Kuwait Petroleum Corp. (KPC) intends to invest about 10 billion Kuwaiti dinars ($33 billion) over five years to increase oil production. According to CEO Sheikh Nawaf Al-Sabah, the company plans not only to maintain the current capacity, but also to significantly increase it in accordance with strategic goals.According to Nawaf, Kuwait's forecast for stable oil demand until the middle of the century coincides with the expectations of such major market players as TotalEnergies SE and Vitol Group.... Read More
The foreign trade of Russia and China under the pressure of sanctions may switch to barter schemes... Read More
Hezbollah may strike Israel in the coming days. According to CNN, citing sources familiar with the... Read More
On the one hand, the country's foreign exchange reserves have reached a new high since the... Read More
The US stock market showed significant volatility last week. After the S&P 500 index fell by 3%... Read More
American natural gas companies are preparing to reduce production in the second half of 2024 amid a... Read More
Oil prices continued to rise on Wednesday, following a slight increase in the previous session.On... Read More
Elon Musk declares war on companies boycotting X. Musk has filed an antitrust lawsuit against the... Read More
The price of gold fell from near record levels during Asian trading on Tuesday. The recovery of... Read More
On Monday, the main stock indexes of Western Europe ended trading with a significant drop amid a... Read More
Japanese stocks soared at the opening of trading on Tuesday, after representatives of the central... Read More
Goldman Sachs forecasts a rise in gold prices to $2,700 per ounce. Goldman Sachs Group analysts... Read More
On Monday, there was a sharp drop in the value of bitcoin amid a large-scale sale of high-risk... Read More
Stock indexes in the Asia-Pacific region (APR) declined sharply on Monday. Japan's Nikkei 225 fell... Read More
The worst day for global stock markets since 2020. Today, the global stock market is experiencing... Read More
Bank of America analysts are urging investors to sell shares at the first interest rate cut by the... Read More
The hype around artificial intelligence (AI) has peaked, but experts warn that without a... Read More
The European Commission recommended Hungary and Slovakia to look for alternative sources of oil to... Read More
On Thursday, the price of gold broke the $2,500 per troy ounce mark for the first time in... Read More
The Bank of England has lowered its base interest rate by 25 basis points to 5% per annum following... Read More
Oil prices rose during Asian trading on Thursday, continuing the sharp rise of the previous... Read More
The US Federal Reserve System decided to keep the interest rate on federal loan funds at the level... Read More
The US Federal Reserve has kept the key rate at the same level of 5.25%-5.5%. At a press... Read More
IT giant Microsoft ended the 2023-2024 fiscal year (June 30) with an impressive 21.8% ($88.136... Read More
Mastercard Inc., the world's largest credit card company, has posted impressive financial results... Read More
Coinbase, the leading American cryptocurrency trading platform, is actively expanding its board of... Read More
According to preliminary data from Eurostat, consumer prices in the eurozone increased by 2.6%... Read More
The Israeli Armed Forces struck Beirut in response to the shelling of the Golan Heights by... Read More
In the second quarter of 2024, global demand for gold (excluding OTC transactions) decreased by 6%... Read More
The last two weeks on the stock market have been marked by a decrease in investor activity, which... Read More
As the end of the Bank of Japan's decade of low interest rates approaches, foreign investors see... Read More
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