Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact…

Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy continued to…

"In the past few decades, our neighbors used to go on a two months’ vacation, leaving the home ACs on. Why? He was told that here in Jeddah, it will be hot when they come back! They could not wait…

The OPEC+ Joint Technical Committee (JTC) expects a 2023 oil market deficit of 300,000 barrels per day (bpd) under its base case, according to a document. The JTC, which met on Wednesday, expects…

Oil prices fell in early Asian trade on Thursday, led lower by increased supply and worries that the global economy could slow further with renewed restrictions to curb COVID-19 in China. Brent…

Egypt President Abdel Fattah al-Sisi gave orders to increase the exceptional bonus to state subsidy cards to 300 Egyptian pounds ($15.62) from 100, according to the state news agency (MENA). Sisi…

Qatar's central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday.

Britain's services businesses reported a record increase in costs over the past three months and are downbeat about the future, as inflationary headwinds look set to squeeze demand further, the…

The Russia-focused Sovecon consultancy said on Monday it had raised its forecast for Russia's wheat exports in the 2022/23 marketing season which started on July 1 by 200,000 tons to 43.1 million…

Oil rose more than 1% on Monday, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth. Saudi…