Saudi Arabia informed OPEC about the increase in oil production by more than 1 million barrels per day
This growth reflects the resumption of production by the Persian Gulf countries during a short ceasefire in the war with Iran.
Solar eclipse to impact Europe’s energy system: Britain to pay households for saving electricity
Britain offers free electricity to households reducing consumption during the solar eclipse on August 12.
Jellyfish shut down three reactors at French nuclear power plant
On Monday, three reactors were taken out of service, and the power of a fourth was reduced by half.
US oil reserve falls below 300 million barrels for the first time in 43 years
This comes amid pressure on global reserves caused by the war with Iran.
Russian tanker convoy travels record distance north in the Arctic
Russia sent a record-breaking convoy of oil tankers to 81.5° north latitude in the Arctic.
Myth about the ‘lazy generation’: Gen Z in Germany record active in the labor market
20–24-year-old residents of Germany show the highest level of economic activity in decades, refuting prejudices about Generation Z.
The White House tries to convince Americans that the weak economy is experiencing a ‘boom’
The White House attempts to present weak economic indicators positively despite job losses and economic concerns.
Trump changed his approach to Iran — oil flows through the Strait of Hormuz are again under threat
president this weekend made it clear that he is ready to allow increased economic pressure on Iran instead of launching new military strikes.
Iranian oil exports halted amid renewed US blockade
The US resumed the maritime blockade of Iranian ports in mid-July after a temporary agreement to restore shipping through the Strait of Hormuz collapsed.
US economy unexpectedly lost 23,000 jobs in July, unemployment fell to 4.1%
The US Bureau of Labor Statistics reported this on Friday, releasing a report indicating a slowdown in the labor market.