IEA: Oil market tighter than it seems despite forecast surplus
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising ref...
As Washington prepares to impose new tariffs, Japan has voiced concern over global trade tensions, urging stronger support for multilateral economic systems during ASEAN talks in Kuala Lumpur.
Japan on Thursday called for a “free, fair and open” international economic order after U.S. President Donald Trump announced plans to impose 25% tariffs on Japanese imports.
Speaking during a meeting with foreign ministers from the Association of Southeast Asian Nations (ASEAN) in Kuala Lumpur, Japanese Foreign Minister Takeshi Iwaya reaffirmed Tokyo’s commitment to deepening cooperation with the regional bloc.
Highlighting ASEAN’s growing role in the global economy, Iwaya said the group is “at the center of global growth” and key to regional peace and prosperity.
In response to the planned U.S. tariffs, Iwaya stressed the importance of preserving and strengthening the multilateral trading system, particularly with the World Trade Organization (WTO) at its core.
President Trump announced on Monday that the U.S. will impose 25% tariffs on imports from Japan, South Korea, and Malaysia starting August 1.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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