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U.S. Gas Prices Climb Further as Effects of Iran War Reverberate
The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
UAE’s exit from OPEC could stabilize oil prices — Turkish energy minister
Alparslan Bayraktar added that nations can strive to determine their own policies and form alternative groups under the current circumstances
India Warns of Demand Hit to Economy After Iran War Boosts Costs
India is facing supply shocks from the Middle East war, and the resulting hit to domestic demand is a serious concern, the Finance Ministry said in its monthly economic review.
Sri Lanka discloses another missing payment, days after hackers stole $2.5M from its finance ministry
Sri Lanka said on Tuesday that a payment of about $625,000 (about 199.7 million Sri Lankan rupees) to the U.S. Postal Service has been missing for several weeks, after U.S. officials reported that the payment had failed to arrive, reports local media. Authorities detected the incident after hackers allegedly tried to divert another payment intended for India.
US Core Capital Goods Orders Rise by Most in Nearly Six Years
US orders for business equipment saw a sharp rise in March as the value of core capital goods orders jumped 3.3% after an upwardly revised 1.6% advance in February, the most since mid-2020. Michael McKee has a look at today’s economic data on Bloomberg Television. (Source: Bloomberg)
UAE’s OPEC exit to impact US economic interests — Russian senator
The UAE’s departure from OPEC signals that oil prices may fall, which would be unprofitable for the United States, a country that relies on consistently high oil prices as an exporter, Vladimir Dzhabarov said
Reports Detail Ambition, Challenges of the Spain-Morocco Tunnel
Rabat – Media coverage of the Spain-Morocco tunnel megaproject continues, highlighting the contrast between its sweeping ambition scope and challenges. OkDiario has recalled studies that are ongoing to ensure the feasibility of the project, including a geotechnical study of the Camarinal Threshold, which reaches a maximum depth of 300 meters below the seabed. Located at the Strait of Gibraltar at roughly 280-300 meters depth, it is the shallowest submarine ridge separating the Atlantic Oce...
UAE’s Opec exit will drive down oil prices, warns Moscow
Russia and Kazakhstan confirm their intention to remain within Opec+
UAE’s exit from OPEC could increase access to oil supplies for India — experts
The shift also opens up new avenues for bilateral energy engagement, according to Yogesh Jambhale, Senior Research Manager at Rubix Data Sciences
India to buy 8.3 mln tons of fertilizers amid rising prices
According to the report, imports will comprise 6.4 mln metric tons of urea and 1.9 mln metric tons of other fertilizers
Expert warns of risk of oil price war after Middle East conflict
Alexander Frolov believes the UAE’s decision indirectly indicates doubts about the country’s ability to maintain non-oil and gas revenues at previous levels after the conflict ends
US gas prices hit $4.23 high as Hormuz fears drive oil surge
Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022Sign up for the Breaking News US email to get newsletter alerts in your inboxAverage US gas prices have hit a new high at $4.23 per gallon, their highest since 2022 and a record since the start of the war with Iran, according to the motor club AAA.The price of Brent crude, the benchmark that influences the price of US gasoline prices, now stands at $114.60 a barrel, up nearly 25% from th...
Citi Picks Veteran Mideast Banker Tannir for Top Regional Role
Citigroup Inc. has hired Karim Tannir, one of the most senior investment bankers in the Gulf, to lead its Middle East and Africa business as part of its efforts to make deeper inroads into a lucrative region.
From Oil To Critical Minerals: The Next Energy Security Risk
InnovationSustainabilityFrom Oil To Critical Minerals: The Next Energy Security RiskByElena Bou,Contributor.Forbes contributors publish independent expert analyses and insights. Elena Bou, Co-Founder, InnoEnergyFollow AuthorApr 29, 2026, 08:40am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.CHONGQING, CHINA - JULY 26: In this photo illustration, metal cubes representing rare earth elements including Neodymium (Nd), Prase...
Nearly two million more higher-rate taxpayers since start of decade
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UAE’s withdrawal from OPEC marks climax of quota dispute with Saudi Arabia
Ahmed Mustafa, the Director of the Cairo-based Asia Center for Studies and Translation, said the rift between Abu Dhabi and Riyadh simmered since 2020
Ackman’s $5 Billion Pershing IPO Squeaks Across the Finish Line
Bill Ackman’s Pershing Square is finally going public after years of social media-hyping about building an empire modeled on Warren Buffett’s, and even after raising $5 billion for his vision, the hedge-fund billionaire faces another test.
US Core Capital Goods Orders Surge by Most Since 2020
US orders for business equipment increased in March by the most since mid-2020, extending a yearlong stretch of solid capital investment fueled by spending on artificial intelligence.
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Bank of Russia sells $61.04 mln worth of yuan with settlements on April 28
The volume of foreign currency sales on the domestic market with settlements on April 27 amounted to $62.39 mln