7 h. ago Oil Market’s Focus Shifts to Demand as Trump Reignites Trade War

While US President Donald Trump’s chaotic tariff strategy has disrupted the oil market for months, his renewed attacks on trading partners this week have solidified consensus on at least one matter: The outlook for crude demand is set to worsen.

Economics

67 h. ago Middle East Oil Giants Say OPEC+’s Supply Surprise Needed by Market

Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — lined up on Wednesday to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market.

Other

3 d. ago Kuwait Oil Giant Says OPEC+ Supply Hikes Suggest Tighter Market

Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.

Other

5 d. ago US Warns of Blackout Risk From Killing Coal as Trump Snubs Renewables

Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report that blames the expected energy shortfall on the closures of coal and natural gas power plants and overreliance on renewable energy.

Events

5 d. ago Asian Shares Dip, Dollar Gains on Tariff Tensions: Markets Wrap

Asian shares dropped as investors awaited progress on trade negotiations between the US and several countries ahead of the July 9 deadline imposed by President Donald Trump.

Economics

5 d. ago Stocks Fall, Dollar Rises on Rising Trade Tensions: Markets Wrap

Stocks declined and the dollar gained in a risk-averse start to the week, as President Donald Trump dialed up trade tensions by saying the US will start issuing tariff letters to countries as soon as Monday.

Economics

5 d. ago Stocks Fall, Dollar Gains as Trade Worries Return: Markets Wrap

Stocks declined and the dollar gained in a risk-averse start to the week, as President Donald Trump dialed up trade tensions saying the US will start issuing tariff letters to countries as soon as Monday.

Economics

6 d. ago OPEC’s New Supply Shock Nails On Oil Market’s Return to Surplus

The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers the world over while answering US President Donald Trump’s calls for lower fuel costs.

Sport

6 d. ago Carney says Trump’s multiple objectives demand ‘nimble’ trade talk strategy

Prime Minister Mark Carney says U.S. President Donald Trump has multiple objectives in his trade talks with various countries, including how it will impact the U.S. budget.

Economics

1 week ago Saudi Crude Shipments Soar as OPEC+ Leader Chases Market Share

Saudi Arabia is exporting crude at the fastest rate in over a year as the OPEC+ leader presses on with a strategy to recoup its share of global oil markets.

Politics

2 w. ago Inside the Trading Desks that Surfed 12 Days of Oil Market Mayhem

For today’s oil traders, headlines about bombs falling have increasingly become an opportunity to sell.

Other

2 w. ago What could gas prices look like ahead of Canada Day weekend?

Motorists may soon benefit from falling oil prices as markets digest news from U.S. President Donald Trump that a ceasefire is imminent between Iran and Israel.

Economics

2 w. ago Senate GOP to Offer $40,000 SALT Cap With Lower Income Threshold

Senate Republicans are coming around to the $40,000 cap on state and local tax deduction key House lawmakers demand in President Donald Trump’s massive tax package, but they want to lower the income threshold.

Economics

2 w. ago Oil Slides Further as Trump Declares Ceasefire: Markets Wrap

Oil sank and US stock-index futures climbed after President Donald Trump announced a tentative ceasefire between Israel and Iran, raising hopes that the worst of the Middle East conflict has passed.

Events

2 w. ago Why Fighting Between the US and Iran Hasn’t Sent Oil Prices Soaring

On today’s Big Take podcast: How a US oil boom upended global markets and reduced the market risk of war in the Middle East.

Economics

2 w. ago What is the Strait of Hormuz and why is it so important for oil markets? 

It's a vital transport route for major Middle East oil and LNG producers

Economics

2 w. ago Enbridge Eyes New Pipeline to Boost Canadian Oil Flows in US

Enbridge Inc. and partner Energy Transfer LP are gauging interest in increased pipeline capacity in Illinois that would help rising Canadian oil sands production reach more markets in the Midwest and the US Gulf Coast.

Other

2 w. ago NATO to take ‘quantum leap’ with 5% military spending target

The 32 members of the alliance will pledge to boost defence expenditure to five percent of gross domestic product, a key demand of President Donald Trump

Events

2 w. ago Oil Surges, US Futures Drop After Strikes on Iran: Markets Wrap

US equity futures dropped and oil advanced in Asia on Monday after Washington struck Iran’s nuclear sites over the weekend.

Other

2 w. ago Oil, Dollar Trim Gains After US Attacks on Iran: Markets Wrap

The dollar and oil pared an early advance, as traders awaited Tehran’s response after Washington struck Iran’s nuclear sites over the weekend.

Events