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CPI Inflation Overshoots, Putting Fed Hike In Play; S&P 500 Futures Fall, Yields Jump (Live Coverage)
September core CPI inflation rose more than expected, keeping an October Fed rate hike in play. Trea...
CPI Inflation Data To Set Stage For Next Fed Meeting (Live Coverage)
Core CPI inflation is forecast to edge up to 2.5%....
Dow Jones recovering? Four keys to watch, Nasdaq at resistance, US CPI in focus today
Thanks to the high price of crude and the threat of interest rate rises by the Fed, the Dow Jones In...
Gulf Oil Exports Struggle to Recover Despite Higher Hormuz Traffic
Shipping traffic through the Strait of Hormuz slightly increased as US-Iran negotiations remained ongoing in an effort to restore peace after the memorandum of understanding collapsed amid two weeks o ...
China’s Trade With Central Asia Surges 6.5%
China’s trade turnover with Kazakhstan and Uzbekistan, the largest economies in Central Asia, showed strong growth in the first half of 2026, as did trade with Tajikistan. Meanwhile, the numbers for K ...
Desperate for Fuel, Russia Looks to Kazakhstan for Refining Capacity
Russia is running short of undamaged oil refinery capacity, and it’s looking to Kazakhstan for help. Kazakhstan said Thursday that it is in talks with Moscow to process Russian oil at Kazakh refinerie ...
U.S. GDP Growth Slows to 1.5% in Second Quarter, Missing Forecasts
The US economy grew at a far weaker than expected pace in the second quarter despite a pickup in consumer spending and solid business investment. According to the BEA, GDP (inflation adjusted) rose ju ...
Record U.S. Refinery Runs Fail to Ease Global Fuel Crunch
U.S. refineries are producing the most gasoline and diesel since before the pandemic lockdowns, refining margins are running at record highs, but the world is still short on fuels. And it would take a ...
Russia Extends Diesel and Gasoline Export Bans Into 2027
Russia has extended restrictions on gasoline and diesel exports through January 31, 2027, just five days after saying the diesel ban would disappear once its domestic fuel market recovered. Recovery, ...
Iraq Leader’s Successful Visit to Washington Shows New Path Forward with U.S.
Iraq’s new prime minister, Ali Al-Zaidi, was first regarded as a political newcomer with no prior experience in government or political office, but he understood enough about Iraq’s interests to insis ...
Coal Falls Below 50% Of China's Power Mix For First Time Ever
The share of coal in China’s electricity output fell in the first half of 2026 to below 50% for the first time on record, in a landmark achievement of the Chinese policy to boost non-fossil power sour ...
Iran's Strike on Jordan Signals a More Aggressive Military Strategy
Iran fired ballistic missiles at American bases in Jordan late on July 28, in what appeared to be the first time Tehran initiated an attack on US targets since the war began in late February. The Isla ...
Oil Price Shock Fuels 35% Surge in Global EV Sales
Following a subdued start to the year, sales of electric vehicles (EVs) jumped in the second quarter after the Middle East crisis slashed crude supply and hiked oil and fuel prices, the International ...
Shell Maintains Bumper Buyback as Profit Surges
Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book a near-record profit. The Anglo-Dutch giant’s ...
Goldman Sachs: Diesel Crunch Is Now the Biggest Threat in Oil Markets
The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sachs says. War-induced refinery outages i ...