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Stock Market Today: Dow Steady After Tech Sell-Off; FedEx Dives On Earnings (Live Coverage)
Stock Market Today: The Dow Jones index held steady Wednesday after Tuesday's tech sell-off. FedEx d...
Mexico 1st half-month Core Inflation came in at 0.19% below forecasts (0.2%) in June
Mexico 1st half-month Core Inflation came in at 0.19% below forecasts (0.2%) in June...
Mexico 1st half-month Inflation came in at -0.11%, below expectations (0.1%) in June
Mexico 1st half-month Inflation came in at -0.11%, below expectations (0.1%) in June...
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 ...
India’s Oman Bet Looks Timely As Hormuz Crisis Deepens
Late last year, when India and Oman officially signed the Comprehensive Economic Partnership Agreement (CEPA), there was no war with Iran cutting off the Strait of Hormuz, and the advanced timing of t ...
China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half
The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little over 6 million barrels daily last month, do ...
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 ...
US Crude Oil Inventories Continue Downward Plunge But Gasoline Surprises
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29. In the week prior, US crude oil inventories fel ...
Why India’s LNG Buying Surges Despite Costly Gas
India’s LNG imports are rising amid one of the most expensive Asian gas markets in years, defying the regional pattern of demand destruction that has pushed other buyers toward coal, nuclear and energ ...
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 ...
China Eases Order for Teapot Refiners to Keep Fuel Output High
China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East crisis. In the early we ...
Russia Weighs $50 Million Plan to Influence Armenia’s Election
Russia has mulled an extraordinary measure of exporting humans to Armenia in an effort to undermine Prime Minister Nikol Pashinyan’s chances of retaining power in the fast-approaching parliamentary el ...