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Stock Market Today: Dow Rises Amid U.S.-Iran Peace Talks; SpaceX Stock Sells Off (Live Coverage)
Stock Market Today: The Dow Jones index wavered Monday amid U.S.-Iran peace talks. SpaceX stock dive...
Nasdaq tipped to rise after long weekend of Iran talks progress, hawkish Fed still looms
US futures were pointing higher at the start of the week as investors return from the Juneteenth hol...
Iran’s Oil Exports Through Hormuz Hit Wartime High
Iran isn’t wasting any time moving its oil out of the Gulf via the Strait of Hormuz after the U.S. l...
Kuwait Says Oil Output Won't Recover for 10-12 Weeks After Hormuz Reopens
Kuwait Petroleum Company expects it will take considerably longer to restore oil production than many traders appear to assume if the Strait of Hormuz reopens in the coming days. Speaking at the S&P G ...
South Korea Locks In Canadian Crude, LNG in Sweeping Supply Overhaul
South Korea will triple its crude imports from Canada this year and boost LNG purchases from Canadian export projects in the coming years as the Asian economy looks to diversify energy supply amid the ...
BlackRock-Backed Atlas Renewable Freezes $1 Billion in Brazil Solar Projects
High curtailment rates and the national grid operator frequently rejecting renewable power have prompted BlackRock-backed Atlas Renewable Energy, one of the biggest solar power producers in South Amer ...
Australian LNG Strike Begins to Disrupt Cargo Loadings at Ichthys
Industrial action at the Ichthys LNG project offshore Australia has started to affect loadings, with Reuters reporting that one tanker has been delayed as a result of the limited strike. The strike, l ...
Goldman Sachs CEO Warns Oil Shock Could Alter Consumer Behavior
Tightening crude oil supply will lead to consumer behavior changes in the second half of the year as the imbalance with demand pushes inflation higher, the chief executive of Goldman Sachs has warned. ...
Oil Prices Climb as U.S. Strikes Tanker and Downs Iranian Drones
Oil prices rose in early Asian trade on Wednesday after yet another escalation in the Middle East, with Iran firing missiles at Kuwait and Bahrain, and the U.S. firing on and disabling an oil tanker h ...
How Long Can Demand Destruction Keep a Lid on Oil Prices?
In a somewhat puzzling market development, oil prices haven't spiked yet to record highs amid the worst supply disruption in history. That's because the market still hopes for a quick resolution to th ...
Russia’s China Energy Lifeline Is Becoming a Noose
The recent summit meeting between Chinese President Xi Jinping and his Russian counterpart Vladimir Putin ending on 20 May raised more questions than answers for many observers, probably including Put ...
What Hormuz Is Teaching Traders About Utilities
Oil traders have spent months obsessing over tanker movements, shipping insurance costs and the fate of crude cargoes attempting to navigate the Strait of Hormuz. But now, some of that attention will ...
New Shareholder Elliott Pushes for Sale of Australia’s Top Gold Miner
Hedge fund Elliott Investment Management, which has built up a stake in Australia’s biggest gold miner, Northern Star Resources Ltd, is calling for a strategic review of the future value creation, inc ...
Gold Seesaws on Ceasefire Headlines as NFP, Rate Hike Fears Loom
Gold steadied and clawed back earlier losses Monday, trading up 1.08% to $4,525.34 per ounce as diplomatic signals out of the Middle East offered tentative relief, even as the broader picture remained ...
Iraq, UAE, Saudi Arabia All Set for Major Oil Output Surge in 2027
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year's shut-ins due to the Iran war and the closed Strait of ...