Iran warned on Sunday against any big new attack by the United States and its allies, saying it had information such a move was being prepared, adding to the anxiety in a region already on edge after drone and missile strikes on Saudi Arabia. Iran’s military central command said on state media that any new …
Iran Warns Against New Escalation by US and Allies Read More »
Two people died in Ukrainian drone attacks in the Moscow region and an oil refinery in Russia’s capital was hit, authorities said on Sunday, as Russia enters the final day of parliamentary elections. Ukraine and Russia have continued attacks on each other’s energy infrastructure despite an announcement by US President Donald Trump on Monday …
Two Dead in Moscow Region, Drones Hit Oil Refinery in Russian Capital Read More »
Iran will not reopen the Strait of Hormuz until its conditions are satisfied and the United States fulfils commitments under an earlier interim agreement, Iranian Parliament Speaker Mohammad Baqer Qalibaf said Sunday. Qalibaf’s comments, reported by Iran’s semi-official Fars news agency, reinforce Tehran’s determination to use control of the strategic waterway as leverage in its …
IRAN IN CONTROL: Iran Says Strait of Hormuz Will Remain Closed Until Conditions Are Met Read More »
Summary Washington and Bejing discuss cutting China’s LNG tariffs Potential $30 billion reciprocal tariff cuts Xi visit could bring broader energy and agricultural deals Sept 18 (Reuters) – The US and China are discussing a plan to reduce or eliminate China’s tariffs on American LNG as part of a broader package of energy and agriculture …
US, China Discuss Cutting Tariffs on US LNG Ahead of Xi Visit Read More »
Sept 18 (Reuters) – A federal judge in Rhode Island ruled on Friday that President Donald Trump’s administration unlawfully canceled a $7 billion grant program aimed at expanding solar energy in low-income communities. US District Judge Mary McElroy in Providence sided with a labor union and several nonprofits and solar companies in finding that the …
Trump’s EPA Unlawfully Terminated $7 Billion Solar Grant Program, Judge Rules Read More »
U.S. drilling activity increased for a second consecutive week as producers added both oil and natural gas rigs, pushing the national fleet further above year-ago levels. The U.S. rig count rose by four to 595 for the week ended September 18, according to the latest Baker Hughes North America Rig Count Report. That is 53 …
U.S. Rig Count Climbs to 595 as Oil and Gas Drilling Increase Read More »
(Reuters) – Warren Buffett, Berkshire Hathaway’s former CEO and legendary investor, is stepping down as its chairman, marking the end of his executive duties at the firm he helped build into one of the world’s largest conglomerates. Buffett, 96, will become chairman emeritus, an honorary title that typically does not include decision-making responsibilities. He will …
FEATURE: Warren Buffett is Stepping Down – Here is His Road to Investing Glory Read More »
(Reuters) – Trade in agriculture, energy and rare earths has become major bargaining chips in the trade war between the United States and China and are likely to feature again when President Donald Trump hosts his counterpart Xi Jinping in Washington next week. Here’s what else we know: AGRICULTURE Agricultural goods, led by soybeans, are …
What Commodity Markets Can Expect From the Trump-Xi Summit Read More »
(Reuters) – Unlike crude oil or gasoline, diesel rarely makes front-page news, yet it now has U.S. President Donald Trump’s full attention. Spiking prices for the fuel threaten to push inflation much higher, and taming it will be an epic challenge. Trump has recently shifted his focus from domestic gasoline prices to diesel. Last week, …
Record Diesel Prices Could be Trump’s Achilles’ Heel: Bousso Read More »
(Reuters) – The surge in energy and global borrowing costs as a result of the war in the Middle East is pushing economies and markets further towards a potentially damaging period of high inflation and slow growth. For now, stocks remain near record highs and economic growth, thanks to the avalanche of spending on the …
Rising Oil, Rates and Yields Brew Up Stagflation Cocktail for Markets Read More »
