Saudi Arabia’s Explanation for Oil Capacity U-Turn
In Dhahran, Saudi Arabia, on February 12th, the Kingdom’s Energy Minister attributed the shift in Saudi Arabia’s oil capacity expansion plans to the ongoing energy transition. Prince Abdulaziz bin Salman…
Opec+ Set to Assess Continuation of Oil Production Cuts in March, Maintains Current Output Policy
On February 1, sources from Opec+ revealed plans to evaluate the continuation of voluntary oil production reductions in March. These cuts, amounting to approximately 2.2 million barrels per day (bpd)…
Global Factory Activity Shows Mixed Results in January
The beginning of 2024 saw a varied performance across global manufacturing sectors, highlighted by the latest surveys released on February 1. Weak demand from China impacted Asia’s economic stability, while…
IMF Anticipates Global ‘Soft Landing’ on Horizon, Revises Upward 2024 Economic Growth Forecast
On Tuesday, the International Monetary Fund (IMF) slightly raised its global economic growth forecast, enhancing the projections for the United States and China, the globe’s primary economic powerhouses. This revision…
Sony Ventures allocates $10 million for investments in Series B rounds of African entertainment startups.
Sony Group has unveiled the creation of the Sony Innovation Fund: Africa (SIF: AF), a program designed to bolster the growth of entertainment ventures in Africa. The Tokyo-based multinational conglomerate,…