Renewable identification numbers jump nearly 100% year-to-date as higher blending targets lift compliance credit values. Renewable identification numbers (RINs) have nearly doubled in value since January, driven by increased U.S. biofuel blending requirements. The rise ref
Given the escalating tensions in the Middle East—including reports of an Iranian drone attack on an Apache helicopter and a subsequent U.S. retaliatory strike—one might have expected crude oil prices to surge. Instead, WTI crude is only modestly higher, up about $1.23 at $
The Consumer Price Index rose 4.2% over the 12 months ending in May, the Bureau of Labor Statistics reported Wednesday, the highest annual rate since April 2023 and up from 3.8% in April. Month over month, the all-items index gained 0.5% on a seasonally adjusted basis, wit
Snap-on, a manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for automotive aftermarket applications has announced that it acquired Diesel Laptops, LLC for approximately $100 million in cash. Based in Irmo, South Carolina
Investors react to fresh military strikes between Iran and the U.S., pushing equities lower and oil prices higher ahead of key U.S. inflation data. Global equities retreated and oil prices rose after Iran and the U.S. exchanged new military strikes, heightening geopolitica
TD Securities’ Robert Both updates Canada’s macro outlook as higher Oil prices push WTI above $95 through Q4, lifting headline CPI to an average 2.9% over Q2/Q3. Despite a weaker 2026 GDP growth path and a delayed output gap closure to 2028, the Bank of Canada is still exp
UBS Chief Economist Paul Donovan expects May United States (US) headline consumer price inflation to rise as higher Oil-related costs are passed through to consumers. He notes firms can protect profit margins by raising prices while demand holds, with US consumers drawing
Key Points - EnQuest plans to acquire four Malaysian assets from Petronas Carigali in a deal executives call “transformational,” with production expected to rise above 100,000 barrels of oil equivalent per day and more than double the company’s scale. - The transaction carries a...</stron
Beijing taps strategic stockpiles to offset Middle East supply disruptions, avoiding spot market premiums for crude imports. China has started releasing approximately 1 million barrels per day from its oil reserves, responding to prolonged Middle East supply disruptions th
An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the biggest U.S. shipment of fuel to the island nation since the start of the U.S. embargo, Bloomberg reported. Florida-based Vanguard Energy is already exporti
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