IEA says oil demand may return to pre-crisis levels in a year
Global oil demand may rebound to levels seen before the pandemic in a year, the International Energy Agency said, signaling a speedier recovery than its…
Iran’s push to lift sanctions boosts MTN’s plan to withdraw cash
Iran’s efforts to remove U.S.-led sanctions from its economy could allow Africa’s largest mobile-phone provider to repatriate about 2.8 billion rand ($204 million) from the…
Putin is betting coal still has a future
Russia is spending more than $10 billion on a railroad that will help it ramp up coal exports to Asia. It's even mobilizing prisoners to…
Singapore Airlines says reserves sufficient for well into 2023
Singapore Airlines Ltd. said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into…
Korea exports post biggest gain since 1988 as world reopens
South Korea’s exports surged the most since 1988 in May as a reopening of overseas economies boosted demand for products manufactured by the Asian nation.
One of world’s top ports expects delays on China covid outbreak
One of the world’s busiest ports could see shipments delayed as a Covid-19 outbreak that earlier closed part of the facility spurs stricter virus-control measures.
OPEC+ sees tight oil market as ministers set for supply talks
A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.
Exports, housing bolster Canada’s economy in face of lockdowns
Canada’s economic recovery likely forged ahead in the first quarter, with a recovering export sector and red-hot housing market bringing total output to the cusp…
Qatar Airways is in a mystery spat with Airbus
Qatar Airways Chief Executive Officer Akbar Al Baker threatened to stop taking deliveries of Airbus SE jets this year because of an unspecified “serious” disagreement,…
Iran’s oil minister says country can boost output rapidly
Iran’s oil minister said the country can increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015…
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