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S&P 500 rallies after July jobs report misses forecasts
The U.S. economy shed 23,000 jobs in July, far below forecasts of an 83,000 gain, shifting trader ex...
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...
Saudi Arabia, Pakistan and Turkey to Sign Defense Deal
Saudi Arabia, Pakistan, and Turkey are expected to sign on Friday a joint defense cooperation agreem...
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 ...
U.S. to Release LNG and LPG Reserves to ASEAN Countries
The United States will release liquefied natural gas and liquefied petroleum gas from its strategic reserves to sell to ASEAN members, Deputy Secretary of State Christopher Landau said today at an ASE ...
Japan Secures Major LNG Deal as Energy Risks Mount
Japan’s JERA has signed a supply contract for the supply of liquefied natural gas with Malaysia’s state major Petronas for a period of 20 years, starting in 2028. “Amid growing uncertainty in the inte ...
Oil Prices Jump After U.S. Strikes Iran Over Downed Apache
Oil prices jumped in early Asian trading on Wednesday after the United States launched what it described as self-defense strikes against Iranian military targets near the Strait of Hormuz. At the tim ...
America Just Added a Massive New Rare Earth Supply Source
REalloys (NASDAQ: ALOY) has signed an agreement that could give it priority access to up to 30% of production from a 2-billion-ton Appalachian rare earth resource network, expanding its growing pipeli ...
Disconnected Oil Futures Market Could See Price Spike within Weeks
For more than three months, oil market participants have hoped that the Middle East conflict would be resolved any day now, while about 13 million barrels per day (bpd) have been wiped off global supp ...