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Fed’s Musalem backs rate hikes, says inflation remains too high
The St. Louis Fed President, Alberto Musalem, stressed that “inflation is too high” and that it’s “c...
Dow Jones Futures: Cloudflare Leads 5 Software Earnings Winners Late; Jobs Report On Tap
Dow Jones futures: The market pauses, but what happens next? Don't buy these AI stocks yet. Cloudfla...
Indonesia: Headline GDP strength, mixed momentum – Societe Generale
Societe Generale economist Kunal Kundu notes Indonesia’s 2Q26 Gross Domestic Product (GDP) grew 5.3%...
EnQuest Bets $833 Million on Malaysia's Offshore Oil
EnQuest PLC has agreed to buy interests in four production sharing contracts offshore Malaysia from local state firm Petronas for up to $833 million, as the UK-based oil and gas producer bets on growt ...
EU Moves Against Russian LNG Shipping As Arctic Gas Imports Surge
Brussels is proposing new restrictions on Russia’s LNG shipping sector even as Europe remains the primary destination for Russian Arctic gas, receiving nearly 97% of Yamal Arctic LNG exports so far th ...
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. ...
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 ...
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 ...
Nuclear and Natural Gas Are Teaming Up to Power the AI Data Center Boom
Data centers are placing unprecedented strain on electric grids across the country and across the world as the rapid integration of artificial intelligence into virtually every market sector unleashes ...
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 ...
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 ...