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Update: US Equity Indexes Rise as Fed Pause Odds Jump Amid Surprise Drop in Nonfarm Payrolls
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first par...
US Dollar Weekly Forecast: Sticky inflation, weaker jobs and hopes of peace
The geopolitical landscape has remained the almost exclusive driver of the sentiment surrounding the...
Is Iran Preparing to Permanently Block the Strait of Hormuz?
Conflicting signals from Washington and Tehran keep oil markets on edge as Iran weighs a permanent H...
Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens
Iran-linked carriers of liquefied petroleum gas (LPG) have made U-turns and traveled in zig-zagging patterns in recent hours as they face the U.S. naval blockade in the Gulf of Oman, after having clea ...
Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates
Oil prices were headed early on Friday for a 12% weekly gain, the biggest jump in one week since April, as the re-escalation in the Middle East and the abrupt halt to the recovery of Strait of Hormuz ...
The No.1 Commodity Story of the Year Is Flying Under Wall Street’s Radar
Cesium is an “obscure object of desire” in one of the world’s most tightly constrained critical mineral markets, where commercial production has historically come from only a handful of mines. The pus ...
India, South Africa To Boost Their Strategic Petroleum Reserves
Back in March, the 32-member countries of the International Energy Agency (IEA) agreed to a record release of 400 million barrels of oil and refined products from their emergency reserves after the Ir ...
Yemen's Houthis Threaten New Oil Shock as Civil War Reignites
Yemen's Houthi Rebels are threatening to make the global energy crisis worse at the same time that the nation's own energy security is in dire straits. After four years of an unofficial truce and prec ...
Could Somalia See The World's Next Major Oil Discovery?
As the Gulf (the world’s traditional energy centre) becomes riskier, the oil industry is searching for new hydrocarbon provinces. Much high-impact exploration is concentrated in Latin America and West ...
The Undisputed Global Oil Superpower
The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about energy: the United States remains the world’s largest oil producer ...
Asian LNG Spot Prices Jump 10% as Hormuz Crisis Reignites Supply Fears
Spot prices of liquefied natural gas in Asia have surged by 10% in the past week to the highest level since March, as the re-escalation in the Middle East and the fresh near-halt to shipping through t ...
Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters
State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut off cargoes from it ...
TotalEnergies Sees Stronger Q2 Profit as Refining and Oil Trading Surge
TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose an ...
India Hikes Diesel and Jet Fuel Export Tax
India has hiked the export duties it will be charging on exports of diesel and jet fuel for the two weeks starting July 16, as the return of the Hormuz crisis is set to further tighten fuel markets. T ...
IEA Warns World Has Just Weeks to Avoid Hormuz Economic Shock
The world has just a few weeks before taking an economic toll from the re-escalation in the Middle East and the new halt to tanker traffic through the Strait of Hormuz, according to Fatih Birol, the E ...