It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Oil prices have been volatile lately, rising and now falling. This is due to world events, a stronger US dollar, summer driving demand, and concerns about high gasoline prices. China's stagnant economy has also slowed demand, while India remains a potential growth market for oil. Despite industry efforts, the transition to clean energy is ongoing and posing challenges for oil producers. Still, fossil fuels are expected to remain important for the next decade, with renewable energy sectors showing both promise and concerns.
Aramco's 2023 earnings of $121.3 billion, though lower than 2022's record, mark its second-best year due to a strong oil market. Despite reduced costs in refining and chemical production, the company raised its dividend payout. Aramco plans to increase gas production while maintaining its oil output at 12 million barrels per day, anticipating a robust oil market despite economic challenges.
