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Gold draws support from retreating USD; holds above $4,150 as traders await US CPI report
Gold (XAU/USD) ticks higher during the Asian session on Wednesday, holding above $4,150 as traders n...
EUR/USD Price Forecast: Gains ground near 1.1150, US CPI awaited
The Euro (EUR) extends its Tuesday’s strong recovery move to near 1.1210 against the US Dollar (USD)...
Gasoline in Australia Jumps to Highest Level Since March
Fuel prices in Australia hit last week the highest level since March as the hostilities in the Middle East drove international crude oil prices to the highest in two months. Australia’s nationwide gas ...
Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium
Irish energy distributor DCC Energy has agreed to be taken over by a consortium led by private equity heavyweight KKR and Energy Capital Partners. The deal values the company at close to $7.7 billion ...
Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats
Tanker traffic through the Bab el-Mandeb Strait slumped to a multi-month low on Sunday amid Houthi attacks on Saudi oil infrastructure on the Red Sea coast. Only 11 tankers carrying commodities transi ...
European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions Ease
European natural gas prices plunged by 8.6% at the open in Amsterdam on Monday as the United States paused strikes on Iran over the weekend and Tehran signaled a halt to retaliatory attacks across the ...
Japan Eyes Foreign Banks to Back $33 Billion U.S. Natural Gas Investment
The Japanese government may approach foreign banks to help finance pledged investments in U.S. natural gas production that are part of Tokyo’s trade deal with the Trump administration, agreed last yea ...
China’s Crude Oil Imports Surge
China is likely to have increased its crude oil imports this month, with the daily average at 7.8 million barrels, according to calculations by Kpler, as cited by Bloomberg. Refiners have been buying ...
Oil Prices Plunge 5% After U.S. and Iran Halt Attacks
Oil prices plunged by more than 5% in early Asian trade on Monday as the U.S. and Iran halted attacks after two weeks of escalation that had driven Brent above $100. At the time of writing, WTI crude ...
China’s Rare Earth Strategy Is Forcing a U.S. Manufacturing Revolution
Beijing is now desperately attempting to bring rare earth manufacturing back inside its own borders, exclusively. New Chinese export restrictions specifically target American plans to begin the countr ...
Standard Chartered: Oil Markets Must Now Price Two Middle East Chokepoints
Oil prices gave up earlier gains on Friday after reports that Pakistan is trying to broker a return to U.S.-Iran nuclear negotiations. China is strongly backing the effort as the conflict and the clos ...
U.S. Jet Fuel Costs Soar as Iran War Hits Airlines Again
U.S. airlines are grappling with soaring jet fuel costs again after the return of hostilities in the Middle East shattered the three-week-long U.S.-Iran ‘deal to make a deal’ and sent Brent crude oil ...
Argentina’s Oil Production Soars as Vaca Muerta Breaks New Records
Argentina’s massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for ...
Molten Salt Reactors Just Cleared A Major U.S. Regulatory Hurdle
domestic nuclear energy sector is set to bounce back as the technology finds favor among the public and policymakers alike for its ability to provide round-the-clock clean energy. At a time when data ...