Economy

Mexican President Andres Manuel Lopez Obrador said on Thursday he may reverse Mexico’s 2013-2014 energy liberalization next year if he is unable to “rescue” state oil company Petroleos Mexicanos and electricity utility CFE with existing…

Iraq’s oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increase Iraq’s crude oil exports. State news agency INA had quoted Abdul Jabbar as…

 Libya’s National Oil Company said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January. The NOC said on Tuesday it was…

Oil prices fell on Monday, weakened by the possible resumption of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the…

TikTok owner Bytedance said in a social media post on Sunday that it was the first time it had heard in the news it was setting up a $5 billion education fund in the United States. U.S. President Donald Trump said he had approved a deal,…

Eastern Libyan commander Khalifa Haftar announced on Friday he would lift for one month his blockade of oil output and said he had agreed with the rival Tripoli government on “fair distribution” of energy revenue. “We are ready to open…

Russian Energy Minister Alexander Novak expects global oil demand to recover fully in the second quarter of 2021, he said on Thursday. Novak also said that the global oil demand recovery has slowed and that leading oil producers, a group…

Saudi Energy Minister Prince Abdulaziz bin Salman warned traders against betting heavily in the oil market. He said that he will try to make the market jumpy and promised those who gamble on the oil price would be “ouching like hell”.

Oil prices rose about 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil…

The Spanish economy will expand at a pace above 10% in the third quarter, Economy Minister Nadia Calvino said on Thursday, without giving projections for the full year. The minister reiterated the forecast after the central bank on…