A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

$25 trillion investment needed to meet future oil demand

The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the ... Read More

Gold Falls With Yen as Haven-Asset Flight Eases: Markets Wrap

Asian emerging-market currencies rise on dollar weakness Yen retreats as the currency ends seven days of strength The flight to haven assets eased following the biggest drop in the ... Read More
Derricks at Yuganskneftegaz oil processing facility at Mamontovskoye oilfield outside the Siberian ...

Oil Rises as Canadian Fires Spread, Saudi Oil Minister Replaced

Canada wildfires cut oil-sands production by about 40%: IHS Ali al-Naimi succeeded by Al-Falih, head of state oil company Crude rose as expanding wildfires in Canada knocked out about 1 ... Read More
google logo

Speaking at Davos, Google’s executive chairman Eric Schmidt says the Internet will vanish

Speaking at Davos, Google’s executive chairman explains that we’ll all be experiencing our digital connections as a seamless part of our everyday world. Digitally speaking, we’re not even plodding ... Read More

Bitcoin finds a place among the world’s elite

More famous for being a renegade alternative to a world currency, bitcoin has managed to find a more prominent role among the global elite at the World Economic Forum ... Read More
World economic forum

Davos: Bosses ‘less optimistic’ about global economy

Chief executives are less optimistic about the economy this year than last, a survey unveiled at the World Economic Forum suggests. PwC‘s annual survey shows that just 37% think ... Read More
Broker Cyprus TopFX