Baker Hughes reports that US drillers have added oil and natural gas rigs to their fleet for the sixth consecutive week.
Energy services firm Baker Hughes said that U.S. energy firms added oil and gas rigs in the United States for a sixth consecutive week. This is the first time since May '2022. The number of oil and gas drilling rigs, a good indicator of future production, increased by four in the week ending May 29 to 562, its highest level since May 2025.
Export surge and record-low U.S. shale oil backlog slow production gains
U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move ?quickly to boost crude output and replace rapidly depleted oil inventories after exports and refinery processing jumped to plug the shortfall in supply caused by the U.S.-Israeli war ?on Iran.
Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.
Bloomberg News reported on Thursday that the CEO of Mitsui, Kenichi Hori, is looking to invest in LNG projects across the Middle East, U.S.A., and Australia to meet the rising demand for power from data centers. Hori, a Bloomberg News reporter, said that the company would consider securing equity stakes in gas and LNG companies or signing supply agreements.
Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.
Bloomberg News reported on Thursday that the CEO of Japanese trading house Mitsui was looking to invest in LNG projects in the Middle East, Australia, and even the U.S. to meet data center power demand. Hori, a Bloomberg News reporter, said that the company would consider taking equity stakes in or securing agreements with LNG and gas chemical firms.
Sources say that the ousted BP chair met with activist shareholder Elliott, without knowing other directors directly.
Two sources familiar with the situation said that former BP chairman Albert Manifold had met with activist shareholder Elliott Management while he was on the board, without telling his fellow members. Manifold was fired by BP this week, after?less that eight months as Chairman. This sent…
Suriname's Block 52 could become commercial for oil in 18 months, Staatsolie says
The managing director of Staatsolie, the state-owned oil and gas company in Malaysia, said that Petronas was exploring for oil in offshore 'Block 52' in Suriname. This area had been declared "commercially viable" for the development of a natural gas field late last year after large discoveries were made in the region.
Premier says Australia's largest LNG producer is confident that export restrictions will not harm the state.
Roger Cook, the premier of Western Australia, said that Madeleine King had "assured him" on Wednesday that a new federal policy reserving 20 percent of gas output for domestic use would not harm his large 'LNG' industry. He said that Maddie King was a good friend and my local member. We've discussed this extensively…
AustralianSuper: A Glencore listing at ASX could be positive
AustralianSuper, a pension fund, said on Wednesday that if Glencore decided to list its shares on the Australian Securities Exchange it would be a "positive" move for the bourse as well as the Swiss-based commodities trader. Luke Smith, portfolio manager at AustralianSuper, said that listing…
BlackRock sees merit in large scale mining M&A
BlackRock will support consolidation of large mining companies because it would make the sector more accessible to generalist investors at a scale which would make it easier for them to take on "large" and complex projects required to create new supply. Speaking at the Australian Financial Review conference (AFR)…
Nordic investors ask EU to maintain its stance on Arctic drilling ban amid energy crises
Investors and financial institutions have urged the European Union to maintain its opposition to any new Arctic oil & gas drilling as it considers re-evaluating its position to prioritize energy security. Investors are concerned that the U.S./Israeli war against Iran, which triggered the current energy crisis…
BlackRock sees merit in large scale mining M&A
BlackRock will support consolidation among large mining companies because it would 'open the sector to generalists investors? at a scale which would make it easier for?bring large and complex projects required?for a new supply?, said a on Wednesday. Speaking at the Australian Financial Review conference (AFR)…
Mexican billionaire Slim says that Pemex's Lakach project, which has been indefinitely stalled, is irrational
Carlos Slim, a Mexican billionaire, said that the deepwater 'natural gas' project that his company?GrupoCarso has agreed to develop? with the state-run oil firm Pemex was "irrational," which raises questions about the future project. Pemex twice abandoned the Lakach project in the Gulf of Mexico before signing an agreement in 2024 with GrupoCarso.
Sources say that Trinidad's Atlantic LNG has shut down its processing unit to perform maintenance.
