Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.

OPEC remains optimistic about oil demand growth through 2026, even as it warns of declining investment and slower supply ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to curb the flows and smaller ...

Such stable relations are not only beneficial for both countries but are also necessary for the stability of the world economy. Bound by strong, long-term trade and economic ties, the two nations ...

The U.K. brings deep capital markets and a world-class startup ecosystem. The EU brings a strong industrial manufacturing base and a massive market. Together, both could create an economic ...

The World Bank offered a more optimistic view, projecting growth of 3.6 per cent in 2025, building on an estimated 3.4 per cent in 2024, and strengthening to 3.8 per cent by 2027.

The OPEC+ decision is speculated to be influenced by US pressure, impacting oil prices and raising concerns about the global economic effects of trade policies.

“Yet global growth expectations have been crumbling due to a heated trade war between the US and the rest of the world, and rising ... were “punishing” OPEC members who had not complied ...

That is partly because OPEC Plus is raising output at the same time that economists are warning that higher tariffs on most American trading partners will slow global economic growth and ...

which have accounted for most of the world’s oil production growth over the past 20 years, out of business. “The exact motive remains unclear. But the direction of oil prices is clearer than the ...

OPEC’s de facto leader Saudi Arabia designed the move to punish Iraq and Kazakhstan for poor compliance with production quotas as Riyadh signalled it was unwilling to prop up the market any ...

For years, OPEC+—a 22-nation group—held back millions of barrels to maintain market stability. But analysts say the cartel is now shifting gears to protect market share, especially amid ...