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BoJ to consider raising interest rates in September – Jiji Press
According to the Jiji Press, the Bank of Japan (BoJ) may consider an additional interest rate increa...
Why Nasdaq, S&P 500, Dow Futures Are Trading Mixed Overnight Ahead Of Inflation Data
U.S. President Donald Trump said on Monday that he would seek compensation from Iran as part of any ...
Euro flat lines near mid-1.1500s vs USD as traders await US CPI amid Iran uncertainty
The EUR/USD pair struggles to gain any meaningful traction and holds steady around the 1.1545-1.1550...
India Receives First Post-Deal LNG Cargo Through Strait Of Hormuz
India on Friday received the first LNG tanker that had passed through the Strait of Hormuz since the U.S. and Iran announced a deal this past weekend. The LNG carrier Disha, flying the flag of Malta, ...
Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil
August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between ...
Libya Draws Oil Majors Back in First Licensing Round in 17 Years
Libya is back on the radar of the world’s largest oil companies, and Washington is trying to turn a fragile military thaw into a new source of crude supply. Libya’s National Oil Corporation has formal ...
India Orders Major Strategic Oil Reserve Expansion After Supply Crisis
India’s government has asked state-owned Oil and Natural Gas Corp (ONGC) to build and fill a new site for strategic petroleum reserves, with an estimated investment of $1.6 billion, local outlet the E ...
Philippines Seeks Long-Term Oil Supply Deal With Russia
The Philippines is looking to formalize a deal to buy oil from Russia on a more permanent basis amid the energy crisis and heightened geopolitical tensions, Philippines President Ferdinand R. Marcos J ...
India Isn’t Rushing Back to Middle Eastern Oil Despite Hormuz Reopening
Indian refiners have enough crude to last them two months, so they will not be scrambling to buy Middle Eastern cargoes expected to be coming out through the reopened Strait of Hormuz anytime soon. Ac ...
Oil Prices Rebound as U.S.-Iran Peace Talks Are Postponed
Oil prices began to climb once again in early Asian trade on Friday due to uncertainty over the outcome of peace talks between the United States and Iran after Switzerland confirmed the talks had been ...
80 Million Barrels of Crude Are Lined Up to Exit the Strait of Hormuz
Tankers carrying a total of 80 million barrels of crude are preparing to move through the Strait of Hormuz after the signing of the preliminary deal between the United States and Iran, Bloomberg repor ...
Europe Has Entered The Nuclear Golden Age Amid AI Boom
Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, c ...
First Oil Sands Project in 10 Years Starts Production
The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petro ...
Court Ruling Deals Major Blow to Trump's War on Wind Power
Donald Trump has been battling wind turbines in the court of public opinion and in actual court for over a decade now. Trump has railed about “windmills” repeatedly over the course of his presidential ...
Germany Considers Extending Oil Reserve Relief Despite Falling Prices
Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the curren ...