Oil rose by 11% during the month of October, as consumption continues to outpace supply and fuel the sustained draining of global stockpiles.
As the ongoing worldwide shortage of natural gas continues to influence a boost in demand for oil products, there is a strong likelihood for the continued decline...
As the G20 conference in Rome gets underway, the United Kingdom has committed to delivering up to 20 million additional doses of coronavirus vaccines to developing nations in an effort to fuel the global post-pandemic economic recovery.
This pledge comes after Britain committed itself earlier in the year at a...
Merck & Co announced on Wednesday that it has signed a licensing agreement with the United Nations-backed Medicines Patent Pool (MPP) to allow other companies to manufacture generic versions of the U.S. drugmaker's oral antiviral COVID-19 treatment. The agreement would be valid in 105 low and middle-income countries.
The experimental...
In an effort to achieve the country's goal of becoming a regional commercial hub, the Kingdom of Saudi Arabia has provided 44 international companies with the licenses to establish regional headquarters in the capital city of Riyadh, the government announced on Wednesday.
Among those companies are Baker Hughes, Deloitte, Siemens,...
Oregon-based coffee chain Dutch Bros is experiencing exponential sales growth, thereby applying mounting pressure to current industry leaders Dunkin' and Starbucks. Having made its public debut on the NYSE in September, the company's shares have since risen in value by 56%. According to analysts, this growth is the result...
The Crown Prince of the Kingdom of Saudi Arabia announced on Saturday that the Gulf Arab nation will seek to eliminate carbon emissions by 2060. This will result in Saudi Arabia more than doubling its annual target for reducing net carbon emissions.
"The Kingdom of Saudi Arabia aims to reach...
Volvo Car AB is looking to raise 25 billion kronor ($2.9 billion) in a Stockholm IPO, making it the largest in Europe since January. This comes as the Swedish vehicle manufacturer looks to make headway into the electric vehicle sector.
The company revealed in a statement on Monday that it's...
With the global energy crisis triggering a spike in oil demand, Brent Oil reached a price of $85 per barrel for the first time since 2018. The demand for oil comes due to a mass shortage of gas and coal.
Brent futures in London rose by 1.3% to a price...
Russian tech giant Yandex is moving to acquire the Israeli e-scooter ride-sharing company Wind, thereby expanding its portfolio in the country. Yandex announced last week that the deal is expected to be concluded by the end of the week. The specific terms of the deal remain undisclosed.
Currently, Wind operates...
Canadian lithium development giant Rock Tech Lithium is aiming to build a converter plant in Brandenburg, Germany, the state within which Berlin is located.
The state's energy ministry and the company said on Monday that Rock Tech Lithium is looking to use the plant to produce battery-grade lithium hydroxide for...