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Soaring Cost of Diesel Ripples Through the Global Economy

Farmers are spending more to keep tractors and combines running. Shipping and trucking companies are passing higher costs to retailers, which are beginning to pass them on to shoppers. And […]




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Why Are Oil Prices So High and Will They Stay That Way?

HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence.Crude prices rose more than 15 percent in January alone, with […]




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OPEC Faces Omicron Uncertainty and Rebellious Customers

One thing is for certain when officials from OPEC, Russia and other oil-producing countries meet by teleconference on Thursday to decide how much oil to produce in January.They will want […]




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Key takeaways from the SOSV Climate Tech Summit

Two weeks ago, 50 iconic founders and investors shared their insights on how the world can tackle the planetary “Code Red” with over 2,000 participants at the inaugural SOSV Climate […]




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US government bans sale of hacking tools to China and Russia

The U.S. Department of Commerce has announced that it will ban the export of hacking tools to authoritarian governments in an effort to curb violations of human rights and other […]




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As Western Oil Giants Cut Production, State-Owned Companies Step Up

Kuwait announced last month that it planned to invest more than $6 billion in exploration over the next five years to increase production to four million barrels a day, from […]




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Driven by live streams, consumer spending in social apps to hit $17.2B in 2025

The live streaming boom is driving a significant uptick in the creator economy, as a new forecast estimates consumers will spend $6.78 billion in social apps in 2021. That figure […]




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Oil Nations Again Fail to Reach Deal as U.A.E. Demands Higher Quota

OPEC, Russia and other major oil producers failed to reach an agreement on proposed production increases on Monday — a third straight day of scheduled meetings without a deal.The main […]




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Apple’s new encrypted browsing feature won’t be available in China, Saudi Arabia and more: report

Apple announced a handful of privacy-focused updates at its annual software developer conference on Monday. One called Private Relay particularly piques the interest of Chinese users living under the country’s […]