In recent developments, China has become a focal point for international diplomacy, particularly with Russian President Vladimir Putin set to visit Beijing for discussions with Chinese President Xi Jinping.
Ahead of a G7 meeting in Paris, Eurogroup President Kyriakos Pierrakakis emphasized the vulnerability of the global economy to external shocks, particularly due to the ongoing conflict in the Middle East.
Global oil inventories are declining rapidly due to significant supply disruptions in the Middle East, particularly if the Strait of Hormuz remains closed.
The United Arab Emirates (UAE) has announced its departure from OPEC and OPEC+, a decision attributed to its economic vision rather than political motivations, according to Energy Minister Suhail Mohamed Al Mazrouei.
Exxon Mobil's shares have recently rallied, resulting in a dividend yield of 2.7%, the lowest since 2014, and only slightly higher than the yield offered by Match Group.