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Forex Today: US Dollar firms ahead of a packed session
The US Dollar (USD) has extended its recovery on Wednesday following a Consumer Price Index (CPI) re...
Gold has priced a Fed pause. The hike is still coming
July inflation landed exactly where the consensus had it, on all four lines of the release, and Gold...
Gold price shines above $4,400 as inflation dip fuels Fed relief
Gold price (XAU/USD) registers gains of over 1% on Wednesday as US inflation data aligns with estima...
Nigeria Targets Record 3 Million Bpd Oil Output by 2030
Nigeria is set to ramp up crude oil production to 3 million barrels per day by 2030, according to the country’s upstream regulator, which says reforms aimed at accelerating investment and reducing pro ...
Houthis Declare Naval Blockade on Saudi Arabia as Red Sea Crisis Deepens
Yemen’s Iran-aligned Houthis declared an immediate naval blockade on Saudi Arabia on Monday, Reuters reported, bringing the U.S.-Iran war officially to the southern entrance of the Red Sea and threate ...
New UK Prime Minister Set to Back North Sea Oil and Gas Projects
Incoming prime minister Andy Burnham is set to announce new drilling for oil and gas in the North Sea within days of taking office as part of a policy blitz, according to reports. Burnham’s team has a ...
Drone Strike Halts Exports at Strategic Black Sea Oil Terminal
A drone struck a tanker loading crude oil at the Caspian Pipeline Consortium’s (CPC) Black Sea export terminal on Monday, according to regional media reports, forcing the suspension of exports for the ...
U.S.-Iran Conflict Enters Dangerous New Phase With Fresh Missile Exchanges
Air raid sirens blared in Bahrain and other Gulf states as the struggle for control of the Strait of Hormuz continued after US forces conducted a ninth day of air strikes on targets around Iran. Tensi ...
U.S. Gasoline Prices Climb Back Above $4 Per Gallon
The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the renewed hostilities in the Middle Ea ...
Brent Briefly Breaks $90 After Fresh Iran War Escalation
Brent Crude prices briefly hit $90 per barrel in Asian trade on Monday as the Middle East conflict continued to escalate with fresh U.S. strikes on Iran and Tehran targeting American bases in the regi ...
Europe Faces Diesel Crunch as Inventories Head Toward Multi-Year Lows
European diesel markets are set to further tighten as multiple supply disruptions have combined to drag inventories to multi-year lows, analysts at Morgan Stanley say. “The picture is genuinely tig ...
India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher
India paid 60% more for crude oil imports in the April-June quarter compared to the same period last year, as the surge in oil prices couldn’t offset slightly lower import volumes. The value of India’ ...
China’s LNG Buying Spree Tightens Global Gas Market
China raised its liquefied natural gas imports for a second month in a row in June as the world’s top LNG buyer prepares for peak summer power demand. Chinese imports of LNG jumped by 8.3% from a year ...
Tankers Fear Hormuz Transit as Iran Stops Vessels
An empty Malta-flagged, Greece-managed oil products tanker halted at anchor in the Strait of Hormuz near Oman early on Monday as vessel owners and operators grow increasingly wary of attempting to tra ...
China’s Fuel Oil Exports Hit 2026 High as Shipping Demand Rebounds
China exported 577,000 barrels daily of fuel oil last month, which was the most since the start of the year and an 18% increase from June 2025, Reuters reported today, citing official customs data. At ...