The price of oil climbed 1.7% on Thursday as ongoing geopolitical hotspots in the Middle East and Ukraine remained in focus and amid the strained trade relations between the United States and China, the two of the world’s largest economies. Simultaneously, the Chinese media reported that US President Donald Trump held a phone call with his …
Continue reading “Oil firms amid geopolitical which will get worse”
US President Donald Trump said on Wednesday that Russian president Vladimir Putin “very strongly” told him in a call today that he’ll have to respond to Ukraine’s recent attack on Russian airfields. “It was a good conversation, but not a conversation that will lead to immediate Peace,” Trump wrote. Ukraine’s Security Service (SBU) launched a major …
Continue reading “Putin tells Trump he will respond to Ukraine’s strike”
Weekly Petroleum Data for the week ending May 30, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.3 million barrels from the previous week. At 436.1 million barrels, U.S. crude oil inventories are about 7% below the five year average for this time …
Khamenei calls US ‘rude and arrogant’ Iran’s leaders grappling with multiple crises Five rounds of nuclear talks have not bridged gaps DUBAI, June 4 (Reuters) – Iran’s Supreme Leader Ayatollah Ali Khamenei said on Wednesday that abandoning uranium enrichment was “100%” against the country’s interests, rejecting a central U.S. demand in talks to resolve a …
Continue reading “Iran’s Khamenei dismisses US nuclear proposal”
WASHINGTON − Ukraine destroyed dozens of enemy bombers using a horde of drones smuggled deep into Russia in a stunning attack that Russian war bloggers are calling Moscow’s Pearl Harbor. It was the most damaging Ukrainian attack on Russia in the three years since Moscow invaded. Ukrainian intelligence said the coordinated strikes on June 1 took a $7 …
OPEC+ confirmed another 411,000 bpd production increase for July, but oil prices rose instead of falling. Additional supply disruptions from Alberta wildfires and strong seasonal demand expectations helped offset concerns over weaker Asian oil imports. Analysts expect demand to rise into the summer, with ING and Goldman Sachs both citing tighter market conditions OPEC+ did …
Continue reading “Oil Bulls Bite Back as Prices Defy Expectations”
AI technology has been developing at an exponential rate, and it appears to be just a matter of time before we create entities that can think millions of times faster than we do and that can do almost everything better than we can. So what is going to happen when we lose control of such …
Continue reading “Pioneer Of AI Warns “Everyone Will Die” If It Isn’t Shut Down”
Billionaire and Tesla CEO Elon Musk criticized a new Congressional spending bill supported by President Donald Trump on Tuesday, calling it a “disgusting abomination.” Musk made the remarks on X, expressing frustration over what he views as excessive and irresponsible government spending. “I’m sorry, but I just can’t stand it anymore,” Musk posted. He described …
Continue reading “Musk slams Trump-backed bill as ‘disgusting abomination’”
Iran’s Foreign Minister Seyed Abbas Araghchi, speaking at a book signing event in Lebanon for The Power of Negotiation, branded the latest United States proposal as “highly ambiguous,” stressing that Tehran “will not seek anyone’s permission to continue uranium enrichment on Iranian soil,” after US President Donald Trump vowed not to allow it. “In this context, …
Continue reading “Iran seeks no permission to continue enrichment”
DUBAI (Reuters) -Iran is poised to reject a U.S. proposal to end a decades-old nuclear dispute, an Iranian diplomat said on Monday, dismissing it as a “non-starter” that fails to address Tehran’s interests or soften Washington’s stance on uranium enrichment. FILE PHOTO: Atomic symbol, USA and Iranian flags are seen in this illustration taken September …
Continue reading “WE WILL NOT ALLOW ANY ENRICHMENT OF URANIUM,””