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Exclusive-Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows By Reuters

Exclusive-Russia raises forecast for 2024 oil, gas export revenues by $17.4 billion, document shows By Reuters

By Darya Korsunskaya (Reuters) – Russia’s economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous estimate to $239.7…

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3 key areas where more public spending would get results

3 key areas where more public spending would get results

For the past 11 years the South African government has pursued a policy of austerity. In recent years, government has reduced per capita spending (adjusted for inflation) by significant amounts. Spending on public services, for…

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ECB’s Cipollone positive about September rate cut

ECB’s Cipollone positive about September rate cut

Data collected by the European Central Bank (ECB) is pointing towards a September rate cut, board member Piero Cipollone told Le Monde on September 4. Although he did not commit to a monetary policy path,…

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Oil steadies ahead of key US jobs report By Reuters

Oil steadies ahead of key US jobs report By Reuters

By Nicole Jao and Colleen Howe (Reuters) -Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed a big withdrawal from inventories and…

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US food insecurity rate rose to 13.5% in 2023 as government benefits declined and food prices soared

US food insecurity rate rose to 13.5% in 2023 as government benefits declined and food prices soared

CC BY-ND The official U.S. food insecurity rate rose to 13.5% in 2023 from 12.8% in 2022, according to data the U.S. Department of Agriculture released on Sept. 4, 2024. That means more than 1…

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Witness 1.8 billion years of tectonic plates dance across Earth’s surface in a new animation

Witness 1.8 billion years of tectonic plates dance across Earth’s surface in a new animation

Using information from inside the rocks on Earth’s surface, we have reconstructed the plate tectonics of the planet over the last 1.8 billion years. It is the first time Earth’s geological record has been used…

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Oil prices slip despite OPEC+ delaying planned output hikes By Investing.com

Oil prices slip despite OPEC+ delaying planned output hikes By Investing.com

Investing.com — Oil prices reversed gains Thursday, shrugging off a much larger decline in weekly crude stocks and OPEC+ delaying plans to ramp up output by two months. At 14:02 p.m. EST (1802 GMT), Nymex…

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The Future of the International Financial Architecture

The Future of the International Financial Architecture

FSB Secretary General, John Schindler, spoke about tokenisation, artificial intelligence and non-bank financial intermediation during a session on Digital Finance, AI and Financial Stability at the 2024 Global Economy and Financial Stability Conference, held…

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Oil and gas communities are a blind spot in America’s climate and economic policies

Oil and gas communities are a blind spot in America’s climate and economic policies

On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus,…

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scientists offer clues about what it is and where it came from

scientists offer clues about what it is and where it came from

On a Sunday morning in late August 2024 a nine-year-old girl named Eli-zé du Toit was sitting on her grandparents’ porch near a small town in South Africa’s Eastern Cape province, when she heard a…

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