Nigel Farage to make statement on his ‘future in public life’

U.S. Trade Deficit Widens in May

U.S. Trade Deficit Widens in May

Russian Oil Flows Hit New High But Slumping Prices Crush Income

Russian Oil Flows Hit New High But Slumping Prices Crush Income Urals prices back where they were before US, Israel launched campaign against Iran Tumbling oil prices and unsold barrels pose a double headache for the Kremlin, even as Ukrainian drone strikes on Russia’s refineries drive crude shipments to new highs. Four-week average seaborne crude shipments rose to 4.22 million barrels a day in the period to July 5, according to tanker-movements data compiled by Bloomberg.

Dangote Says Kenya Refinery Will Cost as Much as $17 Billion

Aliko Dangote, president and chief executive officer of Dangote Group, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Thursday, April 16, 2026. The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is severally damaged.