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United States Dollar Index holds gains near 100.00 due to renewed US-Iran tensions
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currenc...
S&P 500, Nasdaq, Dow Futures Slip After Trump Warns Iran Of Fresh Strikes Over Hormuz Standoff: INTC, MLTX, SNDK, KEEL In Focus
Iran argued that Washington had failed to uphold commitments to curb hostilities in Lebanon....
BoJ’s Himino: Delaying adjustment in monetary easing risks price overshoot
Bank of Japan (BoJ) Deputy Governor Himino said on Monday that delaying adjustment in monetary easin...
First Oil Sands Project in 10 Years Starts Production
The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petro ...
How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as the end of the worst of the Middle East crisis. The deal is actually just the beginning of long processes ...
Shipping Costs Soar as Hormuz Crisis Reshapes Global Trade
The Middle East war has upended global shipping, raising bunker fuel costs, altering trade routes, and forcing shippers and their container cargo customers to adapt to a new reality. Soaring costs of ...
Azerbaijan Moves Into Uzbekistan’s Fast-Growing Mining Sector
Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism. Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterp ...
High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia
The biggest state-owned refiners in China and India have failed to procure supertankers to load crude from the Persian Gulf later in June as tanker rates are too high and guarantees on safe passage th ...
The AI Spending Boom Is Creating a Depreciation Time Bomb
The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories. Google, Meta, Amazon, and Microsoft have all splurged to secure a podium spot in the race to build o ...
Who Would Take Iran’s Uranium?
As negotiations over Iran's nuclear program continue, the fate of Tehran's stockpile of highly enriched uranium remains one of the most difficult issues to resolve. Before US and Israeli air strikes o ...
Australia’s Renewable Project Pipeline Is Booming
Following government tenders for nearly 10 gigawatts of new renewable energy capacity, Australia’s pipeline of probable clean energy projects jumped by about 30% to as much as 32.3 GW in the biggest s ...
Argus: U.S-Iran Deal Won’t Lead to One-Way Traffic to Plunging Oil Prices
The uncertain pace of supply recovery in the Middle East and the continued rapid drawdowns of global inventories make the case that oil price volatility would drag on during the 60-day U.S.-Iran negot ...
India’s Energy Import Bill Jumps 82% Due to High Oil Prices
India’s imports of crude and LNG jumped in May from April, as arrivals of non-Middle Eastern cargoes accelerated, and the country's energy import bill soared by nearly 82% from a year earlier amid hig ...
More Than 60 Million Barrels of Oil Ready to Head to Asia as Hormuz Reopens
Crude cargo arrivals in Asia from the Middle East could accelerate in the coming weeks as more than 60 million barrels of oil stuck in the Persian Gulf prepare to exit the Strait of Hormuz and head to ...
High Oil Prices Are Driving an EV Boom in Europe
High oil and fuel prices led to yet another monthly rise in electric car sales in Europe, at a solid 34% on the year, thanks in no small part to the wider availability of cheaper vehicles from China, ...