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Euro surges as shocking US NFP reverses Fed September hike expectations
EUR/USD jumps 0.43% on the day and trades around 1.1570 at the time of writing, as the US Dollar (US...
US economy unexpectedly shed 23,000 jobs in July
Lacklustre figure prompts traders to scale back bets on Fed rate rises...
Shockingly Weak Jobs Report Lowers Fed Rate Hike Odds; S&P 500 Futures Rally (Live Coverage)
The July jobs report showed payrolls down 23,000, shifting September Fed rate hike odds. S&P 500 fut...
Indonesia Receives First Russian Crude Shipment Under April Supply Deal
Indonesia has recently welcomed the first cargo of Russian crude oil under a deal Southeast Asia’s biggest economy struck with Moscow in April. About 770,000 barrels of Russian crude oil was delivered ...
High Oil Prices Are Fueling a New Heavy Crude Rush in Canada
Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heav ...
Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled
Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has just issued a tender to ...
Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal
Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold and oil flows throug ...
Dangote’s Next Move Could Create the World’s Largest Refinery
Dangote’s 700,000 b/d Lekki refinery has been running at full capacity over the past two months, pushing product exports to Europe to record levels and overtaking traditional suppliers from the Gulf a ...
IMF Downgrades Global Economic Growth Forecast To 3% Amid Iran War
The International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.5% posted in 2025 with the impact of the Iran war expected to negate gains made by the ...
Oil Prices Jump over 7% as Iran Ceasefire Declared ‘Over’
Oil prices surged over 7% to a two-week high on Wednesday after U.S. President Donald Trump declared that the interim ceasefire agreement with Iran is officially over and dismissed the recently signed ...
Global Nuclear Power Capacity Set to Jump by 44% by 2036
The world’s fleet of nuclear power capacity is expected to surge by 44% over the next decade as China will topple the United States as the biggest nuclear power capacity holder and India will hike its ...
63 Million Barrels Of Crude Stuck At Sea As U.S. Pulls Iran Sanction Waiver
Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver that allowed Tehran to sell its oil without penalties. The Iranian a ...
Oil Prices Surge 6% Even as Tankers Push Through Hormuz
Thin tanker traffic through the Strait of Hormuz continued early on Wednesday despite the fresh flare-up in the Middle East, but more vessels appear to be reconsidering moving toward the chokepoint af ...
Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation
The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf. At least four oil and LN ...
Oil Prices Jump After Iran Attacks Commercial Vessels
Crude oil prices moved higher today, extending gains from earlier this week after the United States and Iran exchanged military strikes again, following Iran’s attacks on three vessels off the Omani c ...