Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil prices hit 7-year highs as tight supply bites

LONDON (Reuters) – Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight…

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Pre-pandemic global employment levels not expected until 2023 – OECD

The world’s employment levels will not return to pre-COVID-19 levels until at least 2023, the Organisation for Co-operation and Economic Development (OECD) said on Wednesday (July 7) as it unveiled…

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A nurse prepares a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine at a vaccination center in Tlaquepaque, Mexico, on March 8, 2021. (Photo by ULISES RUIZ / AFP)

Vaccines, US stimulus boost global GDP forecast: OECD

The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation…

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Thai economy expected to contract in 2020, but will recover next year

The Organization for Economic Co-operation and Development, or OECD, has published its assessment of the Thai economy, saying that the pandemic has interrupted Thailand’s socioeconomic progress. In its recent 163-page…

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