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US Equity Futures Edge Slightly Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Decline
US equity futures were slightly higher pre-bell Wednesday as technology stocks rebounded after a bro...
Stocks Mostly Up Pre-Bell Ahead of Micron's Latest Financial Results
US stock futures were mostly trending higher on Wednesday as markets looked to recover from the prev...
Tech stocks rebound ahead of Micron Q3 earnings results
Nasdaq 100 futures rose 0.5% in premarket trade after a two-day semiconductor selloff, with oil also...
Chevron Sells Singapore Refinery Stake to Eneos
Chevron struck a deal with Eneos to sell it its 50% interest in Singapore Refining Company. The Japanese energy major will pay close to $2.2 billion for the stake, media reported. As part of the deal, ...
The Pentagon Has Less Than 8 Months to Break China’s Rare Earth Grip
China moved this week to take tighter control of its rare earths producers amid an escalating tit-for-tat battle with Washington over everything from tariffs and semiconductor warfare to pressure over ...
StanChart Warns Physical Oil Premium Collapse May Be Temporary
Over the past couple of months, physical oil cargo premiums have surged as markets reacted to the threat of physical supply disruption, forcing buyers to pay significantly higher prices for guaranteed ...
Big Oil Reconsiders Previously Unattractive Destinations
The Middle Eastern crisis has prompted a reprioritization among international oil companies. Previously unattractive drilling destinations are suddenly looking quite attractive—even Alaska. The oldest ...
AI Is Being Used to Fix Its Own Energy Problem
Researchers are increasingly employing artificial intelligence to help them solve some of the biggest challenges facing the energy sector – including, ironically enough, the massive spike in energy de ...
Iran Makes Hormuz Passage a Case-by-Case Deal
Two and a half months after the U.S.-Israeli strikes on Iran began, the Islamic Republic is moving closer to selectively controlling tanker flows through the Strait of Hormuz in a sign that access to ...
China’s Invisible Hand Is Distorting Global Oil Markets
For two decades, OPEC ministers, Wall Street analysts, and oil traders have been speaking about the global crude market as if traditional rules still apply. OPEC’s kingpin, Saudi Arabia, is still seen ...
Middle East War Threatens Renewable Energy Rollout
War in the Middle East has reshaped near-term energy market expectations, with direct implications for hydrocarbon supply affecting power sectors across liquified natural gas (LNG) imports, oil import ...
Saudi Aramco Looks to Raise $10 Billion from Real Estate Asset Deal
Saudi Arabia's oil giant Aramco expects to raise at least $10 billion from a potential sale and leaseback deal for its real estate assets, including its Dhahran Camp residential community in the Easte ...
The Fuel Shortage That Could Reshape Global Trade
The war with Iran is not going well. It is difficult to supply US troops with adequate food and other necessities. With summer arriving soon, the region will soon be an even more inhospitable place fo ...
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset Production Losses
Russia’s oil export revenues have continued to rise despite lower production thanks to high oil prices. According to the International Energy Agency (IEA) monthly market report for May, Russia’s oil e ...
US Crude Oil, Gasoline Inventories Continue to Crash as Iran War Takes Its Toll
Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on Wednes ...