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Pound Sterling Price News and Forecast: GBP/USD remains weaker as UK-US yields narrow
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian ho...
British Pound remains weaker as UK-US yields narrow, US Dollar strengthens
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian ho...
Norway Lobbies to Persuade EU to Drop Arctic Drilling Ban
Norway, Western Europe's top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas drilling. Norway, which i ...
Trump’s Iran Ceasefire Plan Faces Resistance From Israel Hawks
Trump is now openly using normalization with Israel as leverage in Iran negotiations, putting the 2020 Abraham Accords back in the spotlight. But today, the region doesn’t look the same as it did six ...
Ceasefire Talks Trigger Massive Selloff in Crude Futures
July WTI crude oil suffered its largest weekly decline in months as traders aggressively removed geopolitical risk premium from the market on growing hopes that diplomacy between Washington and Tehran ...
Bolivia’s Austerity Shock Triggers Nationwide Revolt
Politics, Geopolitics & Conflict Austerity measures in Bolivia have gone too far, too fast, putting the president’s political longevity in question. Bolivian President Rodrigo Paz, who came into offic ...
Saudi Arabia Expected to Slash Oil Prices Again
Saudi Arabia is expected to slash again the official selling prices of the crude it will load for Asia in July amid weakening demand and narrowing spot Middle East crude premiums, a Reuters survey of ...
China’s Export Prices Jump as Oil Shock Hits Factory Costs
China’s export prices saw their biggest gain in three years in April as the oil price surge filtered through the goods manufactured in the world’s biggest exporter of goods. Chinese export prices jump ...
Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase
Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to the western Canadian coast, Bloomberg has reported, seeking takers for 72,000 barrels dail ...
U.S. Extends Deadline for Sale of Lukoil’s Global Assets Again
The U.S. federal government has extended the deadline for talks between Lukoil and potential buyers of its foreign business by another month, until June 27, suggesting the forced divestment process is ...
Mitsui Eyes Global LNG Deals to Power the AI Data Center Boom
Japanese commodities major Mitsui is looking for investment opportunities in liquefied natural gas to secure the long-term supply of electricity for the booming data center industry. The company will ...
U.S. Crude Exports Surge To All-Time Highs Amid SPR Releases
Oil prices have pulled back sharply from recent highs, suggesting that the market was optimistically pricing in at least a partial reopening of the Strait of Hormuz and an eventual normalization, foll ...
U.S. Turns Cold War Plutonium Into Nuclear Fuel
The federal U.S. government has turned to plutonium from the Cold War era as an alternative to uranium in nuclear power generation, as supply of the default nuclear fuel runs short of demand. Washingt ...
Summer Heatwaves May Deepen the Global LNG Crunch
The global gas market, which has been reeling from the sudden loss of 20% of daily LNG supply, is poised to tighten even further in the coming months as higher-than-expected summer temperatures and th ...