Escalating US-Iran conflict drives oil prices higher as traders price in supply disruption risks in the Middle East. West Texas Intermediate crude oil climbed to a nearly one-month peak of $80.00 per barrel during Tuesday’s Asian session, extending gains for a second strai
Australia’s business sentiment improved in June but predates the latest oil price surge and renewed Middle East tensions. Australia’s business confidence index rose to -5 in June from -14 in May, marking an improvement but still reflecting pessimism. The business condition
The Reserve Bank of New Zealand leaves door open for further 25 basis point increases if energy costs sustain inflation above target. The Reserve Bank of New Zealand (RBNZ) indicated a cautious approach to monetary policy, emphasizing a shift toward neutral settings rather
Brent crude hits $83 per barrel, marking its largest single-day gain in over six years amid renewed geopolitical tensions. Crude oil futures climbed to their highest levels in four weeks after the US reimposed a naval blockade on Iranian ports near the Strait of Hormuz. Br
U.S. refining profitability surges to all-time highs despite lower crude prices, driven by persistent strength in gasoline and diesel markets. U.S. refining margins have soared to unprecedented levels, with the benchmark 3-2-1 crack spread exceeding $60 per barrel. The sur
The US extended its lead as the world’s top oil producer in 2024, outpacing OPEC+ allies due to shale growth and voluntary cuts. The United States has further widened its lead as the world’s largest oil producer, surpassing Russia and Saudi Arabia by a growing margin. US o
Escalating Middle East conflict drives crude prices higher, fueling inflation fears and expectations of tighter monetary policy. Gold futures fell below $4,000 per ounce Monday as renewed military strikes between the U.S. and Iran sent oil prices sharply higher. The move r
OPEC reduced its 2026 global oil demand growth forecast to 780,000 barrels per day, marking the third consecutive monthly cut. OPEC has again revised downward its 2026 global oil demand growth forecast, cutting expectations by 190,000 barrels per day to 780,000 bpd. This m
Pembina Pipeline shares rise 4.4% after Wells Fargo upgrades the stock and raises its price target by 38%. Pembina Pipeline (PBA) climbed 4.4% in Monday trading after Wells Fargo double-upgraded the stock to Overweight from Underweight. The firm set a new price target of C
Crude futures posted their biggest daily gain since April after U.S. announced shipping fees and blockades in the Strait of Hormuz. Crude oil futures jumped 9.42% to settle at $78.14, the largest one-day gain since April 29, driven by escalating geopolitical risks. Preside
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.