Gerald Ramdeen, the Chairman of the National Gas Company of Trinidad and Tobago (NGC) and two other people familiar with the operation, said that the flagship?LNG?facility of Trinidad and Tobago shut down its Train 4 processing unit for planned maintenance on Tuesday. Sources said that the…
Sources say that Occidental has taken 10% of the Exxon deepwater offshore Trinidad block.
Occidental Petroleum has acquired a 10% stake in Exxon Mobil’s 'deepwater exploration' block offshore Trinidad and Tobago. This is according to two sources familiar with the situation. Exxon had been the sole owner of UD(1), a large offshore block located in water depths between 2,000 and 3,000 meters. The first acquisition of this block was in August 2025.
BP ousts Chairman Albert Manifold, citing unnamed Governance Issues
BP announced on Tuesday that it had removed Albert Manifold as its Chair 'with immediate effect'. The company cited governance and conduct concerns, just months after he was appointed to oversee a new strategy. BP launched a plan to switch the focus from renewable energy to fossil fuels in February '2025.
UN special rapporteur can join case against Woodside LNG plant extension, Australian court rules
The Federal Court of Australia ruled that a U.N. Special Reporter can submit submissions to a case challenging the government’s decision to extend Woodside Energy’s North West Shelf LNG Facility for 40 years. The Australian Conservation Foundation has?brought a case against the Environment…
Santos, Australia's largest LNG producer, aims to reduce its net debt by $2.5billion and focus on the production of LNG
Santos, Australia's second largest oil and gas company, said that it aims to reduce its net debt by $2.5billion?by 2030?and focus on?its?investment?in major oil and LNG production in regions with Tier-1 basins. The company claimed that the net debt reduction targeted by the company would reduce annual interest by approximately $150 million.
The draft Australian LNG policy is a source of anger for the industry
The Australian government released on Monday a draft version of its rules for the export of liquefied gas for consultation. It was aiming to clarify its 20% domestic reservation rule, but instead received criticism for its opacity. The Domestic Supply Obligation rule (DSO) will be in effect from July 2027.
BP Whiting Refinery revises its proposal to the union in ongoing negotiations
BP announced that its Whiting refinery had returned 'to the bargaining table' with the United Steelworkers - Local 7-1 negotiating committee on Friday and presented a revised proposal to bring the parties closer together. In response to union concerns, the company said that it has withdrawn…
MOL, Hungary's largest oil company, gets an extension from the U.S. for its talks to purchase Serbia's NIS
Serbia's energy ministry said that MOL, Hungary's largest oil and gas company, had received a two-week delay from the U.S. government to finish talks on buying a majority stake of Serbia's NIS, an oil company controlled by Russia. Dubravka Djedovic Handanovic, in an Instagram post, said that…
U.S. oil companies in North Dakota are cautious about drilling despite rising prices
?U.S. Oil operators in North Dakota are cautious about increasing?drilling? despite the sharp rise in oil price caused by the Iran War. They want to know if the higher prices will last for long enough to justify the new investment. Mark Bohrer is the assistant director for the Oil and Gas Division of the State's Industrial Commission.
Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the fifth consecutive week.
Baker Hughes, an energy services firm, said in its widely-read report published on Friday that U.S. firms added oil and gas rigs this week for the 'fifth consecutive week' for the 'first time since February 2025. The number of oil and gas drilling rigs, a good indicator of future production…
As the end of the oil era looms closer, a presidential adviser said that UAE has left OPEC and is pumping more.
A senior advisor to the president stated that the UAE's decision to leave OPEC took three years to make and is based on the belief that the world has entered the "autumnal age of hydrocarbons", which means the country must maximize oil revenues as soon as possible. On May 1, the UAE ended…
The UAE was considering leaving OPEC in three years' time, a presidential advisor has said
A senior advisor to the president revealed that the UAE made the decision to leave OPEC three years ago. The country believes the world is approaching the "autumnal hydrocarbon age", and therefore needs to maximize oil revenues as soon as possible. On?May 1, the UAE ceased its membership…
Sources say that despite the disruption caused by Hormuz, OPEC+ leaders are expected to increase their July oil production target.
