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S&P 500 Gains as Iran-Oman Deal Eases Oil Fears
A fragile breakthrough could reshape inflation and rate expectations...
Forex Today: US Dollar firms ahead of Nonfarm Payrolls as Hormuz risk returns
The US Dollar (USD) posted gains against every major currency on Thursday, with the US Dollar Index ...
Dow Jones Futures: Market Pauses With Jobs Report Due; Cloudflare, Sezzle Lead Earnings Movers
Dow Jones futures: The market pauses, but what happens next? Don't buy these AI stocks yet. Cloudfla...
Guyana’s Oil Boom Gets a Major Boost From $100 Crude
Oil prices remain elevated in the wake of the Iran War. Tehran’s ability to close the Strait of Hormuz has sharply crimped world oil supply, with around 20% of all petroleum consumed globally passing ...
Trump Says U.S. Will Hit Iran Again Tonight, Eyes Control of Its Oil Sector
President Donald Trump on Thursday threatened to seize Iran's main oil export hub, Kharg Island, and assume "total control" of the country's oil and gas markets, drawing a direct line to the U.S. oper ...
India Secures Crude Supply Through August with Higher UAE Imports
Indian refiners have secured crude supply at least through August as they boost purchases from the United Arab Emirates (UAE), Africa, and Brazil, trade sources told Reuters on Thursday. India's state ...
Japan Taps Reserves and New Suppliers to Beat the Oil Blockade
Despite the Hormuz crisis, Japan has secured the same volumes of oil imports for July as it did a year ago, as it is boosting imports from producers not dependent on the Strait to deliver their crude, ...
Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges
The Trans Mountain pipeline has reached full capacity for the first time since its expansion was completed, boosting the pipe’s total carrying capability to 890,000 barrels daily. Indeed, this month t ...
Oil Prices Spike as Iran Declares Strait of Hormuz Closed
Oil prices surged again in early Asian trade on Thursday after Iran declared the Strait of Hormuz closed following a fresh round of U.S. strikes on the country. At the time of writing, Brent crude had ...
Scientists Create Giant Fire Tornadoes To Clean Up Oil Spills
Oil spills are some of the most destructive forms of marine pollution known to man, thanks to their acute toxicity and ability to devastate marine habitats. The BP Plc. (NYSE:BP) Deepwater Horizon spi ...
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
In yet another sign that the paper oil market may be too complacent about the magnitude of the supply disruption in the Middle East, trades have been boosting their short positions in oil futures for ...
The World's Biggest Battery Maker Is Turning Away From EVs
As global energy markets change, companies along the electric vehicles manufacturing supply chain are rushing to expand and diversify. The Trump administration’s stance on clean energy and aggression ...
Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that ...
Energy Prices Drive U.S. Inflation To Three-Year High
U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher, with the Consumer Price Index rising 0.5% fro ...
EnQuest Bets $833 Million on Malaysia's Offshore Oil
EnQuest PLC has agreed to buy interests in four production sharing contracts offshore Malaysia from local state firm Petronas for up to $833 million, as the UK-based oil and gas producer bets on growt ...