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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 ...
Gold rallies as mediocre US NFP crushes Fed rate hike bets
Gold (XAU/USD) skyrockets on Friday, gaining over 2.30% in the day and more than 7% in the week afte...
Oil Prices Surge 6% Even as Tankers Push Through Hormuz
Thin tanker traffic through the Strait of Hormuz continued early on Wednesday despite the fresh flare-up in the Middle East, but more vessels appear to be reconsidering moving toward the chokepoint af ...
Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation
The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf. At least four oil and LN ...
Oil Prices Jump After Iran Attacks Commercial Vessels
Crude oil prices moved higher today, extending gains from earlier this week after the United States and Iran exchanged military strikes again, following Iran’s attacks on three vessels off the Omani c ...
Big Oil's Windfall Earnings Threaten to Reignite Trump's Price-Gouging Push
Chevron and Exxon are expected to report their best quarter since 2022 this month, as the war that the United States and Israel started against Iran on February 28 drove much tighter oil and gas suppl ...
Kazakhstan Bets on Iran Port Despite Regional Tensions
Despite lingering tension between the United States and Iran, Kazakhstan is planning to build a terminal at the Iranian port of Bandar Abbas to facilitate exports. In comments made before a joint sess ...
Super El Niño Could Push Colombia Into an Energy Crisis
Scientists predict 2026 will bring a devastating Super El Niño weather event, with rising temperatures and economically damaging droughts expected. There are fears the climate pattern will hit Colombi ...
Ugandan Farmers Sue to Block $5 Billion East Africa Oil Pipeline
A group of Ugandan farmers on Tuesday filed a case in the UK High Court against the developer of a $5-billion oil pipeline in East Africa, seeking to stop the nearly completed project on environmental ...
UAE Pumps 3.8 Million Bpd, Defying OPEC+ Quotas
The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two ...
UAE Oil Output Climbs After Leaving OPEC
The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two ...
Germany Plans $1.7 Billion Strategic Natural Gas Reserve
Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe’s biggest economy said on Tuesday. Earlier today, Reut ...
ADNOC Signs 15-Year LNG Supply Deal With Japan’s Inpex
Abu Dhabi’s national oil company ADNOC on Tuesday signed a 15-year long-term deal to supply gas from the UAE’s Ruwais LNG project to Japanese firm Inpex starting from 2028. Under the deal, Inpex, Japa ...
Middle East Conflict Clouds LNG Outlook as Global Trade Hits Record High
The Middle East conflict has made forecasting LNG market trends more difficult as infrastructure was hit and price volatility has exposed buyers to new challenges, according to the International Gas U ...