Why is Saudi Arabia spending a king’s ransom on sports? The Middle East powerhouse doesn’t care if you call it sportswashing.
A report released Monday by data platform Global SWF showed sovereign wealth spending in 2023 dropped 20% from the previous year.
OPEC+ now controls just 51% of the global oil market, good for the smallest share since the group’s creation in 2016.
Crude oil prices jumped to $89 a barrel as Hamas’s attack on Israel drove concerns of wider conflict across the oil-rich Middle East.
Energy prices are spiraling higher – what could it mean for 2024?