Digital transformation will unlock over $320B in savings for oil, gas industry, says Rystad Energy
The oilfield services (OFS) sector is undergoing a profound transformation as digital innovation emerges as a defining force, creating new…
China’s turnaround: From world’s biggest polluter to renewable energy juggernaut
China’s transformation into a renewable energy juggernaut over the last decade is nothing short of astonishing. Over the past decade,…
Fed meeting preview: odds of a rate cut are high, but member splits, missing data cloud outlook
The Federal Reserve’s December 9-10 policy meeting is shaping up to be one of the most uncertain in years, as…
India’s Central Bank lowers rates, citing weak pockets in economic data
India’s central bank lowered its benchmark policy rate by 25 basis points to 5.25% on Wednesday, matching expectations from economists.…
Geopolitical oil shock: US-Venezuela tensions threaten heavy crude prices
Escalating military tensions between the US and Venezuela are poised to significantly impact benchmark crude oil prices, as the Trump…
India and Russia to boost strategic ties as trade pressure from US grows
India and Russia are using a closely watched meeting in New Delhi to reinforce their strategic and economic partnership at…
US core PCE slows to 2.8% in September, strengthening case for Fed rate cuts
A key measure of US inflation eased more than expected in September, offering the Federal Reserve fresh evidence that price…
Commodity wrap: rate cut hopes fuel gold, silver rally; oil prices climb on geopolitical risk
Gold prices rose on Friday after the release of the US inflation data, which ignited fresh hopes for an interest…
ExxonMobil shuts Singapore cracker, signals deep distress in global petrochemicals sector
ExxonMobil is set to discontinue operations at the older of its two steam crackers on Singapore’s Jurong Island starting in…
Global growth slows but AI boom helps steady outlook, say Fitch and OECD
The global economy is heading into a period of its weakest expansion since the pandemic, but both Fitch Ratings and…