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Global tech sell-off deepens as Asian markets tumble
AI-related stocks in South Korea and Japan suffer after Wall Street falls on hot US inflation...
KOSPI Opens 7% Down After Hot US CPI and AI Doubts Grow
South Korea's KOSPI opened sharply lower and slid 7% after hot US inflation data and AI doubts, exte...
U.S. stock futures fall as hot inflation revives Fed hike concerns
S&P 500 Futures inched 0.3% lower to 7,747.50 points, while Nasdaq 100 Futures fell 0.8% to 29,943.0...
Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Ira ...
Why Have China and Russia Just Stepped Out Of The Shadows In The U.S.-Iran War?
As with all wars, particularly in the world’s main oil and gas repository of the Middle East, the U.S./Israel-Iran conflict has long threatened to widen out to include other interested parties aside f ...
Georgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan Oil
Georgia’s only oil refinery has begun replacing Russian crude with supplies from Kazakhstan and Libya as owner Black Sea Petroleum races to avoid European Union sanctions that will go into effect in J ...
Trump's Iran Reversal Sends European Gas Prices Tumbling
European natural gas prices plunged at opening on Monday after U.S. President Donald Trump said he had called off a planned attack on Iranian energy sites and talks on a deal would begin this week. Eu ...
Seven Months After Maduro's Fall, Big Oil Still Won't Commit To Venezuela
Venezuela's long-awaited oil revival has been slower than many in Washington anticipated, according to the Wall Street Journal. Seven months after Nicolás Maduro's removal, negotiations between the in ...
Dark Tanker Transits Surge at Bab el-Mandeb as Houthi Threat Persists
The Houthi threat to shipments of Saudi crude oil from the Red Sea hasn’t abated and more tankers laden with Saudi oil appeared to have made the transit through the Bab el-Mandeb chokepoint in dark mo ...
How the Iran War Will Determine Britain's Economic Growth
The Iran war could “halt growth” in the UK economy as the success of Andy Burnham and John Healey’s economic management largely hinges on President Trump’s decision-making, a City firm has warned. Bi ...
Indian Oil Subsidiary CPCL Plans 280,000 Bpd Manali Refinery
Indian refiner Chennai Petroleum Corporation Limited plans to boost the crude oil refining capacity at its Manali refinery by a third to 280,000 barrels per day (bpd), the refiner said in its 2025/202 ...
Australian Regulator Wants Tougher Pollution Rules for Darwin LNG Plants
Two of Australia's biggest LNG projects led by Santos and Inpex could face stricter environmental and pollution reporting rules after the Northern Territory Environment Protection Authority (NT EPA) r ...
India’s Imports of Russian Crude Hit New High in July
India keeps buying a lot of Russian oil, with July imports hitting a new all-time high and accounting for more than half of total Indian crude oil imports. India’s crude oil imports from Russia rose t ...
BP Completes Sale of German Refinery as Portfolio Overhaul Accelerates
BP has completed the sale of its refinery in Gelsenkirchen, Germany, to Klesch Group, as the UK supermajor continues to streamline its business and high-grade its portfolio under CEO Meg O’Neill. The ...
Kuwait Oil Production Surges as OPEC+ Completes Output Cut Reversal
Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That was up from 1.65 million barrels daily in June, the report noted, which in turn was ...