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BoJ’s Himino: Delaying adjustment in monetary easing risks price overshoot
Bank of Japan (BoJ) Deputy Governor Himino said on Monday that delaying adjustment in monetary easin...
Gold edges lower to near $4,150 on US–Iran peace uncertainty, hawkish Fed signals
Gold price (XAU/USD) trades with mild losses around $4,155 during the early Asian session on Monday....
WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks
West Texas Intermediate (WTI) – the US oil benchmark – opened Monday’s Asian trading with an over $1...
UK Conservatives Blast Labour North Sea Ban as 'Utter Madness'
The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s relianc ...
EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss
Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle East and soaring prices, according to EU Sustainable Transport and Tourism Commissioner, Apostolos Tz ...
Malaysia's Oil Production Fell 5.5% in Q1
Malaysia's crude and condensate production dropped by 5.5% from a year earlier to 43 million barrels in the first quarter of 2026, due to a slump in crude output, the Department of Statistics Malaysia ...
A New U.S. Battery Line Designed to Make Energy Storage Safer and Cheaper
The US has recently launched a new battery production line, which is expected to help researchers develop safer and cheaper energy storage technologies for the electric grid. The new line is housed at ...
Iran's Oil Exports Collapse to Six-Year Low as Blockade Tightens
Iran's oil exports fell to their lowest level in at least six years in May as the U.S. naval blockade continued to choke off crude shipments and leave tens of millions of barrels stranded at sea. Acco ...
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 ...
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 ...
Oil Prices Dip as Israel-Lebanon Ceasefire Revives Iran Deal Hopes
Oil prices were under pressure in early Asian trade on Thursday following the announcement of a ceasefire agreement between Israel and Lebanon. The agreement could ultimately help clear the way for a ...
US Crude Oil Inventories in Freefall: EIA
Crude oil inventories in the United States decreased by 8.0 million barrels during the week ending May 29, according to new data from the U.S. Energy Information Administration (EIA) released on Wedne ...
Rubio Says U.S. Wants to End Russian Oil Waivers “As Soon as Possible”
The Trump Administration would like to end the sanction waivers allowing sales of Russian oil as soon as possible, although the decision rests with the U.S. Department of the Treasury, Secretary of St ...
China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half
The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little over 6 million barrels daily last month, do ...
US Crude Oil Inventories Continue Downward Plunge But Gasoline Surprises
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29. In the week prior, US crude oil inventories fel ...