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Surge in Black Sea attacks adds to strain on global commodity flowsAttacks on Black Sea shipping routes are disrupting global grain and oil supplies. Ukraine and Russia have intensified strikes on each othe...- World faces fresh food price surge, FAO warnsGlobal food prices may rise significantly by year-end and next year. Conflicts in Iran and Ukraine are impacting agricultural inputs and tr...
- US and Iran having 'very good discussions', Trump saysUS President Donald Trump reported very good discussions with Iran on Tuesday. Hopes for reopening the Strait of Hormuz boosted Asian marke...
- World faces fresh food price surge, FAO warnsGlobal food prices may rise by year-end and next year. Wars in Iran and Ukraine impact agricultural inputs and exports. Extreme weather eve...
- Global Market: China stocks hit one-week high as chip rally offsets optical module slumpChinese equities climbed to a one-week high, led by semiconductor stocks, while Hong Kong shares edged higher. Improving global risk sentim...
- US and Iran having 'very good discussions', Donald Trump saysTrump described negotiations with Iran as "very good". Mediators in Qatar indicated progress toward ending the Iran war, though Tehran deni...
- War cost to world = '2.6 billion barrels of oil'Global oil inventories have significantly depleted since the US-Israeli war with Iran began. Saudi Aramco's chief stated that replenishing ...
- Big Oil profits surge as Iran war keeps energy prices elevatedEuropean and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four p...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- Global Market: Goldman Sachs sees Brent crude trading at $80-$90 until Iran conflict outlook clearsGoldman Sachs forecasts Brent crude prices between $80 and $90 per barrel. This range persists until clarity emerges on US-Iran nuclear tal...
- Oil ticks up after selloff as talks to end US-Iran war remain uncertainOil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tension...
- Russia's western oil exports to rise 4% in August on refinery disruptionsRussian oil shipments from western ports are set to increase by four percent in August. This rise is driven by domestic refinery attacks an...
- India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
- OPEC+ agrees September oil hike, completing rollback of voluntary cutsOPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cut...
- OPEC+ tipped to raise oil output as Middle East war disrupts suppliesOPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustme...
- India to buck APAC slowdown despite oil, trade and El Nino risks: Moody's AnalyticsIndia's economy is projected to grow strongly in the Asia-Pacific region. Higher oil prices and global slowdown pose significant risks to t...
- Drone attack in Egypt raises fresh fears over Suez Canal, global oil supplyA drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi...
- Reliance ramps up diesel exports to Europe, Brazil in July, sources sayReliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran co...
- America is making the most fuel since pre-covid. It’s not enoughAmerican refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low d...
- India seeks sunflower oil alternatives on Black Sea disruptionsIndia is rushing to secure alternative edible oil supplies as Black Sea attacks disrupt sunflower oil shipments from Russia and Ukraine, ca...
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