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United States Dollar Index Price Forecast: Gains ground above 101.50 amid overbought RSI signals
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of...
RBA’s Hauser: Still have work to do to reduce inflation, which remains far too high
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said that the central bank still has w...
Indian Rupee declines further against US Dollar as hawkish Fed bets remain firm
The Indian Rupee (INR) opens lower, as expected, against the US Dollar (USD) on Wednesday, with the ...
Canada Clears Path for West Coast Oil Pipeline Build
The Canadian government and Alberta have reached a carbon pricing deal that could finally move a long-discussed West Coast oil pipeline from perpetual Canadian debate into actual construction, with a ...
BP Weighs Egyptian Gas Asset Sale in Restructuring Drive
Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil an ...
India Signs LPG and Strategic Oil Reserves Deal with UAE
India on Friday signed a strategic agreement with the United Arab Emirates to receive liquefied petroleum gas from the UAE, as well as a Memorandum of Understanding (MoU) on strategic petroleum reserv ...
Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive
Crude oil prices rallied hard this week as traders focused on the growing supply threat tied to the U.S.-Iran conflict. July WTI crude oil futures settled Thursday at $97.91, gaining $6.79, or 7.45%, ...
The Tiny Island Caught Between Iran, Iraq, China and the U.S.
Gulf shipping, Iraqi trade access, Chinese infrastructure expansion, and US-Iran military escalation are now concentrated around a new, narrow stretch of water near Kuwait’s Bubiyan Island, which is t ...
ADNOC to Double Hormuz-Bypass Export Capacity With New Pipeline in 2027
The Abu Dhabi national oil company ADNOC plans to have a new pipeline operational in 2027 that would double its oil export capacity through Fujairah, which sits outside the Strait of Hormuz. ADNOC pla ...
Brent Heads for 6% Weekly Gain as Trump Loses Patience With Iran
Brent crude was set for a 6% weekly gain as President Donald Trump said his patience with Iran was running out, despite Iran saying 30 vessels had recently cleared the Strait of Hormuz. “I am not goin ...
BLM Expands Oil Leasing Drive with July Auction Plans
The Bureau of Land Management is teeing up another round of federal oil and gas leasing, with 66 parcels across Montana and North Dakota headed for auction in July as Washington continues pushing a no ...
India’s Oil Crisis Deepens as Hormuz Remains Shut
India’s economic pains are intensifying every day that the Strait of Hormuz remains closed. Two and a half months after the Middle East conflict began, one of the highest-performing emerging markets i ...
Who Really Rules Iran Now?
For decades, power in Iran was centralized in the hands of a single man: Supreme Leader Ayatollah Ali Khamenei. But since his killing at the onset of the US-Israeli war with Iran on February 28, decis ...
China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge
China's gasoline demand has dropped since the Iran war upended the global oil markets and is on track to decline more than previously expected this year, due to the higher prices and the continued pus ...
Global Oil Stockpiles Plunge as Iran War Chokes Supply
The West’s international energy watchdog has warned that oil stockpiles were being drained at a record rate last month as the US’s war in Iran continues to choke supply in an “unprecedented” supply sh ...