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Mexican Peso hits five-month high on weak US jobs data
The Mexican Peso (MXN) capitalizes on a weaker US jobs report and soars versus the US Dollar (USD) o...
Update: Equities Rise Intraday as Jobs Report Tempers Rate Hike Bets
(Updates with latest market prices and developments.) US benchmark equity indexes were higher int...
EUR/USD Price Forecast: Buyers eye a break above the 100-day SMA
EUR/USD edges higher on Friday, supported by a softer US Dollar (USD) as traders scale back Federal ...
9 Billion BOE on the Table as Kazakhstan Opens Biggest Licensing Round in Years
Kazakhstan’s 12th hydrocarbon licensing round puts 30 suboil plots across roughly 53,000 sq km on offer, backed by more than 9 billion preliminary estimated hydrocarbon resource potential. With signat ...
OPEC Sees Oil Demand Growth Outpacing Supply Through 2027
OPEC is sticking to its view that the oil market will remain relatively tight through next year, with demand growth expected to continue outpacing non-OPEC+ supply additions despite months of war-rela ...
Britain’s Electric Vehicle Market Is Booming as Fuel Prices Climb
Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car su ...
Oil Held the Biggest IPO Record. Tonight It Loses the Crown.
For nearly seven years, the largest IPO in history belonged to an oil company. Not just any oil company. Saudi Aramco, the crown jewel of the world's largest crude exporter, raised $29.4 billion in it ...
Why Power Prices Are Rising Faster in Deregulated States
Back in the last century, when neo-liberalism, deregulation, and privatization were all the rage, we, in the USA, decided to restructure and deregulate the electricity industry, on the theory that suc ...
Why Household Batteries Are Becoming Strategic Assets
The Strait of Hormuz has become the pressure point of the global energy system. The war has already deprived global markets of 1 billion barrels of crude oil and petroleum products. Supply from the Mi ...
What's Stopping the Trans-Caspian Pipeline After 27 Years?
With the Iran war disrupting traditional energy supply routes and the West seeking to lessen reliance on Russian transit networks, Trans-Caspian corridors have again emerged as a focus of internationa ...
UK Clean Tech Firms Plan Europe's Biggest Direct Air Capture Project
UK clean energy technology firms have set up a joint venture to build and operate Europe's biggest direct air capture project. Carbon capture technology developers Airhive and Mission Zero Technologie ...
Guyana’s Oil Boom Gets a Major Boost From $100 Crude
Oil prices remain elevated in the wake of the Iran War. Tehran’s ability to close the Strait of Hormuz has sharply crimped world oil supply, with around 20% of all petroleum consumed globally passing ...
India Flags Second Tanker Incident Off Oman Within 24 Hours
India reported on Thursday a new incident with a tanker off the coast of Oman amid escalating U.S.-Iran tensions in the area, following the death of three Indian seafarers in a U.S. hit on another ves ...
Trump Says U.S. Will Hit Iran Again Tonight, Eyes Control of Its Oil Sector
President Donald Trump on Thursday threatened to seize Iran's main oil export hub, Kharg Island, and assume "total control" of the country's oil and gas markets, drawing a direct line to the U.S. oper ...
Sanctioned Private Chinese Refiner Seeks Non-Iranian Crude
Hengli Petrochemical, the privately-owned Chinese refiner that was sanctioned by the U.S. in April over allegedly buying Iranian oil, is looking to buy crude from other Middle Eastern producers and We ...