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Iran and Oman deal, US jobs report on deck
In the Gulf, Iran and Oman have reportedly reached an agreement to reopen the Strait of Hormuz. The ...
Eurozone Retail Sales disappoint – Broader economy still 'holding up reasonably well'
Yesterday’s Euro Area retail sales print for June was a disappointment. Sales unexpected fell by 0.3...
US Nonfarm Payrolls expected to rise by 80K in July
The United States (US) Bureau of Labor Statistics (BLS) is set to release the Nonfarm Payrolls (NFP)...
The Next Infrastructure Supercycle Could Be Worth $20 Trillion
Unprecedented heatwaves, violent storms, mega-cyclones, catastrophic floods, prolonged droughts and uncontrollable wildfires have all become commonplace, with extreme weather events increasing in both ...
Europe Scrambles to Contain the Energy Shock
The European Union and the Eurozone are feeling the energy shock as the Iran war enters its fourth month. The spike in oil and gas prices amid the Middle East crisis is raising inflation and moderatin ...
Energy Costs Are Catching Up With Big Tech
Artificial intelligence is all the rage these days, and so is its energy consumption. From a game-changing technology that would usher in a new era, AI has recently turned into a problem for many—a pr ...
Nuclear Startups Are in "Advanced Negotiations" to Buy Cold War Plutonium
As nuclear energy regains favor around the globe, competition for nuclear fuel is heating up. In an era of multiple and compounding energy crises driven by conflict, climate, and the power-hungry arti ...
A Barrel Trapped Behind Hormuz Isn't Spare Capacity
At the start of 2026, oil traders were preparing for a glut. Supply growth was expected to outpace demand growth. OPEC+ was gradually returning barrels to the market. U.S. production remained near rec ...
States Take Trump to Court Over Offshore Wind Cancelations
The Trump administration’s war on wind is heading back to court. New York’s attorney general sued the administration Tuesday over one of its deals to end an offshore wind project. Under the deal annou ...
Kazakhstan Turns to U.S. Water Experts as Scarcity Threat Looms
Kazakhstan is turning to a US government agency for help on water conservation. Experts from the Kazakh water-management agency Kazvodhoz held talks recently with representatives of the US Bureau of R ...
Copper Tops $14,000 With Banks Calling for Even More Upside
Copper is trading just above $14,000 a ton in London, roughly $500 shy of its all-time high set in January, and Wall Street thinks it has further to run. Goldman Sachs lifted its end-2026 copper price ...
Kuwait Says Oil Output Won't Recover for 10-12 Weeks After Hormuz Reopens
Kuwait Petroleum Company expects it will take considerably longer to restore oil production than many traders appear to assume if the Strait of Hormuz reopens in the coming days. Speaking at the S&P G ...
Britain’s Borrowing Outlook Darkens as Energy Shock Deepens
Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war, as the Office for Budget Responsibility admitted it had underestimated the effects of th ...
Iraq Targets 770,000 bpd Through Ceyhan as Southern Output Climbs Back
Iraq has restarted production at some of its most important oil fields, including West Qurna 1, Majnoon and Fauqi, lifting national output back to roughly 1.5-1.6 million barrels per day after the col ...
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 ...