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UAE targets 5m bpd output after exit from Opec+, Minister says
Abu Dhabi: The UAE has set out a clear and publicly stated plan to raise its oil production capacity to 5 million barrels per day by 2027, positioning itself to play a larger role in meeting global demand at a time of heightened market pressure.Speaking to Al Etihad News Centre, Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said the country is moving ahead with implementing the plan, adding that the UAE aims to remain a responsible producer capable of contributing along...
Kazakhstan set to redirect German oil to Russian ports
NewsWorldEuropeKazakhstan set to redirect German oil to Russian ports Mariya Gordeyeva Tuesday 28 April 2026 18:45 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2966517","articleMeta":{"url":"https://www.independent.co.uk/news/world/europe/germany-russia-oil-kazakhs...
Goldman’s Flood Says Brace for Near-Term Selloff, Buy Stocks Dip
US stock investors should brace for a near-term pullback as positioning becomes increasingly stretched and key institutional buyers flip to sellers, according to Goldman Sachs Group Inc.’s John Flood.
World Bank expects 16% rise in commodity prices in 2026
In developing economies, inflation is now projected to average 5.1% in 2026 under the baseline assumptions
Blackstone’s QTS Asks Banks for $2 Billion to Guarantee AI Power
Blackstone Inc.-backed data center operator QTS is in talks with banks for about $2 billion to help procure electricity, intensifying the race for ever-more creative forms of financing in the industry.
DIGI: Finding the Cracks in the US Consumer | Meredith Whitney
Meredith Whitney, the CEO of Meredith Whitney Advisory Group, breaks down the illusion of a strong US consumer, revealing a widening gap between wealthy spenders and struggling households. She explains how government stimulus is temporarily masking deeper cracks, and why the economy could face a sharp reality check after the election. (Source: Bloomberg)
UAE's withdrawal from OPEC stems from its desire to profit from excess capacity — expert
Nabil Jaafar Al-Marsoumi emphasized that "it cannot be ruled out that this move by the UAE will undermine the efforts of OPEC and OPEC+ to control and regulate oil supplies and adjust production in line with global demand"
OPEC Faces Rift After UAE Exit | Open Interest 4/28/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks tied to OpenAI slide after a report of missed growth targets, while oil holds above $110 even as the UAE exits OPEC on May 1. Earnings roll in against a cautious consumer backdrop as confidence edges higher. UAE Energy Minister Suhail Al Mazrouei joins us on the geopolitical shakeup, Mike McKee breaks down the latest consumer data, Atomic-6 CEO Trevor Smith looks at AI data centers in spa...
UAE to exit OPEC, OPEC+ amid West Asia conflict: How can world tackle the oil shock?
UAE to exit OPEC OPEC amid West Asia conflict How can world tackle the oil shock
Lula to Unveil $20 Billion Debt Relief Plan Ahead of Election
President Luiz Inacio Lula da Silva plans to roll out a program to renegotiate more than 100 billion reais ($20 billion) in household debt, adding to a string of measures to support consumption as he seeks to bolster his popularity ahead of Brazil’s October election.
Markets Downplay War’s Impact on Petrochemicals, Pipeline CEO Says
Investors are misjudging how much Strait of Hormuz closures could impact global flows of petrochemicals, said Enterprise Products Partners LP Chief Executive Officer Jim Teague, adding to a chorus of industry voices warning about lingering disruptions from the Iran war.
Wheat Highest Since 2024 as Drought, Fertilizer Costs Hit Supply
Wheat surged to the highest in nearly two years as drought in the US was pressuring yields at a time soaring fertilizer costs prompted farmers to pare back planting of nutrient-intensive crops such as grains.
Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded
The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said.
IFC Report: Morocco’s Private Sector Holds Back Stronger Growth
Rabat – Morocco’s private sector has yet to reach its full capacity, despite a decade of steady economic gains, according to a new report by the International Finance Corporation (IFC). The World Bank Group-affiliated institution’s latest diagnosis offers a clear-eyed assessment of Morocco’s economic ecosystem. It argues that while Morocco has built solid economic fundamentals, structural limits continue to restrain private initiative and long-term growth. Over the past ten years, the coun...
UAE’s withdrawal from OPEC may lead to growing oil supplies to market - newspaper
According to the report, the announcement on the withdrawal of one of world’s largest oil producers from associations takes place in a "dramatic moment" when the world faces the severest energy crisis of the last decades
Morocco Ranks Second in Africa’s China Ready Index 2026
Marrakech – Morocco has been ranked the second most prepared African destination for Chinese tourists, according to the 2026 China Ready Index released at World Travel Market Africa in Cape Town this week. Egypt secured the top spot. Kenya, Tanzania, and South Africa rounded out the top five. The China Ready Index is a global benchmarking system developed by CBISN. It scores destinations across six pillars: safety and service quality, visas and connectivity, destination experience and infr...
Wine industry turns to younger drinkers to solve falling consumption
NewsWorldAmericasWine industry turns to younger drinkers to solve falling consumptionThe wine slump is a global phenomenon, with a ‘sustained decline’ in key markets including China, UK, and USRodrigo Gutierrez Tuesday 28 April 2026 17:51 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":...
Gas prices jump to their highest level since start of Iran war
MoneyWatch Gas prices jump to their highest level since start of Iran war .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham Updated on: April 28, 2026 / 12:50 PM EDT / CBS News Add CBS News on Google T...
Gold- Silver Rates: अचानक क्या हुआ? अभी-अभी 7000 रुपये सस्ती हुई चांदी, सोना भी बिखरा
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GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook
Companies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegalSign up for the Breaking News US email to get newsletter alerts in your inboxGeneral Motors is expecting a $500m tariff refund after the US supreme court struck down some of Donald Trump’s most sweeping levies.That has boosted the Detroit automaker’s outlook for 2026. On Tuesday, GM said it was now looking to rake in $13.5bn-$15.5bn in earnings before interest and taxes this year – up from...