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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....
Australian Regulator Clears LNG Strike
The Australian Fair Work Commission has denied Inpex a request to stop a strike at the Ichthys facility that would affect production and exports at the 9.2-million-ton facility. According to a Reuters ...
LNG Tanker Heads for Hormuz Amid News of Reopening
A liquefied natural gas tanker has headed for the Strait of Hormuz, following an announcement by President Trump that he had struck a deal with Iran for the reopening of the chokepoint. Itan confirmed ...
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. At the time of writing, Brent crude had ...
Fiji Blocks Controversial Australian-Backed Waste Incinerator Project
Fiji has rejected Australia’s proposal to ship waste to the South Pacific country to burn and produce energy, with Fiji’s ambassador to the UN, Filipo Tarakinikini, saying, “[We] must not become the P ...
Fuel Tax Changes Hit Six States As Energy Inflation Accelerates
Oil markets extended their decline on Friday, with crude prices falling sharply after U.S. President Donald Trump said a peace agreement with Iran was close and canceled previously threatened military ...
A War of Words Sends Brent Crude to a Two-Month Low
Oil prices slid to a two-month low as conflicting signals from Washington and Tehran fueled uncertainty over a potential U.S.-Iran deal, keeping traders on edge throughout a volatile week. Friday, Jun ...
Oil Prices Slide as Traders Bet on Diplomacy
July WTI crude oil futures traded sharply lower through Thursday as traders removed much of the geopolitical premium tied to tensions between the United States and Iran. Through June 11, the contract ...
Oil Prices Tumble 4% on Iran Peace Optimism
Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in Europe, the international benchmark, Brent Crude ...
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 ...
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 ...
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. ...