Oil alliance OPEC+ extends crude production cuts into 2025
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | …
Breaking News: Middle East
Turkey’s inflation accelerates to nearly 70% in April
A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli …
Food charity says seven of its workers killed in Israeli airstrike
A boy holds out an empty pot as he waits with other displaced Palestinians queueing for meals provided by a charity organisation ahead of the fast-breaking “iftar” meal during the …
Saudi oil giant Aramco posts 25% fall in full-year profit
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 …
Maersk halts Red Sea shipping until further notice after Houthi militant attack
Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a “more balanced demand environment” emerges. Picture Alliance | Picture …
Riyadh to extend 1 million-barrel-per-day cut as OPEC+ holds policy
The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the …
Israel-Hamas war: News on Gaza conflict
Truce extension for at least 2 days is current expectation: NBC News NBC News report, citing a senior Arab diplomat directly involved in the negotiations, that the current expectation is …
Israel-Hamas war: News on Gaza conflict
Qatar focused on further truce extensions, foreign ministry says Key talks mediator Qatar is focused on further prolonging a cease-fire between Palestinian militant group Hamas and Israel, following a first …
Israel-Hamas war live updates: News on Gaza conflict
Biden calls for Gaza truce to continue U.S. President Joe Biden speaks about the release of hostages from Gaza, in Nantucket, Massachusetts, on Nov. 24, 2023. Brendan Smialowski | AFP …
Turkey’s central bank hikes interest rate by 500 basis points to 40%
Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on …