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Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries
(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraph...
Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively t...
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in Augus...
Venezuela’s Debt Overhaul Faces New Controversy
When the US removed Nicolás Maduro from power in Venezuela, the expectation was collapse. It has not come. The removal of a long-serving head of state is almost always followed by economic chaos. Foll ...
Central Banks Bought Less Gold in 2025 But It Still Hit a 45 Year High
Gold saw a significant price rally over the course of 2025, after geopolitical uncertainty and heightened central bank buying drove more people to the safe haven asset. Gold prices rallied 44 per cent ...
Dangote Breaks Ground on 700,000-Bpd Second Crude Processing Unit
Africa's biggest refinery is getting bigger. Nigeria's Dangote refinery has started work on a second crude processing unit that will add another 700,000 barrels per day (bpd) of capacity, putting the ...
KEPCO Wins $1.4-Billion power Project for $100-Billion Saudi Jafurah Field
South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to build and operate Phase 2 of Saudi Arabia’s Jafurah cogeneration power pla ...
America's Rare Earth Reckoning Could Create a New Strategic Powerhouse
As the Pentagon’s 2027 ban on Chinese-origin rare earth materials moves closer, REalloys (NASDAQ: ALOY) is locking down exclusive control of the biggest heavy rare earth metallization systems outside ...
Why America’s Gas Power Boom Could End in Disaster
There are over 100 new gas fired power stations under construction in the US. The US Energy Information Administration (EIA) projects that domestic gas demand will rise 6% next year as some of those ...
Russia Admits Oil Output Is Falling as Ukrainian Drone Strikes Hits Refineries
Russia's crude oil production has declined since the beginning of the year as a number of local refineries are under unscheduled repairs and maintenance, Russia's Deputy Prime Minister Alexander Novak ...
U.S. Lawmakers Push New Ukraine Aid and Russia Sanctions
The US House of Representatives voted on June 3 to advance legislation providing new military assistance to Ukraine, overcoming opposition from the administration and marking the first major Ukraine s ...
South Korea Boosts Jet Fuel Exports to Nine-Month High
South Korea’s refiners have increased processing rates and jet fuel exports as crude imports into the Asian country recover and wide open arbitrage encourages shipments to the U.S. West Coast, analyst ...
Iran Says 'No Tangible Progress' in Talks with U.S.
Iran has signaled that there has been “no tangible progress” in the talks with the U.S. on a potential deal while the Israel-Lebanon ceasefire announced by the United States overnight appears shaky. “ ...
Iranian, Russian Crude Premiums Slide as China Pulls Back on Imports
Weak demand from Iran’s top crude buyer, China, has dragged Iranian flagship oil prices into discounts to ICE Brent for the first time in two months, trade sources told Reuters on Thursday. Demand for ...
India’s Nayara Completes Maintenance at 400,000-Bpd Refinery
India’s Nayara Energy, which processes Russian oil, has completed a planned turnaround of its 400,000-barrels-per-day refinery at Vadinar, the Indian refiner said on Thursday. Nayara Energy, in which ...