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Stock Market Today: Dow Steady After Tech Sell-Off; FedEx Dives On Earnings (Live Coverage)
Stock Market Today: The Dow Jones index held steady Wednesday after Tuesday's tech sell-off. FedEx d...
Mexico 1st half-month Core Inflation came in at 0.19% below forecasts (0.2%) in June
Mexico 1st half-month Core Inflation came in at 0.19% below forecasts (0.2%) in June...
Mexico 1st half-month Inflation came in at -0.11%, below expectations (0.1%) in June
Mexico 1st half-month Inflation came in at -0.11%, below expectations (0.1%) in June...
Russia’s Oil Windfall Gets Bigger as Hormuz Stays Shut
Russia just found itself on the right side of the oil shock. As the Iran war continues to choke flows through the Strait of Hormuz and scramble global crude markets, Moscow’s flagship Urals blend is e ...
Who Really Rules Iran Now?
For decades, power in Iran was centralized in the hands of a single man: Supreme Leader Ayatollah Ali Khamenei. But since his killing at the onset of the US-Israeli war with Iran on February 28, decis ...
China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge
China's gasoline demand has dropped since the Iran war upended the global oil markets and is on track to decline more than previously expected this year, due to the higher prices and the continued pus ...
Permian Gas Glut Means Producers Are Paying Buyers to Haul It Away
The war in Iran has choked natural gas supplies across Europe and Asia, leading to fuel rationing and blackouts, but in the heart of US shale country, the market is swimming in supply. Gas in the Perm ...
Sinopec Opens Major Ultra-Deep Shale Gas Play in China
Chinese state oil giant Sinopec is opening a major ultra-deep shale gas find after obtaining official government approval for proven geological reserves of 235.687 billion cubic meters in the Ziyang D ...
Global Oil Stockpiles Plunge as Iran War Chokes Supply
The West’s international energy watchdog has warned that oil stockpiles were being drained at a record rate last month as the US’s war in Iran continues to choke supply in an “unprecedented” supply sh ...
China Still Cautious on Fuel Shipments Despite Eased Export Rules
Despite the easing of the Chinese restrictions on fuel exports, shipments so far in May have been nearly half the volumes from before the Iran war, the Financial Times reports, citing data from Kpler. ...
India's Wholesale Inflation Hits 3.5-Year High as Fuel Costs Surge 25%
Soaring energy costs sent India's wholesale inflation surging in April to the highest level in three and a half years and well above analyst estimates, as the worst oil supply shock in history is taki ...
Two India-Bound LPG Tankers Clear Hormuz in Dark Mode
Two tankers carrying liquefied petroleum gas (LPG), the key cooking fuel in India, appear to have made the Strait of Hormuz transit with transponders off on part of the route as dark activity rises am ...
India Pushes U.S. to Extend Russian Oil Waiver as Imports Hit Record High
The world’s third-largest crude importer, India, has asked the United States to extend its waiver on sales of Russian oil already loaded on tankers beyond the current waiver expiry date, May 16, sourc ...
Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers
Iran’s dark fleet vessels have been increasingly engaged in ship-to-ship transfers just outside Malaysian waters, exploiting gaps in jurisdiction and enforcement rules to continue shipping oil to Chin ...
Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen
Cuba has run out of fuel oil and diesel, with only a limited supply of gas left, the BBC reported today, citing the country’s energy minister, who said Cuba’s energy system was in critical condition. ...