Business Dec 3, 2021

Surprise output hike by OPEC+ follows U.S.-Saudi diplomacy drive

The production boost comes even as the new COVID-19 variant threatens demand, after Washington and Riyadh reached a detente on oil prices.

Business Dec 2, 2021

OPEC+ faces output decision as omicron puts market in disarray

Despite the darkening outlook of the oil market, the panel forecast an oversupply of 1.9 million barrels a day in the first quarter, down from previous estimates.

Business / Economy Nov 4, 2021

OPEC+ heads for geopolitical showdown as Biden demands more oil

Bowing to U.S. pressure and opening the taps would keep Saudi Arabia’s closest ally onside, at the expense of the hard-won crude price recovery that has swelled the kingdom’s coffers.

World Oct 13, 2021

IEA warns world isn’t investing enough to meet future energy needs

Investment in green energy lags what’s needed to keep the planet from warming significantly, while fossil fuel spending also fails to cater for currently growing demand.

World Oct 11, 2021

In a world fighting climate change, fossil fuels take revenge

Across the world, fossil fuels are making a remarkable comeback as a supercharged recovery from the pandemic boosts demand.

Business | FOCUS Mar 28, 2021

When a desert wind blew $10 billion of global trade off course

The grounding highlighted the fragility of a global network of markets and economies that takes for granted the flow of goods through it.

Business Jan 22, 2018

A year ago, Davos thought Trump would be a normal president

If there was one message that echoed through the mountains ringing Davos a year ago, it was that the business world could ignore tweets from U.S. leader Donald Trump. Once in office Trump would act more like a conventional American president and his torrent of ...