Bloomberg Oil set its biggest weekly gain in more than three months as the worst fears over the new virus strain have receded. West Texas Intermediate futures climbed 8.2% this week. Fuel consumption so far escaped any major blows from the omicron variant. Yet confidence is limited. Rallies are still punctuated by selloffs after rising infection rates prompted some governments ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to the Emir of Kuwait His Highness Nawaf Al Ahmad Al Jaber Al Sabah, on the death of Sheikh Duaij Khalifah Al Abdullah Al Khalifah Al Sabah. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

Bloomberg The Group of Seven (G-7) finance ministers will convene virtually on Monday to discuss the recent surge in inflation, according to people with knowledge of the matter. The talks will come against the backdrop of supply-chain snarls that have hampered the world economy, and ministers will also discuss healthcare, according to the people, who spoke on condition of anonymity. ...