Economy

Foreign oil majors win exploration licenses in Libya

Libya’s National Oil Corporation says it has granted exploration licenses to international energy firms, including Chevron and Eni

EU prices killing competitiveness

EU industry associations have urged Brussels to cut energy prices and carbon costs to protect the bloc’s competitiveness

Russia has no information on India halting oil purchases

India has not confirmed US claims that it will stop buying Russian crude

Eastern Economic Forum to be held on September 1-4

It has become the main platform for coordinating the region's development and attracting investment, Executive Secretary of the EEF Organizing Committee Anton Kobyakov said

Russian energy cut key to EU economic woes

French President Emmanuel Macron has said the EU is in “emergency mode” due to soaring energy costs after losing Russian supply

American auto giant reports record losses

US automaker Ford posted an $8.2 billion net loss for 2025, citing electric vehicle struggles, tariffs, and supply-chain disruptions