US West Texas Intermediate crude futures rose 44 cents, or 0.72 per cent, to $61.94, after rising 8.9 per cent and 7.7 per cent in the previous week
The EU rule requires larger companies operating in the bloc to find and fix human rights and environmental issues in their supply chains or face financial penalties
The two top oil consumers have recently renewed their trade war, imposing additional port fees on ships carrying cargo between them
The 106-metre vessel, built by German shipyard Lürssen with interiors designed by French architect François Zuretti, was seized by the US Department of Justice in 2022
The deal forms part of Mubadala Energy’s strategy to expand across the gas value chain while supporting the transition to lower-emission fuels
Authorities reported several injuries in the remote Russian region, with strong aftershocks expected
The hostilities between the former allies intensified when the president criticised Tesla CEO Musk in the Oval Office
US President Trump says, the deal will generate billions of dollars in business and accelerate efforts by the UAE, an oil power and regional economic power
Among the agreements was a memorandum of understanding for energy cooperation between Saudi Arabia’s Ministry of Energy and the US Department of Energy
A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi are being unveiled this week
F-15SA aircraft flanked Air Force One as it approached King Khalid International Airport, in a show of military pageantry
Motorists have been advised to avoid several roads, particularly around the Diplomatic Quarter and central Riyadh
Business leaders including Elon Musk, BlackRock CEO Larry Fink and Citigroup CEO Jane Fraser will also be on the trip
The United States and China had ended trade talks on a positive note on Sunday, with US officials touting a “deal” to reduce the US trade deficit
The world’s two largest economies said they would suspend most of the punitive tariffs that have battered global trade flows
The partial rollback of tariffs on some imports from China may be perceived as a positive step
Georgieva emphasised the need for rebalancing policies — fiscal, monetary, and structural — that reduce vulnerabilities and mitigate trade frictions
Saudi Arabia, the world’s largest oil exporter, is seeking to generate substantial renewable energy and reduce emissions
US and China are stuck in an unprecedented, and expensive, game of chicken, and it seems that both sides are unwilling to back down
The tariff regime, described by Trump as a “universal baseline tariff”, aims to set a flat 10 per cent import tax on all goods entering the US
The United States imposes a 2.5 per cent tariff on passenger vehicle imports, while India imposes 70 per cent, the White House said in a statement
The president said the trip will centre on securing more than $1tn in investment into the US economy
The UAE will increase its existing investments in AI infrastructure, semiconductors, energy and manufacturing, the White House said
Rubio arrived in Saudi Arabia earlier in the day from Israel where he began his first visit to the region as the top US diplomat
The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
The kingdom is eager to seize partnership and investment opportunities created by the new administration’s anticipated reforms
Gold is sticking closely to its role as a safe haven during economic and geopolitical uncertainty
His inauguration speech focused on emergencies in immigration and energy and a more expansionist foreign policy, including a pledge to take back the Panama Canal
Among those seated prominently were the three richest men in the world
The US imposed its toughest sanctions on Russian producers and tankers yet on January 10