London. Global oil supply will exceed demand in 2025, even if the OPEC+ cuts are maintained, since the increase in pumping from the United States and other external producers will overcome the slackness of demand, the International Oil Agency indicated this Thursday. Energy (AIE). The prospect of an oversupply of more than one million barrels … Read more
Madrid. The Spanish energy group Repsol recorded a sharp drop in its profits in the third quarter due to the volatility of oil prices and the fall in its refining margins, according to results published on Thursday by the company. The net profit of the Spanish giant stagnated at 166 million euros between July and … Read more
New York. Oil prices rose this Friday after reports that Iran is preparing a retaliatory attack against Israel from Iraq in the coming days, but record production in the United States cushioned the rise in prices. The European benchmark Brent added 29 cents to $73.10 a barrel. US West Texas Intermediate (WTI) crude oil rose … Read more
Technology chiefs and investors in Britain have warned that entrepreneurs may be forced to leave the country if the government goes ahead with its controversial plans to increase capital gains tax on share sales. Recent media reports indicate that Treasury Secretary Rachel Reeves is planning to increase the capital gains tax (CGT), which is applied … Read more
Joyful crowds numbering in the hundreds welcomed King Charles of Britain and his wife, Queen Camilla, with a warm welcome on Sunday in Sydney after they attended a mass. The king said that his visit to Australia, his first to a place belonging to the Royal Crown since he ascended the throne, made him feel … Read more
A recent damning report in the UK revealed that court procedures in sexual violence cases are deeply traumatizing for some victims, with nearly three-quarters of survivors being questioned by defense lawyers facing questions based on false and harmful assumptions about rape. Research conducted by Victim Support (a charity that provides assistance and guidance to victims … Read more
With the emergence of a new coronavirus variant, the UK’s Health Security Agency has described the rise in hospital admissions due to Covid as “worrying”. In details, the British agency’s statistics revealed that the rate of hospital admissions due to the new mutant “XEC” reached 4.5 per 100,000 people in the week that ended on … Read more
US stock markets fell on Tuesday after oil prices fell, with the S&P 500 index falling 0.2% after hitting records. Fears of weak demand due to the slowdown of the Chinese economy, as well as losses in insurance and energy companies, amid market volatility. Notice UnitedHealth Group shares fell 7.9% despite reporting better-than-expected results, cutting … Read more
Experts are sure that the so-called “honeymoon” in the coalition between Moscow and Riyadh is coming to an end. BRICS summit “/> Saudi Arabia’s Prince Mohammed bin Salman, who is actually the owner of the royal throne, did not accept the Kremlin’s invitation to attend the BRICS summit scheduled for October 22-24 in Kazan, Russia … Read more
Al Arabiya net Oil prices fell 3% in early Asian trading on Tuesday after a media report said that… Israel willingness not to hit Iran‘s oil targets, which dismissed fears of a supply disruption, and after the Organization of the Petroleum Exporting Countries (OPEC) cutOPEC) His forecast for growth in global oil demand in 2024 … Read more