Four sources have said that seven of the top OPEC+ oil producing?countries are likely to agree?to a'modest increase in July production when they meet June 7th, despite the fact that delivery is still disrupted for many due to Iran's war. Sources said that the monthly target set by seven core OPEC+ member countries is expected to increase by 188…
Devon buys prime Delaware Basin land for $2.6 billion following Coterra merger
Shale producer Devon Energy announced on Thursday that it had acquired 16,300 acres of 'net undeveloped land' in the Delaware Basin, New Mexico. The acquisition was made through a federal leasing program and cost $2.6 billion. This strengthened Devon Energy’s position in the United States’ top shale basin.
Aiyengar, a JPMorgan analyst, sees global companies turning to China in the face of volatility
Anu 'Aiyengar, JPMorgan Global Chair of Investment Banking, said that global companies are more eager to partner with innovative Chinese companies as rising economic and geopolitical risk fuels a dealmaking explosion. Dealmakers will have another record-breaking year in 2026, as CEOs are…
Afentra plans to drill exploration wells in Angola before 2027
Afentra's CEO announced on Thursday that the company is pursuing onshore and offshore exploration to increase production in Angola. Afentra CEO Paul McDade stated that the high crude oil prices caused by the Iran War and the disruption of crude exports through the Strait of Hormuz have helped to underpin Afentra’s strategy in Angola.
Aiyengar, a JPMorgan analyst, believes that global firms are turning to China as a refuge amid global volatility.
Anu Aiyengar, JPMorgan’s Global Chair of Investment Banking, said that global?companies were increasingly keen to partner with innovative Chinese companies as rising economic and geopolitical risks fuelled a dealmaking boom. Dealmakers will have another record-breaking year in 2026, as CEOs…
The Australian far-right party proposes a state oil company and oil fund similar to Norway
One Nation, the Australian populist group led by Pauline Hanson, said it wanted to create an offshore production licenses fund in federal waters and a sovereign wealth fund in the style of Norway. It announced its 'energy policy' at the Australian Energy Producers Conference in Adelaide.
Equinor and Aker BP exchange stakes in several Norwegian oil fields
Equinor, a Norwegian oil company and BP said that they had agreed to swap stakes in several 'oil and gas' fields near the Norwegian coast. This could increase production through accelerating new developments. The initial deals included?stakes? in a cluster known as Ringvei Vest, as well as?the Yggdrasil area and?the?Wisting area.
US oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in Bids
Interior Department reported on Wednesday that a Trump administration auction of drilling rights for oil and gas on federal land in New Mexico and Texas had generated bids totaling $4 'billion. The total of the sale blew away previous government onshore oil and gas auctions, at a moment when…
Colombia completes the exploratory phase for Ecopetrol's geothermal project
The Colombian environment ministry announced a decision on Wednesday to approve the environmental viability of an exploratory phase for the Nereidas geothermal project. This project is led by the state oil company Ecopetrol and the utility CHEC. This is Colombia's?first large-scale geothermal initiative.
Trafigura CEO: Europe's smelters require long-term protection of prices
Trafigura CEO Richard Holtum said that European smelters require "life support", such as price floor protection or long-term price protection, to keep running and compete with the top-end Chinese plants. The European Union and its Western allies are working to diversify supply chains in order to reduce the over-reliance of their industries on China…
Poland to tax oil companies for windfall profits in order to reduce fuel prices
Poland's State Secretary for Energy said on Wednesday that it will propose next week a windfall levy on the profits of 'oil and gas' companies from the surging energy price due to the Iran War to help pay for the national 'fuel tax reductions'. Wojciech Wrochna, in an interview, said that "next week we will present some legislative initiatives".
Andy Home: ROI-Supply is hitting galvanize Zinc as expected surplus does not show up
What is the deal with zinc? Last week, the London Metal Exchange's (LME) 3-month zinc reached a four-year high of $3633.50 per ton. This is a 13% increase since the beginning of the year. The price strength is quite surprising. The January survey of analysts produced a median average price forecast for the second quarter of $3,041.50.
