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Gold edges lower to near $4,400 as Iran-US tensions counter support from tame US inflation
Gold price (XAU/USD) declines to around $4,400 during the early Asian session on Thursday, pressured...
Ukrainian Attack Halts Operations at Key Russian Black Sea Grain Terminals
Did President Zelensky and the Ukrainian armed forces not listen to US Vice President JD Vance's war...
Australian Dollar pulls back as inflation expectations loom
The Aussie Dollar ended Wednesday’s session with losses against the Greenback as US inflation data m...
Brent Nears $96 as U.S. Strikes Iran for 12th Consecutive Night
The latest oil price rally showed no sign of stopping in early Asian trading on Thursday, with both benchmarks climbing to their highest levels in more than six weeks as the U.S. and Iran continued to ...
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refi ...
New Pipelines Set To Ease Permian Natural Gas Glut
The regional price of natural gas produced in the Permian, the top U.S. oil basin, was negative for most of the first half of the year. Rising associated gas output from oil-targeting wells has had no ...
Equinor CEO: Europe May Miss Winter Gas Storage Goal
Europe's effort to rebuild natural gas inventories before winter suffered another setback on Wednesday after Equinor CEO Anders Opedal warned the region may struggle to reach its 80% storage target, h ...
Houthi Red Sea Blockade Could Shatter Hopes for Lower Oil Prices
Renewed Houthi blockade of Saudi Red Sea ports threatens up to 4 million bpd of redirected Saudi crude exports, adding fresh supply risks as the Strait of Hormuz remains effectively disrupted The late ...
MIT Framework Maps Grid Weak Spots Before Climate Disasters Hit
Researchers at MIT have developed a new framework to map out geographical hotspots and pain points for our beleaguered electrical grids. As extreme weather events and soaring summer heat waves become ...
Africa’s Richest Man Proposes To Build 700,000 Bpd Oil Refinery In Kenya
East Africa has spent decades exporting one commodity and importing another. The region holds roughly 4.7 billion barrels of crude oil reserves and more than 70 trillion cubic feet of natural gas acro ...
China’s AI Offensive Gains Ground in Central Asia
Central Asian states are tilting towards Beijing amid intensifying competition between the United States and China for predominance in artificial intelligence development. Top officials from Kazakhsta ...
GE Vernova Raises Outlook As AI Power Boom Masks Wind Weakness
GE Vernova raised its full-year revenue forecast on Wednesday after another quarter of booming demand for gas turbines, grid equipment and AI-driven electricity infrastructure. Wind was the clear exce ...
Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East
Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran a ...
LNG Supply Crisis Pushes Buyers Toward Coal and Oil
The resumption of the Iran conflict, including the effective closures of the Strait of Hormuz and now the Strait of Bab el-Mandeb has driven up natural gas prices, particularly in Europe and Asia. Asi ...
US Oil, Product Inventories See Builds Across the Board
Crude oil inventories in the United States saw an increase of 2.0 million barrels during the week ending July 17, according to new data from the U.S. Energy Information Administration (EIA) released o ...