Tag: Oil and Gas
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Charities say gifts by deceased donors are getting held up at financial firms
Nonprofits are pushing back against policies by financial institutions to collect personal information of charity employees before releasing a gift.
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Trump gains a tariff weapon against China and India. Will he use it?
U.S. House has paved the way for a legislation that will allow Trump to impose up to 100% tariffs on countries buying Russian oil, giving him leverage against India and China.
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Trump plans to meet Gulf leaders at UN next week on Iran war’s endgame: report
Washington’s efforts for resuming ceasefire talks appear to have stalled, as Gulf states absorb escalating attacks from Iran and Iran-aligned Houthi militants.
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Oil extends losses as Saudi Arabia reportedly offers ship-to-ship crude transfers after pipeline hit
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
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‘Science fiction’: Transport companies — the backbone of economy — are sounding alarm on fuel prices
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.
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Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
The Organization of Islamic Cooperation condemned the strike as a “heinous” attack. Mecca is Islam’s holiest site and the focal point of the annual Hajj pilgrimage.
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Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia’s East-West pipeline.
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Oil’s next test: Saudi Arabia races to restore a key safety valve for prices
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
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Weapon shortfalls, ‘hundreds’ of buildings and aircraft damaged, $33.4 billion spent: the U.S. government tallies costs of the Iran war
The department revealed that the Iran war had cost an estimated $33.4 billion as of June 29.
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Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets
Oil and 10-year Treasury yields are moving in near lockstep, with their correlation at its strongest since 2019.
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