IEA Forecasts Sharper Decline in 2026 Oil Demand Amid Hormuz Closure
The International Energy Agency on Wednesday projected a larger decline in global oil demand this year than previously estimated as the continued […]
BofA to plow US$250 bil into critical infrastructure projects
Bank of America Corp unveiled a US$250 billion (RM1.02 trillion) initiative to invest in critical infrastructure across the US over the next […]
Tanker Data Contradicts U.S. Claim That Middle East Oil Flows Have Normalized
Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said […]
Oil climbs 2%, extending gains on dimming US-Iran peace hopes
Oil prices rose more than 2% on Tuesday to their highest in more than a week as ongoing disruption to Middle East […]
U.S. Bets $400 Million on Australian Scandium Miner to Break China’s Grip
Shares in Australia-listed Sunrise Energy Metals Ltd (SRL:ASX) jumped by 29% at opening on Monday after the U.S. Department of War announced […]
BRICS explores CBDC link-up to reshape cross-border payments, says RBI chief
BRICS nations are exploring ways to link their fast payment systems and central bank digital currencies (CBDCs) as the grouping looks to […]
Copper consolidates after strongest week since May
Copper consolidated above US$14,000 on Monday after posting its strongest weekly gain since May, as concerns that the Democratic Republic of Congo’s […]
Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027
Citi has raised its third-quarter Brent crude forecast to $80 per barrel from $75 as the U.S.-Iran war drags on and repeated […]
ADNOC Gas Unveils $8.2 Billion Expansion Push
ADNOC Gas, the gas business of the Emirati energy major, will spend more than $8 billion on its Rich Gas Development project, […]
Saudi oil tankers are disguising their destinations by signalling Egypt and the Suez Canal instead of home ports to avoid Houthi attacks
Tankers entering the Red Sea to load Saudi oil are signalling Egypt and the Suez Canal as their destinations instead of Saudi […]
India eyes Venezuela blocks operatorship; regains Russia’s Sakhalin-1 stake
State-run ONGC, through its overseas investment arm ONGC Videsh, holds a 40% stake in the San Cristobal field and, along with other […]
US dollar weakens sharply against the Japanese yen after market interventions
The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides […]