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Stock Market Today: Dow Up, Big Tech Falls Amid These Rate Hike Calls; This AI Stock Tests Entry (Live Coverage)
The Dow Jones index rises as Treasury Secretary Scott Bessent makes an Iran move. Microsoft falls on...
U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash
U.S. airlines stand to save billions in dollars on jet fuel costs after the US-Iran peace deal sent ...
Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain
Malaysia is looking to diversify its crude sourcing with supply from the U.S., South America, and Africa as the Hormuz crisis has choked off its key Middle Eastern deliveries, Malaysian Economy Minist ...
UK Economy Set to Shrink as Iran Energy Shock Hits Growth
The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran’s energy price shock will now show up in fresh data. Economists believe t ...
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 ...
U.S. Oil Inventories Continue Slide as Refiners Boost Runs
Crude oil inventories in the United States decreased by 7.2 million barrels during the week ending June 5, according to new data from the U.S. Energy Information Administration (EIA) released on Wedne ...
EU Moves Against Russian LNG Shipping As Arctic Gas Imports Surge
Brussels is proposing new restrictions on Russia’s LNG shipping sector even as Europe remains the primary destination for Russian Arctic gas, receiving nearly 97% of Yamal Arctic LNG exports so far th ...
Washington Walks a Tightrope After Striking Iran
The US strikes on Iranian air defense and radar systems appear intended as a limited warning to Tehran rather than the opening salvo of a broader military campaign, according to senior US officials an ...
KKR Eyes $6.7 Billion Takeover of Irish Energy Distributor DCC
A consortium led by private equity firms KKR and Energy Capital Partners is in advanced discussions to acquire Irish energy distributor DCC in a deal that could value the company at more than £5 billi ...
Solar Tops Coal in U.S. Power Mix for the First Month Ever
Solar power held a record-high 12.8% share of U.S. electricity supply in May, overtaking coal-generated power for the first full month on record, energy think tank Ember said in a report on Wednesday. ...
Kazakhstan Oil Buyers Demand More Supply as Hormuz Closure Tightens Market
Customers buying oil from Kazakhstan are urging the OPEC+ producer to ramp up crude supply and deliver the maximum available volumes, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday. ...
China Begins Tapping Oil Stockpiles as Middle East Crisis Drags On
China began tapping its huge oil reserves in May, three months after the Middle East conflict wiped out about a tenth of global supply, in a sign that Beijing is still refraining from paying top-dolla ...
Alberta Eyes General Corridor for New Pacific Oil Pipeline
Alberta is more likely to propose a “general corridor” rather than a specific route for the new 1 million-barrels-per-day oil pipeline to the British Columbia coast that’s expected to receive federal ...
U.S. Company to Send 250,000 Barrels of Fuel to Cuba
An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the biggest U.S. shipment of fuel to the island nation since the start of the U.S. emba ...