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US Equity Markets Mixed as Communication Services Stocks Fall, Bond Yields Move Up
US equity indexes were mixed on Monday after communication services stocks saw steep declines and go...
Update: US Equity Indexes Mixed as Communication Services Sector Slides, Treasury Yields Surge
(Updates with index/price moves and political news from the first paragraph.) US equity indexes t...
Swiss Franc weakens vs Dollar, Euro as SNB gets relief
The Swiss Franc loses ground against the US Dollar and the euro on Monday as risk appetite improves ...
US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5. Analysts had expected a 3.4 million draw. In t ...
The Clock Is Ticking Down To Iraq’s Economic Disaster On 27 July
OPEC’s second-largest oil producer, Iraq, has less than two months before it loses the key means to export its crude, with the agreement to move its product through two pipelines into Turkey expiring ...
BLM Opens Review of 126,744 Acres for Colorado Oil and Gas Lease Sale
The Bureau of Land Management has opened a 30-day public scoping period for a proposed December 2026 oil and gas lease sale in Colorado, putting more than 126,000 acres on the table for potential futu ...
QatarEnergy Adds Another Oil Discovery to Namibia's Hot Streak
QatarEnergy has struck oil again offshore Namibia, adding another discovery to what is becoming one of the most impressive exploration runs in the industry. The company announced that its Merlin-1X ex ...
World's Largest Battery Maker Bets Big on Energy Storage
The world’s top battery manufacturer, CATL, expects sales of battery storage systems to account for half of its total sales in the coming years, signaling strong optimism about the battery storage sec ...
Armenia Signals a Historic Break From Russia After Landmark Election
Armenia appears ready to press ahead with its geopolitical transition away from Russia toward the West after Prime Minister Nikol Pashinyan’s Civil Contract Party registered a convincing victory in th ...
Self-Driving Cabs Are Coming to London
Uber has opened an interest list for customers keen to try autonomous minicabs in the capital, as self-driving taxis near a commercial launch in the UK. The ride-hailing giant is partnering with Briti ...
Why Argentina’s Shale Boom Matters for Global Energy Markets
Argentina’s epic unconventional oil boom is going from strength to strength. At the end of 2024, South America’s third-largest economy emerged as the continent’s fourth-largest oil producer. After pro ...
Ceasefire Caps Oil Rally as China Demand Weakens
Supertankers Are Back in Fashion as Hormuz Risk Rewrites Oil Trade - The US-Iran crisis has engendered a shipbuilding boom, with the global orderbook for supertankers soaring to an all-time high as sh ...
Kuwait Offers First Crude Cargoes to Asia since Iran War Started
Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for the first time since the Iran war chok ...
India's Fuel Demand Falls 6.5%, LPG Consumption Drops 20%
India's fuel consumption fell by 6.5% in May from a year earlier while sales of liquefied petroleum gas (LPG), a key cooking and industry input fuel, tumbled by 20% as the Iran war continued to disrup ...
Why Iran Attacked Israel and Then Backed Off
Iran’s military central command has announced a halt to its strikes against Israel, declaring it had delivered a "painful response" to Israel over strikes on Beirut's Dahiyeh district -- but warned th ...