Washington: The US Department of Energy announced that it had loaned 8.48 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to four companies. This move is part of a second round of releases intended to mitigate fuel prices amid …

Washington: The US budget deficit was little changed in the first quarter of 2026, as stronger revenues, including income taxes and tariffs, helped offset higher government spending.

According to Qatar News Agency, data from the US Department of th…

Tokyo: Qatar National Bank (QNB) expects the Bank of Japan (BOJ) to embark on a sustained monetary tightening cycle, marking a decisive shift away from decades of ultra-loose policy shaped by deflationary pressures.

According to Qatar News Agency, Q…

Doha: Libya has approved its first unified state budget in more than 13 years, the Central Bank of Libya said on Saturday.

According to Qatar News Agency, the approval by the House of Representatives and the High Council of State is expected to stre…

Kuwait city: The price of Kuwaiti crude oil experienced a decrease of $1.41, settling at $101.03 per barrel during Friday’s trading, a decline from the previous session’s price of $102.44 per barrel.

According to Qatar News Agency, the global oil ma…

Doha: The economy of the Gulf Cooperation Council (GCC) member states grew in the third quarter of 2025, reflecting its sustained ability to balance the role of the oil sector while enhancing the contribution of non-oil activities to gross domestic pr…