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Dow Futures Crash 500 Points, European Stocks Open Lower as Investors Dump Equities Amid Israel-Iran Tensions
The major escalation in the Middle East dragged down futures tied to the Dow Jones Industrial Average by 504 points, while S&P 500 futures and Nasdaq 100 futures declined by 1.25% and 1.35%, respectively.
Donald Trump Wins The 2024 US Elections, Here Are Five Stocks You Should Buy Today
Trump's reelection could boost IPO activity, make banking regulations more lenient, and buoy energy stocks as he plans to drill from day one of his second tenure as US President.
Warren Buffett Has Over 10% Of His Portfolio in Two Energy Stocks That Are Also Dividend Aristocrats
Billionaire investor Warren Buffett has been heavily investing in energy stocks in recent years as the companies accelerate innovation of low-carbon technologies.
Billionaire Warren Buffett Scoops Up Over 7 Million Shares Of This Oil Company In 2 Weeks
Occidental Petroleum's grand ambitions of low-carbon energy transition caught Warren Buffett's attention. Berkshire Hathaway holds almost 29% stake in the energy firm.
Oil Prices Slip as Investors Eye Israel's Response to Iran Strike
Oil prices experienced a slight decrease after reaching a six-month record. Investors have shrugged off fears of a wider Middle East war disrupting supplies.
Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts
The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.
Energy Bills in the UK is set to Decrease by a Significant Amount in 2024
The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.
The Path Ahead: Unraveling the Dynamics of Emerging Market Currencies in 2024
The decline in the Eurozone area economies, notably Germany, that are in or near entering recession would, alongside high oil prices, suggest Euro weakness going forward.
UK Inflation Resists Expected Slowdown in September Amid Rising Oil Prices
CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.
Just Stop Oil And The West End Respond To Les Mis Disruption
On Wednesday this week, a group of activists for Just Stop Oil took to the stage of a West End Les Miserables production to protest Rishi Sunak approving the drilling for more oil in the North Sea.
Shocking Data Shows 2023 Could Be The Hottest Year Ever
Climate scientists are shocked by a report that found September 2023 to be the hottest month ever recorded. Experts also warn of another heatwave hitting Europe in October.
Petrol prices rose in July amidst soaring oil costs and market tensions
The latest data from RAC indicates a sharp increase in the average price for a litre of unleaded petrol, reaching £1.45, while diesel prices remain steady at £1.46.
Expectations of US inflation hike from 3.6% to 4.6% over the next year
A hike in expected US inflation over the next year comes ahead of next month's federal reserve decision on interest rates. Meanwhile, OPEC cuts increase the price of oil.
Energy market faces uncertain period ahead, with oil prices up in the air
Insight and analysis into the energy market from BDSwiss CEO MENA demonstrates the undetermined nature currently facing one of the world's leading markets.
WNBA calls out Russia, says Brittney Griner is being held 'hostage'
The Women's National Basketball Association (WNBA), in a scathing statement, has called for the release of US basketball star Brittney Griner.
Russia-Ukraine war: Unwanted Russian oil and gas pose big environmental risk
The trade sanctions imposed by western nations along with the European Union on Russia for its invasion of Ukraine have meant that one of the biggest oil and gas exporters is now left with additional stocks of the two resources with nowhere to send them to.
$80-per-barrel oil possible this summer, warns investment bank
There seems to be enough market evidence to indicate $80 oil by the summer.
Oil Market Uncertainty Can Worsen Into A Crisis, Warns Expert
The prevailing uncertainty in the oil market abetted by OPEC production cuts, the U.S. sanctions on Venezuela oil and other factors can snowball into an energy crunch and impact oil price, warned an industry expert.
Higher Crude Prices Boost 'Big Oil' Profits To $80 Billion In 2018
Big Oil had a good year in 2018, helped mostly by higher oil prices.
A Texas-sized surge in oil production will hold prices down
With oil demand growth slowing, it's entirely possible that U.S. production alone will increase more than global demand in the next few years.
Europe v Trump: Iran signs oil deal with UK as John Bolton threatens sanctions
Tensions mount between Europe and Donald Trump's White House over Iran sanctions.
Iranian oil tanker burning in East China Sea after colliding with Chinese cargo vessel
32 crew members of the Iranian vessel Sanchi are missing while all those aboard the Chinese ship CF Crystal have been accounted for.
Saudi crown prince strikes again: 11 royals arrested for anti-regime protests
Eleven princes, who were not identified, were taken into police custody after they engaged in a sit-in protest outside a palace.
Saudi Arabia unveils the kingdom's largest budget in history promising to spend $293bn in 2018
Saudi Arabia's Crown Prince Mohammed bin Salman says the annual budget is chiefly aimed at improving the living standards of Saudi citizens.
Oil plunges from 2-year highs ahead of Opec meeting
Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.
BP sees quarterly profits double on higher oil prices
Oil and gas giant posts underlying replacement cost profit of $1.87bn in the third quarter, compared to a profit of $933m in the same period of 2016.
Four British missionaries kidnapped by gunmen in southern Nigeria
Police in Nigeria's southern Delta state say that a militant group kidnapped the four missionaries at around 2am local time on Friday (13 October).
Oil lurks near $60 mark as Turkey threatens to blockade Iraqi Kurds
Brent futures spike on anticipation of higher demand and geopolitical tension.
Russia's Gazprom topples US behemoth ExxonMobil as the world's leading energy company
ExxonMobil's 12-year reign at the top comes to an end as lower oil price sends it tumbling down the pecking order.
China gets tougher on North Korea after nuclear tests by cutting its energy supply
Kim Jong-un's regime threatened to test a hydrogen bomb in the Pacific Ocean.