Economy

IEA chief says current oil and gas crisis worse than 1973, 1979, 2022 combined

The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the…

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OPEC+ plans symbolic oil quota hike amid war, delegates say

OPEC+ members plan to raise their production quotas for May, in a symbolic move as the Middle East conflict constrains…

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Vietnam Q1 growth slows as costlier Middle East energy tests 2026 target

Vietnam’s economy slowed in the first quarter from the three months prior, data showed on Saturday, as heavy exposure to…

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Hike in energy prices will be high ‘for a very long time’: EU energy commissioner

The EU is assessing “all possibilities” including fuel rationing and releasing more oil from emergency reserves as it braces for…

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One dead after debris from intercepted attack hits Abu Dhabi gas site

One Egyptian citizen was killed and four people suffered minor injuries after debris from an intercepted attack fell on Abu…

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Emirates Global Aluminium says full production recovery from attack could take a year

Emirates Global Aluminium said fully restoring primary aluminum production at its Al Taweelah smelter in the UAE that was hit…

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Pharmaceuticals face 100% tariffs in US – unless firms strike a deal

Patented medicines will face a 100% tariff entering the US – but companies can still avoid the taxes by striking…

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Iran war could make beer and bottled water pricier for Indians

Indians are bracing for summer, with temperatures expected to cross 45C in some parts of the country. But the war…

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Is X down? Users report issues with feed, log in and app

 Users are facing issues on Musk’s X (formerly Twitter) as they reported having difficulties accessing the social media platform and…

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Iraq’s oil revenues down more than 70 pct. from February: Official

Iraq’s oil export revenues in March dropped more than 70 percent from February, an Iraqi official said Thursday, after the…

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