The Financial Times (FT), citing its own sources, reports that the largest independent oil trader in the world, Vitol, has reported a $15 billion net profit for 2022. This amount is a record for the business and is equal to its cumulative profit over the preceding six years. The business earlier...

According to a press statement from Saudi Aramco, the country's national oil and gas company, the deal of purchasing a 10% stake in the Chinese Rongsheng Petrochemical will cost $3.6 billion and will see Saudi Aramco greatly increase its presence in the local petroleum products. According to the...

Chinese automakers are stepping in to fill the gap left by the departure of Western automakers, which is forcing Russians to get over their reluctance to support Chinese brands and put up with higher prices.   According to data from the analytical agency Autostat and the consulting firm PPK,...

With plans to exploit its extensive retail network, reduce costs, and capitalize on nationalist sentiment, Indian industrial juggernaut Reliance is reviving a legendary regional cola brand in an effort to compete with PepsiCo and Coca-Cola in a crucial market.   Reliance, a company owned by...

Airbus and Boeing are under increasing pressure to build jetliner factories in India after the nation's civil aviation minister told Reuters that the "time has come" to meet its surging demand with aircraft built there.   As India's rapidly expanding aerospace industry reaches a "inflection...

China has issued a strong warning that it will resist TikTok's forced sale to the United States and its separation from Chinese parent company ByteDance. Shu Jueting, a spokesperson for the Chinese Ministry of Commerce, said Beijing will vehemently reject the forced sale of the US TikTok business...

Investigators from the European Commission's antitrust division conducted inspections at Red Bull's European locations. According to AFP, which cited officials, the business was suspected of breaking EU antitrust laws by abusing its market dominance. Representatives of the European Commission...

The energy company Edesur, which is owned by the Italian Enel, will now temporarily be under the authority of the Argentine government. According to reports, the government's decision was motivated by frequent and severe disruptions in Buenos Aires, the nation's capital, and the area around it....

Electric vehicle charger producers and operators in the US are preparing for a slowdown in deployment as they struggle to meet the "Made in America" requirements of a $7.5 billion federal program intended to accelerate the industry.   President Joe Biden's initiative to build an...