barrels of crude oil, […]

China’s independent refiners are looking for prompt Iranian crude cargos after Beijing issued the latest batch of quotas for oil imports and after international prices took a plunge following the latest news about the war in the Middle East. Brent […]

The company first touted the deal back in September 2024, following a meeting in New York between some of its executives and Nigeria’s vice president, Kashim Shettima. After the meeting, the company revealed that it would be sinking $10 billion […]

ENI made the discovery with the drilling of the Denise W exploration well, located about 70 kilometres offshore in the Eastern Mediterranean Temsah oil and gas field. “Preliminary estimates indicate about 2 trillion cubic feet of gas” in the Temsah concession, […]

Copper is vulnerable to further declines if the Strait of Hormuz remains blocked, Goldman Sachs Group Inc warned, as metals markets brace for President Donald Trump’s deadline for Iran to agree a deal or face sweeping attacks on civilian infrastructure. […]

The Iran war is hitting the German economy at the worst possible time. Having only just fought its way out of a multi-year downturn, Europe’s largest economy is now facing a new external shock — and the picture painted by […]

The United Arab Emirates’ stock markets in Dubai and Abu Dhabi have lost around $120bn in value since the start of the US-Israel war on Iran, placing them among the hardest-hit financial markets worldwide. Dubai and Abu Dhabi’s benchmark indexes have […]

Speaking at the recent CERAWeek by S&P Global conference in Houston, Group Chief Executive Officer Bayo Ojulari said the company is prioritising internal reforms over speed, signalling a cautious but deliberate approach towards an eventual Initial Public Offering. “Our strategy […]

As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they […]

Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel conflict will attract strong investor demand. Africa’s third-largest oil producer is offering $1.5 billion in seven-year bonds at […]