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Pound Sterling Price News and Forecast: GBP/USD holds near 1.3500 as US CPI, UK GDP loom
The Pound Sterling (GBP) holds firm against the US Dollar (USD) on Tuesday following the release of ...
Will failure in Iran reshape how the US fights?
Veterans and voters have punished past administrations for costly wars, but these days many American...
Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up
Arctic Express, a newly flagged Russian LNG tanker, has picked up a cargo of liquefied natural gas from a floating storage facility used by Arctic LNG 2 project, marking the latest addition to Russia ...
ING: Oil Prices Have Overshot To The Downside
Global oil prices have collapsed back to pre-war levels, trading down near $70 per barrel, with a potential peace deal between the U.S. and Iran helping calm global markets and prompting the removal o ...
Canada Sees an Opening in China’s Latest Trade Squeeze on Japan
China widened its trade dragnet on Japan Monday, adding 20 more entities, including units of Mitsubishi Electric, Mitsubishi Heavy Industries and Komatsu, to its export control blacklist. The timing u ...
Is Libya Quietly Becoming the Biggest Oil Prize the West Can’t Afford to Ignore?
At around the same time as OPEC raised its long-term oil demand forecast for the third consecutive year — now expecting global consumption to rise 19 million barrels per day (bpd), or 18%, by 2050 — L ...
Russia's Fuel Crisis Deepens as Putin Acknowledges Growing Gasoline Shortages
Russian President Vladimir Putin acknowledged what outside experts, many regional officials, and everyday citizens have already noticed: Russia is facing energy shortages, causing major problems for c ...
Pakistan Plans to Boost LPG Imports and Mulls Cheaper Oil Supply from Iran
Pakistan will raise its imports of liquefied petroleum gas (LPG) from Iran and considers the idea of importing cheaper crude oil from the Islamic Republic, Pakistani Minister of Petroleum, Ali Pervaiz ...
Halliburton, Valero and 3 More Stocks Set Up for a Fragile Hormuz Truce
Brent crude has fallen more than 20% in the past month, sliding from triple digits during the worst of the Iran war to around $72 a barrel today. WTI sits near $70. That kind of move usually means one ...
Gulf Producers Race to Load Oil and LNG as Hormuz Stays Open
Saudi Arabia, the United Arab Emirates, and Qatar continue loading oil and LNG onto vessels at their Persian Gulf ports despite the attacks on two commercial vessels near the Strait of Hormuz and the ...
Trump Signals Diplomatic Opening After Days of U.S.-Iran Strikes
After some persistent Sunday reports, including in The Wall Street Journal, said that last week's renewed tit-for-tat fighting between the US and Iran in the Strait of Hormuz had 'stalled' the next ro ...
Pakistan LNG Seeks Emergency Cargo After Weekend Hormuz Flare-Up
Pakistan’s state LNG importer is urgently seeking to procure an LNG cargo for delivery this week, with offers due on June 29, as traffic through the Strait of Hormuz remains volatile amid persistent t ...
Strait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran Strikes
Tanker traffic through the Strait of Hormuz has eased since late last week as vessel owners and operators remain cautious amid the renewed hostilities between Iran and the United States this weekend. ...
Oil Prices Climb as U.S.-Iran Flare-Up Shakes Market Complacency
Oil prices were climbing early on Monday morning after a fresh escalation between the U.S. and Iran over the weekend. The price rise was relatively delayed, as markets continue to price in a potential ...