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Gold edges lower to near $4,400 as Iran-US tensions counter support from tame US inflation
Gold price (XAU/USD) declines to around $4,400 during the early Asian session on Thursday, pressured...
Ukrainian Attack Halts Operations at Key Russian Black Sea Grain Terminals
Did President Zelensky and the Ukrainian armed forces not listen to US Vice President JD Vance's war...
Australian Dollar pulls back as inflation expectations loom
The Aussie Dollar ended Wednesday’s session with losses against the Greenback as US inflation data m...
Brent Tops $100 as Houthi Attacks Push Oil Rally Into Triple Digits
Brent crude has broken back above $100 a barrel for the first time in nearly two months as escalating attacks on commercial shipping in the Red Sea deepen concerns that the Middle East supply crisis i ...
Greece Exposes the Limits of Europe's Russia Energy Sanctions
The last EU agreement about the latest sanctions package against Russia is being presented by Brussels as another demonstration of European unity and determination to sustain economic pressure on the ...
India’s Fuel Exports Set to Soar in July as Refining Margins Jump
India is on track to export the highest volume of refined petroleum products in months as refining margins have jumped with the re-escalation of the Middle East conflict. India is estimated to ship as ...
U.S. and Ukraine Sign Landmark Drone Cooperation Agreement
Ukraine and the United States have signed a bilateral statement of intent that lays the groundwork for an unprecedented defense partnership, allowing Ukrainian combat drones to be exported to the Unit ...
LNG Importers Seek Lower Qatar and UAE Prices as War Upends Deals
The war in the Middle East has diminished the negotiating power that key regional LNG exporters Qatar and the United Arab Emirates (UAE) have enjoyed for years. Importers of LNG from Europe to Asia pl ...
U.S. Refinery Utilization Hits 96.2% as Fuel Markets Tighten Worldwide
U.S. refinery utilization has been near-capacity for weeks, with American fuel exports jumping to record high levels amid tight global fuel markets in the wake of the Iran war and the closure of the S ...
Chinese Tankers Push Through Bab el-Mandeb Despite Houthi Blockade Threats
Two China-owned and operated tankers loaded with Saudi crude continued on Thursday to travel in the Red Sea toward the Bab el-Mandeb Strait despite the overnight Houthi attacks on Saudi vessels, ship- ...
TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings
TotalEnergies’ (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash fl ...
Oil Prices Climb Toward $100 as Red Sea Risks Rise
Oil prices rose for the fifth consecutive day early on Thursday, topping $98 per barrel to the highest level in nearly two months, as Houthi attacks on tankers on the Red Sea route intensified concern ...
EU Concedes to Greek LNG Demand in Russian Sanctions Row
The European Union will exempt Greek Dynagas from the latest sanctions package for Russia after pressure from the Greek government, which said the package would harm the country’s economy. The package ...
India’s Solar Manufacturing Push Backfires as Panel Factories Shut Down
India ran into an obstacle in its ambitions to boost solar generation as local factories began to shut down because of component shortages, Reuters reported today, citing unnamed industry sources. The ...
Two Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea Shipping
At least two tankers have turned away from the Bab el-Mandeb Strait after Yemen’s Houthis said they have struck two Saudi tankers in the chokepoint in the latest Middle East war escalation, saying the ...