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US Equity Investors to Watch Out for Micron Technology's Earnings, PCE Inflation, Iran Peace Talks This Week
US equity investors will focus this week on quarterly earnings from Micron Technology (MU) and infla...
Dow, S&P 500 Futures Fall Amid Latest U.S.-Iran Peace Agreement After Trump Threats
Iran and the U.S. agreed to the creation of a mechanism to ensure the termination of military operat...
Breaking: UK PM Starmer resigns, says nominations will open July 9
United Kingdom (UK) Prime Minister Keir Starmer announces his resignation and says that nominations ...
The Fuel Shortage That Could Reshape Global Trade
The war with Iran is not going well. It is difficult to supply US troops with adequate food and other necessities. With summer arriving soon, the region will soon be an even more inhospitable place fo ...
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset Production Losses
Russia’s oil export revenues have continued to rise despite lower production thanks to high oil prices. According to the International Energy Agency (IEA) monthly market report for May, Russia’s oil e ...
US Crude Oil, Gasoline Inventories Continue to Crash as Iran War Takes Its Toll
Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on Wednes ...
India's PM Orders 50% Slash in Motorcade Size to Save Fuel
India's Prime Minister Narendra Modi has directed a 50% reduction in the size of his official motorcade in a bid to conserve fuel amid mounting economic pressures from the ongoing global energy crisis ...
What to Expect From the Trump-Xi Summit in Beijing
US President Donald Trump and Chinese leader Xi Jinping are set to open a closely watched summit in Beijing as Washington and Beijing seek a fragile economic truce while maneuvering over Iran, Taiwan, ...
BP Buys 40% Stake in Uzbek Oil and Gas Blocks
BP has bought 40% in the production sharing agreement regulating oil and gas exploration and production rights for six blocks in Uzbekistan, setting foot in the Central Asian country as it continues t ...
Rising Jet Fuel and Ticket Prices Could Disrupt Summer Air Travel
Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association Airpor ...
Japan's Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In
Japan's refinery utilization rates are rebounding in May as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and most of ...
Citi Sees India's Power Demand Rising 5%-6% Annually Amid Energy Buildout
India’s power sector is set to grow by 5-6% each year in the medium term as investments in both thermal and renewable power generation are projected to surge amid growing demand from electrification, ...
Europe’s Gas Industry Seeks Relief From Storage Mandates
European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has a refill target of 90% of sto ...
Europe’s Dependence on U.S. LNG Is Set to Surge
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Finan ...
Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz
A Chinese tanker is attempting to cross the Strait of Hormuz, Bloomberg reported today, citing ship-tracking data showing the VLCC moving south along the eastern side of the chokepoint. The moment is ...