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OPEC Chief Wants Climate Activists to Look at the Bigger Picture
Climate activists should not just push for a reduction in fossil fuel use but should look "at the bigger picture". This is what Secretary-General Haitham Al-Ghais of the oil cartel OPEC said during an energy conference in Cairo.
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US Blacklists Six Chinese Companies Over Spy Balloon
The United States has blacklisted six Chinese companies over their alleged involvement in the development of spy balloons.
According to the US Department of Commerce, these companies have contributed to China's People's Liberation…
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Russia Cuts Oil Production in Response to Western Sanctions
Russia will cut its oil production by about 5 percent next month. With this measure, Deputy Prime Minister Alexander Novak responds to import bans and price caps from Western countries. As a result, Moscow has seen the revenues from its oil…
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Volvo Sells Fewer Cars, Turnover Has Risen
Car manufacturer Volvo saw its revenues rise last year while the number of cars sold fell. The increase in turnover was due to higher prices and favourable exchange rates. As a result, profits were lower compared to last year.
The…
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Turkey Suspends Istanbul Stock Exchange Trading After Quake Losses
The Turkish stock exchange in Istanbul suspended trading on Wednesday after the continued price fall following the country's devastating and deadly earthquakes. It is the first time in 24 years that Turkish stock trading has been halted.…
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Bloomberg: Turkey Wants to Reopen Oil Terminal Closed After Earthquake
Turkey has ordered state-owned Botas to reopen the oil terminal near the city of Ceyhan. Bloomberg reports this based on an official with knowledge of the matter.
However, the terminal was shut down on Monday due to the severe…
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Renault and Nissan Reached an Agreement on Cooperation Reform
French automaker Renault and Japanese partner Nissan have reached an agreement to reshape their more than two-decade-old alliance. As previously announced, Renault will eventually reduce its interest in Nissan.
This ends the skewed…
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Russian Diesel Import Ban Could Drive Up Price at the Pump
Refuelling diesel may become more expensive again shortly. This is due to a European import ban that took effect this weekend. A large part of the diesel in Europe was still made in Russia in recent months. Still, experts think that the…
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