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How Friday’s Jobs Report Could Push Treasury Yields Lower
Treasury yields have given back some of their recent summer surge. What happens next will likely de...
Czech Koruna: Sideways against Euro as CNB holds rates – Commerzbank
Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep its policy rate at 3.75%, fr...
ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease
ADNOC, the national oil company of Abu Dhabi, has cut the official selling price for July for its flagship Murban crude to $101.48 per barrel, down from $104.44 a barrel for June, amid weakening inter ...
China to Increase Fuel Export Allowances for July
China is raising the volume of fuels it is allowing state refiners to export, in a move that would alleviate concerns about tight refined petroleum supplies in Asia. China’s authorities this week met ...
Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices
President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into pri ...
Trade Is Slowly Opening One of the World's Most Isolated Nations
Azerbaijan is working hard to coax Turkmenistan out of its shell and integrate Ashgabat into trans-Caspian trade routes. Azerbaijani leader Ilham Aliyev exchanged a variety of trade-related agreements ...
Canada Building West’s First Grid-Scale SMR
Construction has begun on the Western world’s first grid-scale Small Modular Reactor (SMR), though small is not what comes to mind, considering that the machine will fit on two soccer fields. Accordin ...
U.S. Crude Inventories Post Another Major Draw
Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wedn ...
Euro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut Bets
The euro has sunk to a one-year low, with easing of tensions between the United States and Iran helping to cool oil prices and raise expectations that the European Central Bank will turn more dovish. ...
China’s Teapot Refineries Cut Operations to Their Lowest Level Since 2017
The independent refiners in China, the so-called teapots, have slashed their refinery run rates to the lowest level since 2017, as high feedstock prices, weak domestic fuel consumption, and restricted ...
Malaysian Major Makes Gas Discovery in Suriname
Malaysia’s state energy firm Petronas has made a natural gas discovery offshore Suriname, the country’s president said this week, as quoted by Reuters, expecting the Malaysian major to make the final ...
Trump Orders Gas Price Gouging Probe
President Trump has ordered an investigation into possible price gouging at fuel stations, an investigation he announced in a social media post. “The big Oil Companies are not dropping their price at ...
The AI Boom Is Set to Fast-Track China's Coming Nuclear Energy Dominance
The United States is still the largest producer of nuclear energy in the world – but probably not for long. Decades of political ambivalence have left the domestic nuclear sector in a state of neglect ...
US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels in the week ending June 19. In the week prior, US crude oil inventories fell by ...