Iraq Can’t Afford OPEC-Mandated Oil Production Cut, Senior Leader Says
Iraq can’t afford to reduce its oil production as part of a move by OPEC+ to slash output…
Iran Oil Workers Strike as Antigovernment Protests Expand
Workers at a petrochemical complex in southern Iran went on strike Monday, the latest sign that…
Biden Flirts With Tropical Tyrants
At first glance Vladimir Putin and Hurricane Ian would seem to have little in common. But the…
Asian stocks mixed on strong US hiring, OPEC oil output cuts
BEIJING — Asian stocks were mixed Thursday after strong U.S. hiring dampened hopes the Federal…
U.S. Looks to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil
The Biden administration is preparing to scale down sanctions on Venezuela’s authoritarian regime…
WTO Sees Sharp Slowdown in Global Trade, Pointing to Possible Recession
World trade in goods is projected to slow sharply next year under the weight of high energy prices…
Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors
LONDON—Thousands of businesses across the U.K. are buckling under rampant inflation and flagging…
Hong Kong shares soar 6%, leading Asian market gains
TOKYO — Hong Kong’s share benchmark soared more than 6% on Wednesday as Asian shares tracked…
EU Likely to Approve G-7 Cap on Russian Oil Price in Two Steps
BERLIN—The European Union has advanced work on a price cap for Russian oil under an approach that…