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US Equity Indexes Decline, Crude Oil Rises in Midday Trading
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit...
Oman-Iran plan blocks US, Israeli ships as Hormuz risks rise
Some details of the Oman and Iran plan to manage the Strait of Hormuz revealed that ships belonging ...
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move m...
ADNOC Warns Gulf Oil Disruptions Could Last Until 2027
It still seems that oil markets are believing their own theories more than hard-hitting warnings from Arab national oil companies. Even with all signs on red, optimism still shows oil prices as depres ...
Oil Prices Rise As Iran Draws Red Line on Uranium
Oil prices rose on Thursday as fresh signs of trouble in Iran peace talks as the parties hit a wall over enriched uranium. WTI crude climbed 2.2% to $100.40 while Brent gained 1.8% to $106.90 as repor ...
U.S. Awards $2 Billion to Nine Quantum Computing Companies
IBM and small-cap quantum names, including IonQ, D-Wave Quantum, Rigetti Computing, Infleqtion, and other peers, are surging in New York premarket trading after a Wall Street Journal report said the T ...
UK Fuel Crunch Forces Starmer to Face Difficult Policy Choices
Sir Keir Starmer has spelt out a number of policies to address fuel shortages, signalling the government’s fears that the Iran war could hit motorists and households. During Prime Minister’s Question ...
China Boosts Oil Stockpiles Despite Import Plunge
China appears to continue sending crude into strategic and commercial reserves despite the plunge in its imports and the world’s biggest-ever supply shock. China likely sent 430,000 barrels per day (b ...
America’s Abandoned Oil Wells Could Power the Next Geothermal Boom
As the United States continues to explore its vast geothermal potential, researchers are exploring the possibility of using abandoned oil wells to produce clean energy. A growing body of literature is ...
Saudi Oil Export Income Jumped to 3.5-Year High in March as Prices Soared
Despite the lowest production and export volumes on record, Saudi Arabia saw the value of its oil exports surge by 37.4% in March to the highest level in three and a half years, data from Saudi Arabia ...
China Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on Edge
in the latest hike of the maximum retail prices for domestic fuel since the Iran war led to surging oil prices. China will now increase the maximum retail price of gasoline by $11.03 (75 Chinese yuan) ...
Japan’s Crude Imports from Middle East Slump to Lowest on Record
Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the de facto closure of the Strait of Hormuz choked supply from the region ...
China's Solar Exports Soar as World Grapples with Energy Crisis
Despite the end of China's export tax refunds on April 1, exports of Chinese solar cells and panels continued to surge in April as demand for solar installations in Africa, Southeast Asia, and Europe ...
U.S. Energy Storage Installations Post Record First Quarter
Despite unfavorable federal policies, the U.S. energy storage additions jumped by 31% from a year earlier to 9.7 gigawatt-hours (GWh) in the first quarter of 2026, the strongest first quarter in histo ...
Traders Expect Oil Prices to Remain Above $81 for the Next 12 Months
Oil prices are set to average between $81 and $100 per barrel over the next 12 months as demand destruction will help balance a market that continues to price in a lasting war risk premium, a Bloomber ...