The labor market has shifted into a higher gear, powering through an energy shock and immigration restrictions to pull more people into work even as consumers sour on an economy that is straining their wallets. The vigorous pace of hiring over the past few months is a reversal from the stagnation of 2025, a year…
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Global oil reserves plunged at a record pace in April, as the conflict in the Middle East strains supplies and raises the risk of a further sharp jump in prices ahead of the summer travel season….
The United Arab Emirates dealt a major blow to some of the world’s biggest oil producers on Tuesday when it announced that it was leaving the OPEC oil cartel that has for decades sought to control global prices and fuel supplies. A coalition of around a dozen oil exporters, OPEC has steered prices by setting…
