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Top Midday Stories: Consumer Prices Rise 3.4% YoY in July; CoreWeave Q2 Loss Narrower Than Expectations
The S&P 500 Index and Nasdaq Composite were up slightly, while the Dow Jones Industrial Average was...
Trump Puts 81 Million Gulf Acres Up for Oil and Gas Auction
The Trump administration will put oil and gas leases covering more than 81 million acres in the Gulf...
Japanese Yen pares gains against US Dollar as markets digest US CPI
The Japanese Yen trims its gains against the US Dollar (USD) on Wednesday as in-line US CPI data fai...
India Is Becoming the World's Refining Swing Producer
For years, the world's swing oil producer has been Saudi Arabia. Need more crude? Riyadh opens the taps. Too much oil? Riyadh closes them. But while everyone has been watching who controls crude produ ...
Iraq Shuts Down Khor Mor Gas Field Amid Security Threats
United Arab Emirates’ Dana Gas has suspended operations at all main production facilities in the Khor Mor gas field due to credible security threats amid an increasingly volatile regional situation. T ...
The Power Vacuum Creating New Trade Routes Across Eurasia
The results of Armenia’s parliamentary election in June dealt Russia’s bid to reassert its grip on the South Caucasus a serious blow, and the reverberations are not confined to Moscow, Washington and ...
Could Somalia See The World's Next Major Oil Discovery?
As the Gulf (the world’s traditional energy centre) becomes riskier, the oil industry is searching for new hydrocarbon provinces. Much high-impact exploration is concentrated in Latin America and West ...
The Undisputed Global Oil Superpower
The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about energy: the United States remains the world’s largest oil producer ...
China’s Critical Minerals Grip Puts $6.5 Trillion of Global Industry at Risk
The global critical minerals market remains highly concentrated, and new threats to supply security have emerged in recent months as China has curbed exports of some rare earth elements, the Internati ...
Asian LNG Spot Prices Jump 10% as Hormuz Crisis Reignites Supply Fears
Spot prices of liquefied natural gas in Asia have surged by 10% in the past week to the highest level since March, as the re-escalation in the Middle East and the fresh near-halt to shipping through t ...
Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters
State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut off cargoes from it ...
TotalEnergies Sees Stronger Q2 Profit as Refining and Oil Trading Surge
TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose an ...
India Urges Shipowners to Avoid Deploying Nationals on Hormuz Voyages
India has advised ship owners and managers to avoid hiring Indian nationals on vessels they plan to send through the Strait of Hormuz, as attacks on commercial vessels have intensified in the area sin ...
India Hikes Diesel and Jet Fuel Export Tax
India has hiked the export duties it will be charging on exports of diesel and jet fuel for the two weeks starting July 16, as the return of the Hormuz crisis is set to further tighten fuel markets. T ...
IEA Warns World Has Just Weeks to Avoid Hormuz Economic Shock
The world has just a few weeks before taking an economic toll from the re-escalation in the Middle East and the new halt to tanker traffic through the Strait of Hormuz, according to Fatih Birol, the E ...