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Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil traders have remained largely bearish on the commodity, betting on a quick peace deal—and they might ge ...
Russia’s Labor Shortage Worsens as Central Asian Workers Stay Away
The bad economic news keeps coming for the Russian economy. An analysis of Russian government data by the business daily Vedomosti shows that the influx of Central Asian labor migrants to Russia fell ...
Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027
Citi has raised its third-quarter Brent crude forecast to $80 per barrel from $75 as the U.S.-Iran war drags on and repeated attempts at a deal fail to restore normal oil flows through the Strait of H ...
Norway’s $2.3-Trillion Fund Opposes SEC Idea to Rescind Climate Reporting
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, does not support the U.S. Securities and Exchange Commission’s (SEC) proposal to scrap requirements fo ...
ADNOC Reports 15 Vessel Attacks as Hormuz Risks Mount
Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as the company tries to keep crude, gas and refined products moving through the S ...
Ukraine Faces a Growing Air Defense Crisis as Patriot Supplies Dwindle
Ukraine's failure to intercept a single Russian missile during a large-scale overnight attack this week has raised fresh concerns over Kyiv's dwindling supply of air-defense interceptors as Moscow esc ...
Saudi Arabia, Pakistan and Turkey to Sign Defense Deal
Saudi Arabia, Pakistan, and Turkey are expected to sign on Friday a joint defense cooperation agreement amid the Middle East’s turmoil triggered by the war in Iran, Reuters reports, citing sources fam ...
Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough
September WTI crude oil futures are trading at $78.08 early Friday, down $8.72, or 10.05%, for the week. The market opened at $80.10, traded as high as $82.33, and fell to $74.24. With Friday’s sessio ...
India's Crude Oil Output Falls for Third Straight Year
India’s crude oil production fell for the third consecutive financial year in 2025/2026, the government said as it launches a push to boost offshore oil and gas exploration. India’s crude output fell ...
Shipping Through Hormuz Drops Sharply as Tensions Rise
Vessel traffic through the Strait of Hormuz has declined this week from the prior week amid uncertainty about the U.S.-Iran talks and the potential reopening of the Middle East’s key oil and LNG choke ...
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the Septe ...
Weak Energy Demand May Signal a Much Bigger Economic Problem
With the recent closure of the Strait of Hormuz, many expected oil prices to spike and stay high. Instead, they have barely budged. The latest spike in prices is a mini spike. If these oil prices were ...