Chinese Hackers Breach US Treasury Systems The US Treasury Department confirmed a cybersecurity breach attributed to a Chinese state-sponsored actor. The intrusion, described as a “major cybersecurity incident,” occurred through…
2024 Oil Market Wrap-Up: A Year of Decline Oil prices are set to close 2024 with a second consecutive annual loss. Brent crude traded at $74.60 per barrel, while U.S.…
Oil Prices Hold Steady Amid Uncertainty Oil prices remained steady, with West Texas Intermediate trading near $71 per barrel and Brent crude above $74. Despite a 1.6% gain last week,…
Inflation Trends: Challenges Ahead for 2025 Inflation has been a dominant economic issue in 2024, and experts predict it will remain a significant concern in 2025. Despite moderating inflation, levels…
The Downfall of Lim Oon Kuin Lim Oon Kuin, founder of Hin Leong Trading Pte., was declared bankrupt following the collapse of his oil trading empire. Known as OK Lim,…
Crude Oil Inventories Expected to Decline U.S. crude oil inventories are projected to have fallen by 1.9 million barrels during the week ending Dec. 20, according to a Reuters poll.…
The Rise of AI Agents in 2025 AI agents are set to transform workflows by automating complex, multi-step tasks. Companies like Google, Microsoft, and Nvidia are betting big on this…
Oil Prices Supported by China’s Record Fiscal Stimulus Oil prices rose in thin holiday trading, bolstered by China’s announcement of a record-breaking fiscal stimulus. Chinese authorities plan to issue 3…
Google Faces Antitrust Allegations in Japan Alphabet Inc., Google’s parent company, is under scrutiny by Japan’s Fair Trade Commission (FTC) for alleged anticompetitive practices. The regulator claims Google pressured smartphone…
Oil Prices Rebound Amid Optimistic Inflation Data Brent crude rose 0.5%, reaching $73.31 per barrel, while U.S. West Texas Intermediate climbed 0.6% to $69.86. Lower-than-expected U.S. inflation data bolstered market…