The illicit oil trade in Libya, fueled by heavily subsidized fuels being smuggled abroad, is sustaining the country’s rival political factions. The practice has created a steady revenue stream for armed groups,
Oil prices edged lower in early Asian trading on Monday, as concerns over political upheaval in Venezuela were outweighed by abundant global supply. Brent crude futures fell 34 cents to $60.41 a
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Venezuela is unlikely to see a meaningful increase in crude oil production for years, even if U.S. energy companies invest billions of dollars following President Donald Trump’s pledge after the capture of
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Tesla reported a steeper-than-expected fall in fourth-quarter vehicle deliveries on Friday and posted its second consecutive annual decline in sales, underscoring mounting challenges in sustaining demand for its electric vehicles after the
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Japan’s Cabinet, led by Prime Minister Sanae Takaichi, approved a record ¥122.3 trillion budget on Friday for the fiscal year beginning April 1, 2026, which includes ¥29.6 trillion in government bonds to
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India’s exports to the United States have rebounded sharply despite facing some of Washington’s steepest tariffs, offering New Delhi a boost in confidence as trade negotiations continue, though economists warn the headline
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This year, Iran exported roughly 1.67 million barrels per day, a 5% increase from 2024 and the highest since U.S. sanctions were reimposed in 2018. China accounted for approximately 750,000 barrels per
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More than half of British businesses say they are struggling to grow sales in Europe as trade frictions worsen, highlighting mounting concerns over the effectiveness of the UK’s post-Brexit trading arrangements. Research
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The European Union’s effort to clinch its largest-ever free-trade agreement has been thrown into uncertainty after leaders failed to finalize the long-delayed Mercosur pact, dealing a blow to Brussels’ ambitions to assert
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The UK government on Thursday imposed sanctions on three smaller Russian oil producers—Tatneft PJSC, Russneft PJSC and NNK PJSC—as Western nations continue efforts to limit Russia’s energy revenues while a US-brokered peace
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A growing wave of Chinese consumer brands is expanding into the United States, betting that higher margins and deeper pockets among American shoppers can offset slowing demand at home. Throughout 2025, companies
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