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Gold edges lower to near $4,150 on US–Iran peace uncertainty, hawkish Fed signals
Gold price (XAU/USD) trades with mild losses around $4,155 during the early Asian session on Monday....
WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks
West Texas Intermediate (WTI) – the US oil benchmark – opened Monday’s Asian trading with an over $1...
Stock market today: S&P 500, Nasdaq, Dow futures slide with US-Iran peace and inflation in focus
US stock futures slipped against a backdrop of uncertainty ahead of a key inflation reading....
US Oil Rig Count Jumps amid Rising Crude Prices
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 551 ...
Mexico's President Announces the Resignation of Pemex CEO Victor Rodríguez
Mexican President Claudia Sheinbaum announced on Thursday that Pemex CEO Víctor Rodríguez is stepping down, naming the state oil company’s chief financial officer, Juan Carlos Carpio, as his replaceme ...
Chinese Tankers Resume Hormuz Transit Under Iran Coordination
During President Trump's ongoing state visit to China, he and President Xi Jinping agreed that the Strait of Hormuz must be open for the free flow of energy. They along with their senior officials ...
How the Hormuz Crisis Is Threatening Taiwan’s Power Grid
Taiwan’s LNG problem has turned from a diversification debate into an energy-security test. The island is 99% dependent on imported natural gas, and in 2025 roughly one-third of its 23.6 Mt of LNG imp ...
Permian Gas Glut Means Producers Are Paying Buyers to Haul It Away
The war in Iran has choked natural gas supplies across Europe and Asia, leading to fuel rationing and blackouts, but in the heart of US shale country, the market is swimming in supply. Gas in the Perm ...
Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown
A tanker carrying crude oil to Japan has passed through the Strait of Hormuz, Reuters reported today, citing data from LSEG. This is only the second Japan-bound tanker to make it through the chokepoin ...
Iran Makes Hormuz Passage a Case-by-Case Deal
Two and a half months after the U.S.-Israeli strikes on Iran began, the Islamic Republic is moving closer to selectively controlling tanker flows through the Strait of Hormuz in a sign that access to ...
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset Production Losses
Russia’s oil export revenues have continued to rise despite lower production thanks to high oil prices. According to the International Energy Agency (IEA) monthly market report for May, Russia’s oil e ...
US Crude Oil, Gasoline Inventories Continue to Crash as Iran War Takes Its Toll
Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on Wednes ...
Canada’s Economy Caught Between Oil Windfalls and Trade Wars
A recent Bank of Canada Market Participants Survey has flagged geopolitical and trade tensions as the biggest risks facing the Canadian economy. Leading the downside are geopolitical risks led by the ...
Here’s Why 27 May Is Now Critical For Iraq’s Future And The West’s Middle East P
After more than five months of political cajolery, threats, and infighting since Iraq’s 11 November parliamentary elections – the seventh since Saddam Hussein’s fall in 2003 – an erstwhile obscure bus ...
Zelenskyy Meets Palantir CEO as Ukraine Doubles Down on AI Warfare
Ukrainian President Volodymyr Zelenskyy met with Palantir CEO Alex Karp on Tuesday as Kyiv pushes deeper into artificial intelligence to fight Russia, building on a months-old partnership that is alre ...