The credit rating agency Fitch Ratings has lowered the long-term debt solvency rating of the United States one notch, which now stands at 'AA+' from 'AAA' with a stable outlook, as a reflection of the expected fiscal deterioration over the next few three years and the high and growing debt burden of…
Read More...

US oil reserves fall about 17 million barrels

The US Energy Information Agency (EIA) revealed that commercial oil reserves in the United States suffered a spectacular drop of 17 million barrels during the week ending July 28. This reduction is much greater than what the market expected…

Fake cryptocurrency scams hit Threads

Cybercriminals have taken advantage of the launch of Threads, Meta's new social network, to distribute malicious campaigns encouraging victims to buy fake cryptocurrencies, as well as invest large amounts of money to get thousands of…

Oil giants suffer drop in profits in 2023

Oil and gas multinationals experience a significant decline in their profits during the first half of the year, as a result of the fall in fuel prices, after an exceptional 2022. However, these companies continue to be profitable. On…

UK to issue new North Sea oil and gas licenses

UK Prime Minister Rishi Sunak announced Monday that hundreds of new North Sea oil and gas licenses will be issued, in addition to a carbon capture program that will create new jobs. Sunak stressed that with the granting of these licenses,…