Energy Markets

Georgia passes 2018 budget, expects GDP to rise 4.5 percent next year

Georgia passes 2018 budget, expects GDP to rise 4.5 percent next year

Published 15/12/2017

TBILISI (Reuters) - Georgia expects state revenues and spending to rise next year and forecasts 4.5 percent economic growth in the budget passed by the [more…]

Out of U.S. sanctions, Sudan tries to lure back investors

Out of U.S. sanctions, Sudan tries to lure back investors

Published 15/12/2017

LONDON (Reuters) - Sudan’s president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in [more…]

Venezuela’s PDVSA begins making delayed bond interest payments

Venezuela’s PDVSA begins making delayed bond interest payments

Published 15/12/2017

FILE PHOTO: A man walks past the corporate logo of the state oil company PDVSA at a gas station in Caracas, Venezuela December 1, 2017. [more…]

Oil prices edge up on North Sea pipeline outage, falling stocks

Oil prices edge up on North Sea pipeline outage, falling stocks

Published 15/12/2017

FILE PHOTO - A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File PhotoSINGAPORE/LONDON (Reuters) - Oil [more…]

BMW to build Czech test track for self-driving cars

BMW to build Czech test track for self-driving cars

Published 15/12/2017

A BMW 740i is parked via a remote control key fob by company representative Paul Daman during a demonstration of various brands of self-driving cars [more…]

France’s Macron says external powers must stop interfering in Lebanon

France’s Macron says external powers must stop interfering in Lebanon

Published 08/12/2017

French President Emmanuel Macron speaks during a news conference in Doha, Qatar December 7, 2017. REUTERS/Naseem ZeitoonPARIS (Reuters) - French President Emmanuel Macron called on [more…]

Oil stable as strong Chinese demand counters rising dollar

Oil stable as strong Chinese demand counters rising dollar

Published 08/12/2017

FILE PHOTO - A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy NicholsonSINGAPORE (Reuters) - Oil prices were stable on [more…]

Oil prices fall after U.S. drillers add rigs

Oil prices fall after U.S. drillers add rigs

Published 04/12/2017

A driver looks at the price as he fills the tank of his car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly [more…]

Venezuela Maduro gains control over oil contracts amid purge

Venezuela Maduro gains control over oil contracts amid purge

Published 04/12/2017

Venezuela's President Nicolas Maduro speaks during an event with supporters in Caracas, Venezuela December 1, 2017. Miraflores Palace/Handout via REUTERSCARACAS (Reuters) - Venezuela’s President Nicolas [more…]

Enter the ‘petro’: Venezuela to launch oil-backed cryptocurrency

Enter the ‘petro’: Venezuela to launch oil-backed cryptocurrency

Published 03/12/2017

Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy. [more…]