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Morocco Showcases Investment Opportunities to Manchester Business Community
Agadir – Morocco’s ambassador to the UK, Hakim Hajoui, engaged in a high-level meeting in Manchester to showcase Morocco’s investment potential to a wide range of British business leaders to strengthen the growing economic ties between the two countries. Speaking during the meeting on Friday, ambassador Hajoui noted that the talks are part of a broader framework of the long-standing partnership between Morocco and the UK, underlining over eight centuries of diplomatic relations. He pointed...
Opec+ agrees third oil output quota hike since Hormuz closure
Opec+ agreed on Sunday on a modest oil output hike for June, an increase that will remain largely on paper as long as the US-Israeli war on Iran continues to disrupt Gulf oil supplies through the Strait of Hormuz. Seven Opec+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, Opec+ said in a statement after an online meeting. The increase is the same as that agreed for May minus the share of the United Arab Emirates (UAE), which le...
The Energy Source Hiding Beneath Your Feet
As data centers push US electricity demand toward a projected 20% increase over the next decade, one overlooked power source is getting a second look: geothermal. New techniques borrowed from oil and gas fracking are unlocking heat from deep underground in places far beyond traditional hot springs. Private capital has poured more than $1.5 billion into next-gen geothermal since 2021, and companies like Ormat and Sage Geosystems are partnering to bring commercial projects online by 2027. (Source:...
After eliminating Oilers, Ducks turn focus to next 'big challenge' — the Golden Knights
ANAHEIM, Calif. — Two days later, Honda Center was a much quieter place. An empty arena, other than the rhythmic and random sounds of skate blades cutting through the ice and pucks being banged about.It was another workday for the Anaheim Ducks, but this one was full of anticipation. The sounds of a euphoric crowd celebrating the franchise’s first playoff series victory in nine years will continue to echo for all who basked in the moment. But for the Ducks, their Saturday at the office meant tha...
Kiev’s attacks on Russian oil facilities may lead to further rise in prices, Kremlin warns
Oil supplies to the global market have greatly declined due to developments in the Strait of Hormuz, and if some of our oil supplies fail to reach the market, prices will grow even higher, while they have already reached the $120 per barrel level, Kremlin Spokesman Dmitry Peskov told
Crude beyond $120: Oil prices touch four-year peak, here's what analysts are saying
Global oil prices surged to a four-year high amid escalating US-Iran tensions and fears of a Strait of Hormuz closure, impacting gasoline prices and broader economies. Analysts warn of a potential global recession due to supply disruptions, with shortages already affecting various goods. Experts predict further price hikes until the strait reopens.
OPEC+ countries to raise oil June output quotas by 188,000 barrels per day
The member states "will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments"
Trump’s green new deal
The US president’s actions have inadvertently raised the appeal of renewable energy
US blocking tactics delay global shipping carbon levy talks
Legal adoption of deal agreed by majority a year ago pushed into limbo
Adnoc to Speed Growth With $55 Billion Project Awards Post-OPEC
The United Arab Emirates’ flagship oil company Adnoc is planning to accelerate a growth plan with 200 billion dirham ($55 billion) in project awards spanning upstream and downstream operations, following the country’s exit from OPEC on May 1.
Why the A.I. Job Apocalypse (Probably) Won’t Happen
The feeling of efficiency should be mistrusted.
US Department of Justice loses a quarter of its lawyers
Thousands have quit or been fired since Trump returned to office with an agenda focused on immigrants and enemies
HORMUZ TRACKER: Traffic Halts as Trump Weighs Iran’s New Offer
Traffic through the Strait of Hormuz has come to a virtual standstill while US President Donald Trump weighs Tehran’s latest peace proposal.
Markets this week: State poll verdicts, oil prices and Q4 earnings to steer mood
Markets brace for a crucial week as investors await state election results, with potential impacts on sentiment. Developments in the West Asia conflict and their influence on crude oil prices remain a significant concern for India's import-dependent economy. Key economic data and Q4 earnings will also shape market movements.
Can higher oil prices negate damage to Qatari gas plant for Shell?
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Fire Put Out at Russia’s Primorsk Port From Drone, Governor Says
Russia said Ukraine attacked Primorsk port on the Baltic Sea, a key oil export hub, causing a fire that local authorities said was quickly extinguished.
Dynamic pay on platforms such as Uber should be banned, says TUC
Exclusive: Union body finds workers describing themselves as ‘gambling’ because wages felt like the outcome of chance rather than workThe practice of using “dynamic pricing” to set pay on gig economy platforms including Uber should be banned because it leaves workers at the mercy of shadowy algorithms with no certainty over their earnings, trade union leaders have urged.In a report exposing the human cost of the gig economy practice, the Trades Union Congress said pay was becoming decoupled from...
Iranian super tanker slips past US blockade with $220 million oil cargo
Despite US claims of total control over the Strait of Hormuz and a successful naval blockade, an Iranian oil tanker carrying over 1.9 million barrels of crude has reportedly evaded US forces and reached Asia. This incident, alongside claims of numerous Iranian vessels breaching the blockade, highlights ongoing challenges in enforcing the US-imposed restrictions.
South African Wine Estates Are Targeted by Global Buyers (Video)
Kathryn Stockett Has Finally Followed Up ‘The Help’
It was a blockbuster hit, yet she says she was “fired” by her publisher. After a spell in Bali, she’s back on home turf with “The Calamity Club.”