India has ramped up its oil purchases from Russia as tensions escalate in the Middle East. This shift, occurring against a backdrop of geopolitical unrest, could have significant implicatio…
Indian External Affairs Minister S. Jaishankar recently convened a high-level meeting with National Security Advisor Ajit Doval and Chief of Defence Staff General Anil Chauhan to discuss st…
Iran's leadership has issued a stark warning regarding the ongoing dangers in the Strait of Hormuz, a vital maritime route for global oil shipments, highlighting significant geopolitical te…
The G7 nations have reached a deadlock on the release of strategic oil reserves, raising concerns about global supply disruptions and economic stability. This decision, made during their re…
The Estado has announced the sale of five prime properties, aiming to raise at least 17.9 million in revenue to bolster state finances. This strategic move, revealed this week, hig…
Aramco’s stock experienced a remarkable surge of 4% on Tuesday, marking its most significant increase in three years. The rise in share value is attributed to positive market sentiment and …
The ongoing conflict in the Middle East has triggered significant disruptions in global trade routes, affecting African economies, particularly in Nigeria's commercial hub, Lagos. As the wa…
Miranda Sarmento, the Minister of Finance, recently issued a stark warning regarding potential budget deficits in 2026 during a press conference in Abuja. She highlighted concerns over the …
In a startling escalation of geopolitical tensions, the United States has accused Iran of attempting to hold the world hostage with its nuclear ambitions, prompting NATO to reaffirm its com…
In the wake of escalating tensions following the recent attack on Iran, Portugal's energy body REN has assured that the national gas system is fully equipped to handle the situation. This d…
In a recent statement, Portuguese Finance Minister Miranda Sarmento acknowledged that the cumulative discount on the ISP (Imposto sobre Produtos Petrolíferos) could extend longer than origi…
On Monday, the Iranian government declared a state of crisis following an unprecedented spike in global oil prices, prompting the closure of universities and a nationwide scramble for resou…
