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Dow Jones Futures: Cisco, Coherent Are Earnings Movers Late After Nebius, Lumentum, CoreWeave Lead AI Rally
AI stocks led the market Wednesday, fueled by Nebius, Lumentum, CoreWeave and Super Micro. Cisco and...
US stocks mostly up after data shows slightly lower inflation in July
Wall Street stocks mostly gained following slightly better US consumer pricing data but an uptick in...
Iran War Escalation Threatens Global Fuel Supply Recovery
Asian refiners that had bet on a flood of crude supply from the Middle East in August are now faced with potential delays in deliveries amid the re-escalation of hostilities, which could thwart their ...
Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount
Pakistan’s refiners are inquiring traders about potential crude oil supply from the U.S., Nigeria, Singapore, and central Asia, amid the escalating crisis in the Middle East that threatens supply from ...
Oil Jumps Nearly 4% as Houthis Threaten Red Sea Blockade
Oil prices jumped by nearly 4% early on Wednesday as concerns about crude supply from the Middle East intensify with threats to shipping at both chokepoints in the region, the Strait of Hormuz and the ...
Japan’s Power Prices Soar to 3.5-Year High
Japan’s day-ahead spot electricity prices surged on Wednesday to the highest level in three and a half years as soaring fuel costs, heat waves, and a weakening Japanese currency have combined to push ...
Equinor Profit Soars 93% as Oil and Gas Price Spike Fuels Windfall
Equinor (EQNR:NYSE) saw a 93% jump in its second-quarter profit from a year earlier as oil and gas prices soared during the Middle East crisis and delivered windfall earnings to the biggest energy fir ...
Surging Oil Prices Push Japan’s Import Bill to an Unprecedented High
Surging oil prices have led to a significant increase in Japan’s import bill, hitting an all-time high last month of $89.46 billion, Reuters has reported, citing government data. The June total was 25 ...
Oil Prices Climb as U.S.-Iran Conflict Shows No Signs of Slowing
Oil prices continued to climb in early Asian trade on Wednesday as the renewed hostilities between the United States and Iran showed no signs of slowing. At the time of writing, Brent crude was tradi ...
China's Next Move Could Decide Where Oil Prices Go This Year
China’s demand for crude oil imports and the pace of its refined products exports will help shape the trend in oil prices through the end of the year, alongside the supply disruptions in the Middle Ea ...
Fossil Fuels Still Generate 57% of the World's Electricity
When the Energy Institute reported in its Statistical Review of World Energy that the global grid is still ruled by hydrocarbons, it may have come as a surprise to some observers. Now, another report ...
US Crude Oil Inventories Build As Hormuz Shipping Headache Drags On
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.603 million barrels in the week ending July 17. In the week prior, US crude oil inventories f ...
Energy IPOs Are Booming Thanks to AI’s Insatiable Thirst for Power
The artificial intelligence boom has created an era of unprecedented uncertainty in the global economy. Large language models are evolving as quickly as they are being integrated, creating a major hea ...
Norway's Oil Output Beats Forecasts as Hormuz Traffic Stays Near Crisis Lows
Norway's crude oil production beat official forecasts in June as offshore fields returned from seasonal maintenance, delivering a stronger-than-expected increase in supply at a time when global market ...