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John Benny


Articles

Counters on the New York Stock Exchange. Washington is threatening to impose more duties on EU imports if the bloc retaliates against tariffs announced recently. EPA
Oil and Asian stocks recoup some losses after tariff-fuelled slump this week

S&P 500 has entered correction territory as threat of global trade war escalates, analysts say

MarketsMarch 14, 2025
John Benny
Canada, the top supplier of iron, steel and aluminium to the US last year, and the EU have each announced billions of dollars in retaliatory tariffs. EPA
Trump’s metal tariffs to raise costs for US companies

But American steel and aluminium firms could see short-term gains as tariffs make products more competitive, report says

EconomyMarch 14, 2025
John Benny
Positive Zero is a one-stop shop for clean energy services and operates through three key businesses. Photo: Positive Zero
ExclusiveBlackRock-backed Positive Zero is considering an IPO, says chief

Dubai-based decarbonisation company secured 43 new solar projects across the Gulf region last year

EnergyMarch 12, 2025
John Benny
Aramex testing drone and roadside bot deliveries in Dubai. ADQ is set to acquire a 58 per cent majority stake in Aramex. Photo: Aramex
Abu Dhabi’s ADQ to become majority shareholder in Aramex

ADQ will hold a 58 per cent majority stake in the Middle East’s largest courier company

EconomyMarch 11, 2025
John Benny
High-voltage electrical transmission towers in Kirkuk, northern Iraq. AFP
US ends sanctions waiver for Iraq's energy imports from Iran

Washington will not 'allow Iran any degree of economic or financial relief'

MENAMarch 09, 2025
John Benny
US President Donald Trump's tariff policy has sparked volatility in oil markets worldwide. AP
Oil posts worst weekly loss since October on US tariffs and supply glut

Brent, the benchmark for about two thirds of the world oil, has lost about 5 per cent of its value since last Friday

EnergyMarch 07, 2025
John Benny
China, locked in a retaliatory tariff dispute with the US since last month, set its GDP growth target for this year at about 5 per cent. EPA
Oil prices and stocks gain as US tariff exemption eases trade war fears

Tariffs, rising supply and higher US crude stocks have weighed on oil futures this week

EnergyMarch 06, 2025
John Benny
Containers at the port in Ensenada, Baja California state in Mexico. Trade tariffs imposed by the US on Mexico and Canada are expected to hit economic growth. AFP
Oil extends losses on new US tariffs and Opec+ supply boost

Producers' group will proceed with a 'gradual and flexible' unwinding of voluntary production cuts of 2.2 million barrels per day

EnergyMarch 05, 2025
John Benny
Opec is currently holding back 5.86 million bpd from the market. EPA
Opec+ supply boost to fuel oil market glut

Oil prices fell nearly 2 per cent on Tuesday after producers' group decided to ease supply cuts from April

EnergyMarch 04, 2025
John Benny
Aramco will distribute $21.36 billion in dividends for the fourth quarter. AP
Aramco expects lower dividends in 2025

Company to distribute $85bn in dividends this year compared with $124bn last year

EnergyMarch 04, 2025
John Benny
An oil refinery in central Iraq. In March 2023, Turkey suspended the flow of about 450,000 barrels of Iraqi oil daily through the Ceyhan pipeline. AFP
Iraq invites oil firms for Kurdistan crude export resumption talks

Purpose of the meeting on March 4 is to discuss issues related to existing contracts, oil ministry says

EnergyMarch 01, 2025
John Benny
Oil exports from the Iraqi Kurdish region through Turkey have been halted since March 2023. Reuters
Iraq to announce Kurdish oil export resumption

Iraq will export 185,000 barrels per day through state-run oil marketing firm SOMO

EnergyFebruary 28, 2025
John Benny
Donald Trump said tariffs on Mexican and Canadian goods will go ahead unless the flow of drugs into the US is stopped or significantly reduced. Reuters
Oil posts first monthly decline since November

US President Donald Trump says 25 per cent tariffs on Mexican and Canadian goods will go into effect on March 4

EnergyFebruary 28, 2025
John Benny
Fuel prices increased in February. Razan Alzayani / The National
UAE petrol and diesel prices to drop in March

Motorists will pay less at the pump next month

EnergyFebruary 28, 2025
John Benny
A lithium plant in Brazil. Could the Gulf emerge as a potential investor in Ukraine's critical mineral assets? AFP
Gulf could play pivotal role in US critical minerals strategy to counter China

Middle East countries, with ample capital, can drive US 'friendshoring' and diversification efforts, but experts say Donald Trump's plan for Gaza could complicate ties

EnergyFebruary 28, 2025
John Benny
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