A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Reuters/Stringer/File Photo By Reuters India will keep purchasing oil from Russia despite U.S. President Donald Trump’s threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Photographer Pavel Mikheyev/File Photo By Reuters Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China,

A parachutist performs during the Republic Day celebrations in Rome, Italy, June 2, 2025. Photographer Alberto Lingria By Xinhua News Agency As a trade deal between the United States and the European Union (EU) remains unresolved, Italy is grappling with dual challenges: a new round of U.S. tariffs that could directly hit its export-reliant economy

By Anadolu Agency The US will impose 30% tariffs on the EU and Mexico starting Aug. 1, President Donald Trump announced on Saturday. In a post on Truth Social, Trump shared separate letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, announcing a 30% tariff on goods bound for

By Anadolu Agency Russian Foreign Minister Sergey Lavrov said Sunday that the BRICS bloc of developing economies seeks to create “a more stable global economic architecture.” Lavrov’s remarks came at the BRICS Summit in Rio de Janeiro, Brazil, according to the Russian Foreign Ministry. Noting that regional organizations like the African Union, the Community of

By Reuters Kenya is planning to privatise some state assets via initial public offerings in order to bring in more private sector investment, President William Ruto said in remarks at the London Stock Exchange on Wednesday. The government plans to start with listing the Kenya Pipeline Company via an IPO on the Nairobi Securities Exchange

By The African Exponent Africa produces nearly 10 million barrels of oil daily, accounting for about 10% of global crude oil production. Nigeria is the largest oil producer on the continent, followed by Angola, Algeria, Libya, and Egypt. While Africa is a net exporter of crude oil, it is also a net importer of petroleum

Chinese President Xi Jinping, Kazakh President Kassym-Jomart Tokayev, Kyrgyz President Sadyr Japarov, Tajik President Emomali Rahmon, Turkmen President Serdar Berdimuhamedov and Uzbek President Shavkat Mirziyoyev pose for a group photo in Astana, Kazakhstan, June 17, 2025. The second China-Central Asia Summit was held in Astana on Tuesday. Tokayev chaired the summit. Xi, Japarov, Rahmon, Berdimuhamedov

An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, August 24, 2022. Photographer Pascal Rossignol/File Photo By Reuters Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from

U.S. Treasury Secretary Scott Bessent and Chinese vice premier He Lifeng pose for a photo with U.S. Trade Representative Jamieson Greer, U.S. Secretary of Commerce Howard Lutnick, Chinese Commerce Minister Wang Wentao, and China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, in London, Britain By Reuters Top U.S. and Chinese officials will