Oil Rises on Supply Concerns and Tariff Tensions Oil prices gained momentum after new US government data showed a drop in inventories, suggesting tighter short-term supplies. West Texas Intermediate rose…
Trump Tariff Threat Sparks Oil Price Rally Oil extended its rally on Thursday after President Donald Trump warned of steep tariffs on countries importing oil from Venezuela. Brent crude rose…
Gunvor Adjusts Leadership Amid Oil Market Challenges Gunvor Group is revamping its leadership following setbacks in oil trading last year. CEO Torbjörn Törnqvist acknowledged that a bullish strategy in the…
Federal Reserve Poised to End Historic Loss Streak The Federal Reserve is nearing the end of its longest period of financial losses, according to a report from Morgan Stanley. Analysts…
Trump Targets Oil Trade with 25% Tariff Threat President Donald Trump has escalated his stance on immigration and energy, threatening a 25% tariff on oil and gas purchases from Venezuela.…
Chile Keeps Interest Rates Steady Amid Inflation Fears Chile’s central bank maintained its benchmark interest rate at 5% for the second consecutive meeting. Policymakers cited rising global uncertainties and inflation…
New Mexico Approves Oil Royalty Hike on State Lands New Mexico lawmakers have approved a bill to raise royalty rates on oil development, targeting some of the richest petroleum areas…
Oil Slips as Fed, Trump Send Conflicting Market Signals Oil prices fell below $71 a barrel on Thursday after a day of uncertainty triggered by contrasting messages from the Federal…
Wall Street Begins New Wave of Layoffs in 2025 Wall Street is once again undergoing significant workforce cuts. Leading banks are downsizing as economic concerns weigh on expectations for 2025.…
Gold Hits Record High as Global Risks Escalate Gold surged to a new record above $3,039 an ounce, driven by haven demand. Investors are reacting to increasing geopolitical tensions and…