Market

Ukraine Weighs USD2 Billion Gas Imports Amid Russian Strikes

Kyiv: Ukraine may import natural gas worth up to USD 2 billion this winter from Europe, the United States, and Azerbaijan, following severe damage to Ukraine’s gas infrastructure caused by Russian attacks, Ukrainian President Volodymyr Zelenskyy said …

Gold Edges Higher After Sharp Weekly Decline

Doha: Gold prices edged higher on Monday, recovering part of last week’s steep losses after easing US-China trade tensions spurred investors to shift toward riskier assets. Spot gold rose 0.4% to $4,263.59 per ounce, rebounding after a 1.8% drop on Fr…

IEA Projects Significant Global Oil Surplus by 2026

Doha: The International Energy Agency (IEA) forecast Monday a global oil market oversupply of 4 million barrels per day (bpd) in 2026, citing the recent increase in crude oil supplies from the Middle East and the Americas. It noted that this increasin…