Venezuela's oil output could rise by at least 400,000 barrels per day (bpd) if the United States authorizes requests by state-run PDVSA's partners to trade Venezuelan crude, the country's petroleum chamber said on Friday.
Russian sovereign defaults evoke nervy times on Wall Street.
U.S. consumer sentiment fell more than expected in early March as gasoline prices surged to a record high in the aftermath of Russia's war against Ukraine, boosting one-year inflation expectations to the highest level since 1981.
The European Central Bank is working on a financial facility to let millions of Ukrainian refugees convert their savings into hard currency, to help them make a new start in Europe as they flee war at home, three sources with direct knowledge said.
Global financial conditions have reached their tightest since May 2009, according to a widely watched Goldman Sachs index, a possible sign of a world economic slowdown.
Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters.
The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to tame a dramatic surge in inflation that has been intensified by Russia's invasion of Ukraine.
U.S. stock index futures jumped on Friday after Russian President Vladimir Putin said there were "certain positive shifts" in talks with Ukraine, lifting mood at the end of a roller-coaster week marked by concerns about geopolitical tensions and surging oil prices.
Wall Street's main indexes were set for a higher open on Friday after Russian President Vladimir Putin said there were "certain positive shifts" in talks with Ukraine, at the end of a week roiled by geopolitical tensions and inflation angst.
The S&P 500 struggled for direction on Friday at the end of a week roiled by geopolitical tensions and inflation angst, with shares of Meta Platforms slipping after Russia opened a criminal case against the Facebook parent.
Major U.S. stock indexes stumbled on Friday as tech and growth shares led a broad decline and investors worried about the conflict in Ukraine while attention turned to the Federal Reserve's policy meeting next week.
Gold eased on Friday, consolidating at the end of a volatile week as investors sized up potential rate hikes from the U.S.
Gold retreated on Friday as investors focused on the likelihood that U.S.
Gold retreated on Friday as Russian President Vladimir Putin's comments on making some progress in talks with Ukraine eased demand for the safe-haven asset that was further pressured by the likelihood that the U.S.
Blazing heat radiated from the wood-fired oven of the Bethel Brothers Bakery in Ghana's capital Accra, as a dozen men hastily shaped dough into hundreds of rolls that would be scattered through the city the following morning.
While the rest of Europe grapples with surging prices, in Switzerland inflation is so tame that some key costs are actually falling.
Britain's economy rebounded much more than expected in January from its coronavirus-related lull in late 2021, according to data on Friday that, along with soaring inflation, raises the likelihood of an interest rate hike next week.
Britain's economy rebounded much more than expected in January from its coronavirus-related lull in late 2021, according to data on Friday, raising - along with soaring inflation - the likelihood of an interest rate hike next week.
The European Central Bank's decision to keep on tightening despite fear of war and stagflation has been criticised as either bluff or error - but may just reflect a deliberate shift in Europe's economic policy mix.
Chinese Premier Li Keqiang said on Friday he is confident of hitting this year's economic growth target, despite headwinds including the war in Ukraine, pledging to provide more policy support during a politically sensitive year.
World shares slid on Friday, pressured by uncertainty about the conflict in Ukraine and expectations the Federal Reserve will hike U.S. interest rates next week.
World shares slid on Friday, pressured by uncertainty about the conflict in Ukraine and expectations the Federal Reserve will hike U.S. interest rates next week.
Oil prices rose Friday but still on track for a weekly decline as traders weighed headlines around Russia and Iran suggesting more possible supply disruptions, versus those promising remedies in a tight market.
The dollar rose on Friday, notching a five-year high against the safe-haven yen, while commodity-linked currencies slumped after Russian President Vladimir Putin said there had been some progress in talks between Moscow and Ukraine.
Japanese household spending rose for the first time in six months in January on a year-on-year basis, largely because of weakness in the prior year, even as the fast spread of the COVID-19 Omicron variant likely weighed on consumption later in the month.
The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.
The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify as prices soar across the board, from fuel to food.
Fallout from Russia's invasion of Ukraine may be setting the stage for more gains in the dollar, upending investor expectations for a weaker greenback as geopolitical uncertainty and worries over European growth raise the U.S.
In the scramble by some bankers and financial industry executives to leave Moscow, Dubai is turning out to be a favorite location to land.
Early White House efforts to boost U.S. liquefied natural gas exports and cut Europe's reliance on gas from Russia after its invasion of Ukraine are proceeding slowly, because of concerns about climate change impacts, government and industry sources said.
