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Stock Market Today: Dow Up, Big Tech Falls Amid These Rate Hike Calls; This AI Stock Tests Entry (Live Coverage)
The Dow Jones index rises as Treasury Secretary Scott Bessent makes an Iran move. Microsoft falls on...
U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash
U.S. airlines stand to save billions in dollars on jet fuel costs after the US-Iran peace deal sent ...
Trump Allows Russian Oil Waiver to Expire
The Trump administration has allowed a controversial waiver on sanctions targeting Russian seaborne oil to expire, reimposing restrictions that had temporarily enabled countries such as India to conti ...
India's Oil Refiners Slated To Ride Out Disruptions After Russian Waiver Ends
Indian oil refiners are structurally equipped to handle potential disruptions after the United States allowed its key sanctions waiver on Russian seaborne crude purchases to expire. Petroleum Minister ...
China Burns More Coal and Gas as Wind and Nuclear Output Falls
China boosted its coal and gas power generation by 3.1% in April from a year earlier as wind and nuclear power output fell. Despite a 1% decline in domestic coal output, China is boosting coal power g ...
Russia Quietly Adds Four LNG Carriers to Its Arctic Dark Fleet
Russia appears to have recently added four LNG carriers to its growing dark fleet of tankers exporting cargoes from the sanctioned Arctic LNG 2 project, a Bloomberg analysis of shipping data showed on ...
Anglo American Exits Steelmaking Coal With $3.9 Billion Australian Asset Sale
Anglo American has agreed to sell its steelmaking coal assets in Australia to Dhilmar Limited for up to $3.875 billion in cash, exiting the steelmaking coal business as the mining giant continues its ...
Chinese Refiners Slash Crude Runs to Lowest Level Since 2022
Chinese refiners slashed their crude runs to the lowest level since August 2022 as China has reduced refinery utilization and slashed crude imports as oil prices soar amid the Iran war. Crude throughp ...
HSBC Bets $4 Billion on China’s Clean Energy Export Boom
British HSBC set up an investment vehicle worth $4 billion to fund energy transition technology from China, including wind and solar power, electric vehicles, data centers, and artificial intelligence ...
China’s Coal Output Slips as Imports Extend Decline
China’s coal production last month inched down by 1%, to 385.63 million tons, Reuters has reported, citing official statistics data. The decline was from an all-time high achieved in March. Over the f ...
The Middle East Oil Crisis Has Already Cost Global Businesses $25 Billion
The oil and gas crunch caused by the war between the U.S. and Israel, and Iran, has cost global businesses $25 billion, Reuters reported today, adding that the bill is going to climb higher still. The ...
Brent Breaks $111 as Oil Markets Brace for Shortages
Oil prices climbed in early Asian trade on Monday as drone attacks on both the UAE and Saudi Arabia further dimmed hopes of any de-escalation in the region. The lack of a breakthrough on an Iran agree ...
Oil Shortage Scenario Looms Large
The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on a global scale is becoming increasingly realistic with each day that the Strait of Hormuz remains a ...
U.S. Upstream Mergers Hit $38B As M&A Rebounds
Dealmaking in the U.S. shale patch jumped to a two-year high in the first quarter as M&A activity rebounded from a slump. U.S. upstream mergers hit $38 billion in Q1 2026, marking the highest quarterl ...