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The US Dollar Index cannot rally with Washington on the offer
The Dollar Index trades near 99.50, roughly a tenth of a percent lower, having opened directly on it...
Update: US Equity Indexes Mixed as Tech Gains Lift Nasdaq, Trump Threatens to Bomb Oman as Iran Peace Deal Deadline Expires
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first pa...
WTI Oil climbs above $82 as Washington-Tehran standoff reignites supply concerns
West Texas Intermediate (WTI) US Oil advances on Monday and trades around $82.10 at the time of writ...
Libya Power Crisis Explodes as Grid Fails Again
Libya’s electricity grid suffered another major collapse on Monday, knocking power plants offline across western, central and southern parts of the country, shutting down the Great Man-Made River wate ...
Ukraine Has Shattered the Myth of Russian Military Might
When President Vladimir Putin sent his forces into Ukraine, the Kremlin appeared to be betting on a familiar axiom of European security: sheer Russian mass, backed by vast Soviet-era stockpiles and nu ...
China's Renewables Boom Faces Record Clean Power Curtailments
Grid constraints and rising coal-fired power generation in China led to soaring curtailment rates of solar and wind power generation in the first half of the year. China curtailed as much as 360 teraw ...
Venezuela’s Oil Revival Accelerates as U.S. Majors Push Trump’s New Energy Order
Following the Washington-led removal of Venezuela’s previous president, Nicolás Maduro, from office on 3 January this year, U.S. firms are pushing hard to keep increasing oil production from the hydro ...
Iraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion Away
The project to ship Iraqi crude to the Syrian Mediterranean coast to bypass the Strait of Hormuz is still at least four years and $15 billion in investments away, sources familiar with the project tol ...
UK Inflation Set to Rebound as Energy Bills Surge
Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is ti ...
Japan's Oil Crisis Eases, But the Import Bill Keeps Climbing
The oil crisis in Japan has eased in recent weeks as the resource-poor G7 economy that depended on the Middle East for 90% of its crude oil supply has managed to diversify purchases and moved to relea ...
China Added 200,000 Bpd to Crude Reserves in July Despite Hormuz Crisis
China is estimated to have added about 200,000 barrels per day (bpd) of crude oil to its huge inventories in July as imports rebounded from a decade-low in June and refinery runs remained depressed. T ...
China Oil Imports Jump 22% Even as Economic Data Disappoints
China began the third quarter with weaker-than-expected key economic indicators, raising additional concerns about the health of its economy and its demand for crude oil in the coming months. Retail s ...
Asian Refiners Seek Alternative Pickup Point for Saudi Crude
Heightened risks to shipping safety in the Red Sea have prompted some Asian refiners to ask Saudi state oil giant Aramco to pick up its crude oil cargoes at Egypt’s Mediterranean port of Sidi Kerir as ...
Indian Oil Giant Secures U.S. License to Return to Venezuela
India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, Indian media have reported. India’s largest oil and gas company has ...
India Lets Delayed Renewable Projects Pay to Keep Grid Access
India’s authorities have given solar developers missing their deadlines the option to pay to keep their grid connectivity instead of losing it, Reuters has reported, citing the country’s Central Elect ...