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US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fel...
Tech drags down world stocks, oil dips on supply hopes
A slump in high-flying technology stocks dragged down global markets Tuesday, with Wall Street tumbl...
The ‘Magnificent Seven’ correction may actually be a sign of a healthy stock market
The Big Tech grouping officially fell into correction territory on Tuesday as mounting concerns abou...
The AI Boom Is Set to Fast-Track China's Coming Nuclear Energy Dominance
The United States is still the largest producer of nuclear energy in the world – but probably not for long. Decades of political ambivalence have left the domestic nuclear sector in a state of neglect ...
US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels in the week ending June 19. In the week prior, US crude oil inventories fell by ...
Pemex Wants Petrobras' Deepwater Magic
When you're drowning in debt, plagued by declining production, and running a refining business that seems chronically allergic to profits, buddying up with a more successful partner starts looking lik ...
SpaceX Taps Bond Market for $20 Billion to Fuel AI Expansion
Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its block ...
Tanker Owners Are Having the Best Week of the Hormuz Crisis
The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money. As Middle Eastern producers scramble to move crude that has spent months stranded ...
El Niño, War, and Fertilizer Costs Create a Dangerous Inflation Cocktail
Rory Green, TS Lombard's chief China economist, is the latest Wall Street strategist to warn of the mounting macro and food inflation risks that a super El Niño could release on certain regions of the ...
Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US
Since the replacement of Russia by China as the primary would-be superpower rival to the U.S., Saudi Arabia has sought to balance its relationships with Beijing and Washington -- sometimes leaning mor ...
Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks
Italian gas distributor Italgas plans to invest nearly $15 billion by 2032 as it accelerates the use of AI in increasingly smarter and flexible networks, Europe’s largest natural gas distributor said ...
Traders Question How Much Iranian Oil Can Really Return to Market
US-Iran talks and a 60-day sanctions waiver have eased supply fears, but traders remain cautious on the outlook for Iranian oil exports. From War Shock to Weather Shock: Super El Niño Threatens Fresh ...
Novak: Russia Considers Complete Ban on Diesel Exports
Russia is considering a full ban on diesel exports as authorities scramble to stabilize the domestic fuel market amid refinery disruptions, rising prices, and supply shortages linked to Ukrainian atta ...
Tankers Emerge from Dark Mode amid Tentative Hormuz ReopeningTankers Emerge from
A growing number of oil tankers have been broadcasting their position and intention to pass through the Strait of Hormuz in recent hours, in a sign that a tentative recovery of traffic through the cho ...
Tankers Emerge from Dark Mode amid Tentative Hormuz Reopening
A growing number of oil tankers have been broadcasting their position and intention to pass through the Strait of Hormuz in recent hours, in a sign that a tentative recovery of traffic through the cho ...