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…
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 …
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…
Luxembourg: The European Union will phase out all Russian gas imports by the end of 2027, as the majority of the bloc’s energy ministers agreed on Monday. Energy ministers meeting in Luxembourg approved a plan by the European Commission to phase out b…