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US Equity Futures Edge Slightly Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Decline
US equity futures were slightly higher pre-bell Wednesday as technology stocks rebounded after a bro...
Stocks Mostly Up Pre-Bell Ahead of Micron's Latest Financial Results
US stock futures were mostly trending higher on Wednesday as markets looked to recover from the prev...
Tech stocks rebound ahead of Micron Q3 earnings results
Nasdaq 100 futures rose 0.5% in premarket trade after a two-day semiconductor selloff, with oil also...
US Crude Oil Inventories in Freefall: EIA
Crude oil inventories in the United States decreased by 8.0 million barrels during the week ending May 29, according to new data from the U.S. Energy Information Administration (EIA) released on Wedne ...
South Korea Locks In Canadian Crude, LNG in Sweeping Supply Overhaul
South Korea will triple its crude imports from Canada this year and boost LNG purchases from Canadian export projects in the coming years as the Asian economy looks to diversify energy supply amid the ...
Deadly Russian Strikes Across Ukraine Renew Calls for More Air Defenses
Despite more than four years of full-scale war and repeated attacks on civilian infrastructure, Ukrainians were shocked by the intensity of the latest Russian missile and drone barrage overnight that ...
Iraq Looks to Triple Pipeline Oil Exports as Hormuz Remains Closed
Iraq plans to triple within three months its exports of crude oil through Kurdistan to the Turkish Mediterranean port of Ceyhan as OPEC’s second-largest producer is one of the Middle East’s producers ...
Rubio Says U.S. Wants to End Russian Oil Waivers “As Soon as Possible”
The Trump Administration would like to end the sanction waivers allowing sales of Russian oil as soon as possible, although the decision rests with the U.S. Department of the Treasury, Secretary of St ...
BlackRock-Backed Atlas Renewable Freezes $1 Billion in Brazil Solar Projects
High curtailment rates and the national grid operator frequently rejecting renewable power have prompted BlackRock-backed Atlas Renewable Energy, one of the biggest solar power producers in South Amer ...
Iranian Strike On Kuwait Airport Raises Stakes For Gulf States
Iranian drones and missiles struck Kuwait International Airport overnight, hitting Terminal One, killing at least one person, injuring several others, and causing what Kuwaiti authorities described as ...
Supply Shock to Slash India’s Oil Demand Growth to Pandemic Low
Analysts have slashed their estimates of India’s oil demand growth this year, with the consumption uptick to be the weakest since the Covid pandemic as the supply crunch and higher fuel prices slow ga ...
Japan Commits $19.4 Billion to Fighting Its Energy Crisis
Japan will spend an additional $19.4 billion to cushion the inflation blow to Japanese households resulting from the oil and gas export flow disruption in the Middle East. The package, approved by Pri ...
Australian LNG Strike Begins to Disrupt Cargo Loadings at Ichthys
Industrial action at the Ichthys LNG project offshore Australia has started to affect loadings, with Reuters reporting that one tanker has been delayed as a result of the limited strike. The strike, l ...
Goldman Sachs CEO Warns Oil Shock Could Alter Consumer Behavior
Tightening crude oil supply will lead to consumer behavior changes in the second half of the year as the imbalance with demand pushes inflation higher, the chief executive of Goldman Sachs has warned. ...
Oil Prices Climb as U.S. Strikes Tanker and Downs Iranian Drones
Oil prices rose in early Asian trade on Wednesday after yet another escalation in the Middle East, with Iran firing missiles at Kuwait and Bahrain, and the U.S. firing on and disabling an oil tanker h ...