Crude prices increased on Thursday following the US Court of International Trade’s decision to prevent the majority of President Donald Trump’s tariffs from being implemented. Markets also monitored possible new US restrictions on Russian oil exports, while OPEC+ is expected to hike production starting in July during its meeting this Saturday. West Texas Intermediate (WTI) for …
Continue reading “And Oil adds another 1.5% as US court blocks Trump tariffs”
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told you so!! Crude oil prices rose by over 2% on Wednesday after reports that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, decided to maintain its oil output baselines unchanged until 2027. Additionally, it was reported that further negotiations on setting country-specific baselines are expected to take place in November.West …
Continue reading “WTI up over 2.5% following OPEC+ Decision To NOT Cut Production”
Oil climbed as the market assessed the risk of additional US sanctions on Russia and the chance that nuclear talks with Iran would fail to produce an agreement. West Texas Intermediate climbed more than 1% to approach $62 a barrel after President Donald Trump said Russian President Vladimir Putin was “playing with fire” by escalating attacks on …
Continue reading “Oil Supply Risks Iranian, Russian Supplies”
Israeli Prime Minister Benjamin Netanyahu commented on Wednesday on his country’s Air Force attacking the airport in Yemen’s capital, Sanaa, which Israel claimed is controlled by Houthis, and stated that Iran is responsible for the attacks coming from Yemen. “The Air Force has now attacked again the airport in Sana’a, which is controlled by the …
United States President Donald Trump warned Israel’s Prime Minister Benjamin Netanyahu against taking any steps that could obstruct nuclear negotiations with Iran, Axios reported on Tuesday, citing a White House official and another source with knowledge of the matter, after Israel’s Channel 12 released a similar report the day before. In a phone call last …
Continue reading “Trump said to warn Netanyahu against thwarting Iran talks”
United States President Donald Trump remarked on Tuesday that his Russian counterpart Vladimir Putin is “playing with fire” regarding the conflict in Ukraine. “What Vladimir Putin doesn’t realize is that if it weren’t for me, lots of really bad things would have already happened to Russia, and I mean REALLY BAD,” Trump wrote on Truth …
Japan’s Nippon Steel Corp. is expected to buy US Steel for $55 per share, CNBC reported on Tuesday. United States President Donald Trump backed the deal last week, stating that the merger will create 70,000 jobs and add $14 billion to the US economy. Nippon Steel first proposed the $14.9 billion deal in 2023, which was …
Continue reading “Nippon likely to buy US Steel at $55 per share”
Yemeni Houthis announced on Tuesday they carried out a successful missile strike against Ben Gurion Airport near Tel Aviv in response to Israeli operations in Gaza. “The operation is a victory for our brothers in Gaza and a response to the incursion of thousands of Jewish mobs into the Al-Aqsa Mosque,” the militant group said, …
Continue reading “Houthis claim strike on Israel’s Ben Gurion airport…. again”
German Chancellor Friedrich Merz shared on Tuesday while speaking in Turku, Finland, that “we are a long way away from the end” of the war in Ukraine. Mentioning his previous comments about France, Germany, the United Kingdom, and the United States agreeing to lift restrictions on the range limit for weapons being sent to Ukraine, he …