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Iran and Oman deal, US jobs report on deck
In the Gulf, Iran and Oman have reportedly reached an agreement to reopen the Strait of Hormuz. The ...
Eurozone Retail Sales disappoint – Broader economy still 'holding up reasonably well'
Yesterday’s Euro Area retail sales print for June was a disappointment. Sales unexpected fell by 0.3...
US Jobs Report in Focus as Middle East Tensions and Corporate News Shape Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures traded close to unchanged on Friday as investors awaited the latest employment data...
Why America’s Gas Power Boom Could End in Disaster
There are over 100 new gas fired power stations under construction in the US. The US Energy Information Administration (EIA) projects that domestic gas demand will rise 6% next year as some of those ...
Russia Admits Oil Output Is Falling as Ukrainian Drone Strikes Hits Refineries
Russia's crude oil production has declined since the beginning of the year as a number of local refineries are under unscheduled repairs and maintenance, Russia's Deputy Prime Minister Alexander Novak ...
U.S. Lawmakers Push New Ukraine Aid and Russia Sanctions
The US House of Representatives voted on June 3 to advance legislation providing new military assistance to Ukraine, overcoming opposition from the administration and marking the first major Ukraine s ...
South Korea Boosts Jet Fuel Exports to Nine-Month High
South Korea’s refiners have increased processing rates and jet fuel exports as crude imports into the Asian country recover and wide open arbitrage encourages shipments to the U.S. West Coast, analyst ...
Iran Says 'No Tangible Progress' in Talks with U.S.
Iran has signaled that there has been “no tangible progress” in the talks with the U.S. on a potential deal while the Israel-Lebanon ceasefire announced by the United States overnight appears shaky. “ ...
Iranian, Russian Crude Premiums Slide as China Pulls Back on Imports
Weak demand from Iran’s top crude buyer, China, has dragged Iranian flagship oil prices into discounts to ICE Brent for the first time in two months, trade sources told Reuters on Thursday. Demand for ...
India’s Nayara Completes Maintenance at 400,000-Bpd Refinery
India’s Nayara Energy, which processes Russian oil, has completed a planned turnaround of its 400,000-barrels-per-day refinery at Vadinar, the Indian refiner said on Thursday. Nayara Energy, in which ...
Iraq Revives Kurdistan Production in Bid to Rescue Oil Revenues
Iraq’s Prime Minister Ali Falih Al-Zaidi has directed oil companies operating in the semi-autonomous region of Kurdistan to resume operations beginning on Thursday, as OPEC’s second-largest producer s ...
House Passes War Powers Measure on Iran, But Trump Will Likely Kill It
The House voted 215-208 on Wednesday to direct President Donald Trump to withdraw U.S. forces from the Iran conflict, with four Republicans crossing the aisle in the most significant congressional pus ...
Pakistan Rushes to Secure LNG as Summer Power Demand Surges
Pakistan has issued a new tender for LNG, to the amount of 1 million tons, The Nation reported today, citing the seasonal increase in electricity demand as summer heat sets in. This is the fourth LNG ...
India’s Solar Boom Runs Into a Grid Reckoning
A regulatory overhaul of India’s grid has sparked fears in the solar power industry that they may suffer a negative impact on profitability. The overhaul includes a stipulation regarding penalties for ...
Trump Plans $700 Million Lifeline for U.S. Coal Power Plants
President Donald Trump plans to allocate a support package of $700 million for coal power generation, Reuters has reported, citing an unnamed White House official ahead of a formal announcement by the ...