JODI reports that Saudi Arabian crude exports in March fell to their lowest ever recorded levels.
Saudi Arabian crude oil exports fell to a new record low in March of?4.974 millions barrels per?day, according to data from?Joint Organizations Data Initiatives (JODI),?data released on Wednesday. The JODI data revealed that Saudi Arabia's production in March was 6.967 millions bpd. This is also the lowest ever recorded…
Shell subsidiary sells stakes to QatarEnergy in offshore blocks of Uruguay
QatarEnergy acquired three offshore exploration blocks in Uruguay from Shell's subsidiary, marking its first entry in the South American nation's upstream energy sector. The state-owned firm said on Wednesday that it would not disclose financial details. Shell, a key partner in Qatar's energy projects…
Energean, a gas producer, has cut its output and dividends due to the Mideast conflict.
?Eastern ?Mediterranean-focused gas producer Energean cut its 2026 production forecast and dividend on Wednesday after a 41-day shutdown of its Israeli operations hammered its first-quarter results. After Israel's Ministry of Energy lifted the directive that had halted production since late February…
Andy Home: ROI-Supply is hitting galvanized zinc after expected surplus does not show up
What is the deal with zinc? Last week, the London Metal Exchange's (LME) 3-month zinc reached a four-year-high of $3.633.50 metric tons. This is a 13% increase since the beginning of the year. Price strength is surprising. The January poll of analysts generated an average mean price forecast of $3 041.50 per tonne for the second quarter.
Australian maintenance workers strike Woodside's North West Shelf LNG Plant
After failed negotiations with the contractor UGL, maintenance workers at Woodside Energy’s North West Shelf and Pluto LNG export plant in Australia went on strike Wednesday. Offshore Alliance is a 'grouping of the Australian Maritime Union and the Australian Workers Union. It said that workers…
Goldman Sachs reports that US natural gas production shows signs of price sensitivities
Goldman Sachs stated in a Tuesday note that U.S. Natural?Gas production shows signs of price sensitivity, as Henry 'Hub prices have risen above $3 per million British Thermal Units this week for first time since March. Bank of America believes that the continuing signs of U.S. dry-gas?production price sensitivity are the most important…
ConocoPhillips is expecting Qatar gas JVs to be delayed by months, not years.
ConocoPhillips’?Europe Gas chief said that any delays in increasing the liquefied gas production capacity of its joint ventures with Qatar will likely be months and not years. The U.S. Energy Group is a Partner in QatarEnergy’s main LNG Project, which includes offshore installations in the North Field, and onshore installations at Ras Laffan.
Formentera: Asian gas buyers seek more Australian gas due to supply shortage
The energy-focused U.S. investment firm, 'Formentera Partners,' said Tuesday that many Asian buyers of?oil and gas?, including Japan, might look to purchase more gas from Australia, as they struggle with a global shortage caused by the Middle East conflict. At the Australian Energy Producers Conference in Adelaide…
Australian Energy Producers claim that the gas review fails to meet supply goals
Australian Energy Producers' (AEP) Chairman Cecile Wake said on Tuesday that government's review of the gas market falls short of its goal to increase supply. Wake said, "We must not make a false choice" between a well-supplied gas?market at home and a strong industry (liquified natural?gas).
Putin: Russia and China are ready to support each other in issues like protecting sovereignty
In a video message, Vladimir Putin, the president of Russia, said that Russia and China were ready to support each other in a wide range of issues, including national unity, sovereignty and protection. Putin, as he prepared to meet Chinese president Xi Jinping on Wednesday for talks, said…
Australia shares fall to a 1-1/2-month low due to commodities and Mideast tensions
On Monday, the Australian share index fell to its lowest level since more than a month, weighed down by heavyweight stocks linked to commodities, and a rise in crude oil prices, which stoked inflationary fears. The market was uncertain after the U.S. and Israel war against Iran seemed to be stalling. Meanwhile, U.S.
Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the fourth consecutive week.
