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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 ...
India Secures Crude Supply Through August with Higher UAE Imports
Indian refiners have secured crude supply at least through August as they boost purchases from the United Arab Emirates (UAE), Africa, and Brazil, trade sources told Reuters on Thursday. India's state ...
Japan Taps Reserves and New Suppliers to Beat the Oil Blockade
Despite the Hormuz crisis, Japan has secured the same volumes of oil imports for July as it did a year ago, as it is boosting imports from producers not dependent on the Strait to deliver their crude, ...
Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges
The Trans Mountain pipeline has reached full capacity for the first time since its expansion was completed, boosting the pipe’s total carrying capability to 890,000 barrels daily. Indeed, this month t ...
SLB Lands Major Deal to Help Rebuild Venezuela’s Oil Industry
SLB has signed a long-term contract with Venezuela’s PDVSA to reverse a major decline in oil production and modernize the country’s oil industry. “Venezuela's oil and gas sector has substantial resour ...
OPEC Oil Production Falls to Lowest Level Since 2000
Crude oil production among members of OPEC has this year collapsed to a generational low, at just 16.13 million barrels daily, Reuters reported, citing a regular survey it conducts on OPEC production. ...
Oil Prices Spike as Iran Declares Strait of Hormuz Closed
Oil prices surged again in early Asian trade on Thursday after Iran declared the Strait of Hormuz closed following a fresh round of U.S. strikes on the country. At the time of writing, Brent crude had ...
Scientists Create Giant Fire Tornadoes To Clean Up Oil Spills
Oil spills are some of the most destructive forms of marine pollution known to man, thanks to their acute toxicity and ability to devastate marine habitats. The BP Plc. (NYSE:BP) Deepwater Horizon spi ...
Algeria’s Gas Advantage Is Real. So Are Its Production Problems.
Algeria’s 2026 hydrocarbon bidding round is arriving at a moment when timing may matter as much as geology. Oil and gas prices have been lifted by the prolonged Middle Eastern crisis, Europe is still ...
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
In yet another sign that the paper oil market may be too complacent about the magnitude of the supply disruption in the Middle East, trades have been boosting their short positions in oil futures for ...
The World's Biggest Battery Maker Is Turning Away From EVs
As global energy markets change, companies along the electric vehicles manufacturing supply chain are rushing to expand and diversify. The Trump administration’s stance on clean energy and aggression ...
Oil Prices Are Up. Investment Isn't Following
When the International Energy Agency issued its 2026 outlook on energy investment, it had a surprise for its audience, predicting a decline in oil investment, instead of an increase, as the current pr ...
Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that ...