Swiss commodity trader Gunvor, which is majority-owned by businessman Thorbjorn Tornqvist, made a net profit after tax of $841 million in the first half of 2022 against $231 million a year earlier. In general,...

American stock indexes, which traded in positive territory for most of trading on Monday, unexpectedly reversed towards the end of the session and ended the day with a fall. Investors reacted negatively to media...

The US plans to return world oil markets to the state of the 1980s, when the Soviet Union suffered due to the low cost of „black gold”, Biden’s visit to the Middle East may...

Saudi Arabia can increase oil production to 13 million barrels per day from the current 10 million, after which the country’s ability to increase hydrocarbon production will be exhausted, Crown Prince Mohammed bin Salman...

One of the world’s leading manufacturers of luxury goods Burberry Group Plc in the first financial quarter, which ended on July 2, increased like-for-like sales by only 1% due to lockdowns in China. Burberry...