Archive
Kuwait has signed a $16 billion agreement with a global investment consortium to develop its oil pipeline network, marking the country’s largest foreign direct investment deal to date.
StaffJuly 25, 2026
Escalating tensions around the Strait of Hormuz and the Bab al-Mandab have disrupted global supply chains, forcing shipping companies to reroute vessels and driving up transportation and insurance costs.
StaffJuly 25, 2026
House Republicans advanced a party-line budget plan that could unlock billions in new spending, including major military funding, while also backing measures on election rules and congressional stock trading ahead of the midterm elections.
StaffJuly 23, 2026
Equinor reported $4.84 billion in quarterly profit and expanded its 2026 share buyback programme to $3 billion.
StaffJuly 22, 2026
Oil erased early gains after Iran signaled possible talks with Washington, easing fears over supply disruptions in the Strait of Hormuz.
StaffJuly 20, 2026