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Stock Market Today, Aug. 7: Markets Rally on Jobs Shock and Atlassian Surges 35%
Today, Aug. 7, 2026, July payrolls fell unexpectedly, fueling investor optimism for lower interest r...
S&P 500 Ends At Record High, Clocks Strongest Week Since April As Poor Jobs Data Calms Rate Hike Fear — SEZL, SPCX, RDW, PLTR, TTD In Focus
Nonfarm payrolls fell 23,000 last month, following substantial downward revisions to the prior two m...
India’s Fuel Exports Set to Soar in July as Refining Margins Jump
India is on track to export the highest volume of refined petroleum products in months as refining margins have jumped with the re-escalation of the Middle East conflict. India is estimated to ship as ...
LNG Importers Seek Lower Qatar and UAE Prices as War Upends Deals
The war in the Middle East has diminished the negotiating power that key regional LNG exporters Qatar and the United Arab Emirates (UAE) have enjoyed for years. Importers of LNG from Europe to Asia pl ...
U.S. Refinery Utilization Hits 96.2% as Fuel Markets Tighten Worldwide
U.S. refinery utilization has been near-capacity for weeks, with American fuel exports jumping to record high levels amid tight global fuel markets in the wake of the Iran war and the closure of the S ...
TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings
TotalEnergies’ (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash fl ...
Oil Prices Climb Toward $100 as Red Sea Risks Rise
Oil prices rose for the fifth consecutive day early on Thursday, topping $98 per barrel to the highest level in nearly two months, as Houthi attacks on tankers on the Red Sea route intensified concern ...
Two Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea Shipping
At least two tankers have turned away from the Bab el-Mandeb Strait after Yemen’s Houthis said they have struck two Saudi tankers in the chokepoint in the latest Middle East war escalation, saying the ...
Brent Nears $96 as U.S. Strikes Iran for 12th Consecutive Night
The latest oil price rally showed no sign of stopping in early Asian trading on Thursday, with both benchmarks climbing to their highest levels in more than six weeks as the U.S. and Iran continued to ...
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refi ...
Equinor CEO: Europe May Miss Winter Gas Storage Goal
Europe's effort to rebuild natural gas inventories before winter suffered another setback on Wednesday after Equinor CEO Anders Opedal warned the region may struggle to reach its 80% storage target, h ...
China’s AI Offensive Gains Ground in Central Asia
Central Asian states are tilting towards Beijing amid intensifying competition between the United States and China for predominance in artificial intelligence development. Top officials from Kazakhsta ...
GE Vernova Raises Outlook As AI Power Boom Masks Wind Weakness
GE Vernova raised its full-year revenue forecast on Wednesday after another quarter of booming demand for gas turbines, grid equipment and AI-driven electricity infrastructure. Wind was the clear exce ...
Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East
Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran a ...