The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department. A French energy giant has completed the sale of its stake in an Iraqi oil field. TotalEnergies sold its 18% interest in the …

An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved. Turkey’s energy import bill — standing at $83.5 billion over 12 months in July — is a major factor behind its gaping current account deficit. And with Russia being …

The overall Consumer Price Index rose 0.1 percent in August, core was up 0.6 percent; up 8.3 percent and 6.3 percent year-over-year, respectively. Overall, the picture shows inflation persisting in a wide variety of areas where it seems that supply chain issues are being overcome. This is not a good …