Average monthly crude oil prices dropped to below $65 per barrel in May 2025, one of the lowest since April 2021. Following an 8.1% increase in January 2025, WTI prices declined for three consecutive…
Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before…
Saudi Aramco (2222.SE) said on Thursday it plans to invest in a $7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's (010950.KS) refining complex in…
Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate hikes and China's COVID-19 curbs weighed on the…
Oil prices were largely steady on Monday as a relatively tight global supply picture competed with fears of a recession and a rising dollar.
Brent crude futures for October settlement fell 34…
The former US envoy to Damascus tells Al Majalla how to find a path to a lasting settlement and a new place in the Middle East, from his unique perspective and first-hand experience in Assad-era talks
A US federal court has blocked Trump's tariffs and ruled that the president doesn't have unilateral authority to impose them, dealing a major blow to his economic policy
The US-based writer does not hold back in what he pens for American readers, nor is he censored. There is just one word that he is forbidden from using.
As global climate finance falters and US support disappears, the MENA region faces a widening funding gap. Now is the time to create a regional climate finance mechanism.