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Oil prices drop amid over growing concerns of supply surplus
The Island
|October 21, 2025
Oil prices declined on Monday (20) under pressure from fears of a global supply surplus, while escalating trade tensions between the United States and China increased concerns about economic slowdown and weak energy demand, Iraqi news agency Sada reported yesterday (20) Brent crude futures dropped approximately 0.3%, reaching $61.09 per barrel, while West Texas Intermediate (WTI) futures fell 0.3%, settling at $57.35, erasing the gains recorded on Friday.
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Both benchmark crudes recorded a decline of more than 2% last week, marking the third consecutive weekly drop, which is partly attributed to the International Energy Agency's forecasts of increased supply surplus by 2026.
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FLERE HISTORIER FRA The Island
The Island
Beating jetlag
Long-distance air travel often brings with it the unwelcome companion of jetlag, that groggy state when the body clock refuses to adjust to a new time zone. It is the result of a mismatch between your internal rhythm and the external environment. While some travellers shrug it off in a day or two, others find it spoils the first part of their trip. Overcoming jetlag requires a bit of planning, awareness, and patience with your body’s natural limits.
2 mins
October 22, 2025
The Island
Transitioning from ‘counting tourists’ to ‘creating equitable value’ in the tourism industry
\"'When we celebrate tourism growth, we must ask - who benefits?, asked Miguel Cunat, founder of the Pekoe Trail Organisation, addressing an international forum on Geographical Indications (GIs) and sustainability recently. \"Are we creating equitable value, or are we just counting tourists?
1 min
October 22, 2025
The Island
Port City Colombo named ‘Best Knowledge Zone – Asia Pacific Region’
Port City Colombo has been named the 'Best Knowledge Zone - Asia Pacific Region' and received a 'Highly Commended' citation for Sustainable Zones in the prestigious Global Free Zones of the Year 2025 rankings by fDi Intelligence, an imprint of the Financial Times (UK).
1 min
October 22, 2025
The Island
ICTA claims technical bugs that disrupted Lanka Government Cloud services fully resolved
The Information Communication Technology Agency of Sri Lanka (ICTA) has announced that the technical issues which caused the recent disruption to the Lanka Government Cloud (LGC) services have been fully resolved.
1 mins
October 22, 2025
The Island
Sri Lanka – Greater Mekong Business Council holds 14th AGM
The 14th Annual General Meeting (AGM) of the Sri Lanka - Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce was held recently, at the Hilton Colombo Residence.
1 min
October 22, 2025
The Island
Colombo Terminal with Adani funding Lanka's largest FDI contributor for first 9 months of 2025
The CWIT is an investment from Adani International Port Holdings Pte Ltd (India) and John Keells Holdings PLC in partnership with the Sri Lanka Ports Authority.
1 mins
October 22, 2025
The Island
Janashakthi Finance expands footprint in Eastern region with new branch opening in Kalmunai
Janashakthi Finance PLC, formerly known as Orient Finance PLC and a subsidiary of JXG (Janashakthi Group), announces the grand opening of its newest branch in Kalmunai, marking a significant milestone in the company's strategic expansion into the Eastern region of Sri Lanka.
1 min
October 22, 2025
The Island
Accountability issues: Some conveniently forgotten facts
I llankai Thamil Arasu Kadchi (ITAK) recently commemorated the death of Sahayaseeli Pedhuruppillai, alias Maalathy, the first woman cadre killed fighting for the macabre Eelam cause.
12 mins
October 22, 2025
The Island
Teaching Sri Lanka's 2009 UNHRC Geneva Win: The Barcelona Lecture
With the discussion on Sri Lanka and the UNHRC resurfacing this year, the singularity of Geneva 2009 and Sri Lanka's decisive victory has been noted in Parliament by the Leader of the Opposition.
8 mins
October 22, 2025
The Island
Reshuffle of Ministry portfolios from 17 Oct.
A gazette notification has been published revising the subjects and functions of several ministries from October 17.
1 min
October 22, 2025
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