Baker Hughes, a closely watched energy services firm, said in its report on Friday that U.S. firms added oil and gas rigs for a fourth consecutive week. In the week ending May 15, the oil and gas rig counts, which is an early indicator of future production, increased by three, to 551 - its highest level since late March.
Sources say BP will cut its pipeline gas trading team, as the focus on LNG grows.
BP aims to dismantle the team that trades pipeline gas, according to two sources familiar with the matter. The oil major is focusing on a larger?liquefied gas (LNG), trading. Sources said that BP would lay off 20 employees from its pipeline gas division and fold the rest into the fast-growing LNG business.
Inpex, a Japanese company, will buy a stake in the Australian Browse gasfield from PetroChina
Inpex, a Japanese company, announced on Friday that it would buy PetroChina's 10% share in the Browse gas field offshore of Western Australia. This is the largest undeveloped gas resource for the country. The Japanese company did not reveal the price they paid for the Chinese giant’s 10,67% stake in Brecknock Calliance Torosa Gas Fields.
Sources say that BP is considering selling some Egyptian gas assets
Four people close to the matter have confirmed that BP may sell some of its natural gas assets located in Egypt. This is as Meg O'Neill, the new CEO, restructures BP to reduce debt and focus on more profitable projects. Over the past six decades, BP has invested a total of?more than?$35 billion in Egypt.
Caturus will start construction on a major US LNG plant after receiving $9.75 billion
Mubadala Energy announced on Friday that Caturus, a U.S. company, has given the green light to build a huge liquified natural gas (LNG), facility in Cameron Parish, Louisiana, after raising $9.75 billion for its construction. Mubadala Energy is an Abu Dhabi sovereign wealth fund that holds a 24,1% stake in?Caturus.
Sheinbaum: Pemex CEO Rodriguez to leave
Claudia Sheinbaum, the Mexican President, announced on Thursday that Pemex's CEO Victor Rodriguez will be stepping down. She said that she is nominating?Juan Carlos Carpio to replace him. On Wednesday, it was reported that Rodriguez's fate is uncertain due to his struggle to turn around Mexico’s embattled oil company.
The Australian union has announced that some workers will begin a strike at Woodside's LNG facilities
The Offshore Alliance workers' union announced on Friday that some workers at Woodside Energy’s?Karratha liquefied natural gas /plant in Western Australia and its?Pluto gas?plant in Western Australia would begin striking action as of Wednesday. Offshore Alliance is a grouping of Australian?Workers Union' and Maritime Union of Australia.
EagleRock Land shares soar to $3 billion in value as they debut on the NYSE
EagleRock Land shares rose 24.3% on their New York Stock Exchange debut, valued at $2.99 billion. Stocks of the Houston-based company opened at $23 each, as opposed to the $18.50 offered price. The company sold 17.3 millions shares to raise $320.1million. The debut is a result of the 'Middle East Conflict…
Zambia relaxes export ban on sulphuric acids to Congo, Minister says
Zambia's Trade Minister said that the country has eased restrictions on the mining ingredient. About 2 million metric tonnes of sulphuric acids are produced by Zambia's smelters each year. This is mainly as a by-product for local mines. The surplus is sent to the neighboring Congo. Sulphuric acid…
Angola wants to maintain oil production over the next year, says minister
Angola's oil and minerals minister stated on Thursday that it aims to maintain its oil production?steady in the coming year. He added that the higher prices of its crude exports due to the Iran war are helping to offset the increased costs of imported fuels. According to the International Energy Agency…
The final day of talks to avoid a strike at Inpex’s Australia LNG Plant
The talks to avoid industrial action at Inpex’s Ichthys facility for liquefied natural gas in Australia are entering their 'final day' on Friday. Unions have warned they will issue a strike notice if a deal is not reached. Last month, workers at the 9.3-million-metric-ton-per-year facility near Darwin endorsed a strike over pay and conditions.
Sinopec, a Chinese company, has a major reserve of ultra-deep shale gases.
Sinopec, the Chinese oil major, said it has?booked large?proven?reserves of gas in its ultra-deep Ziyang Dongfeng?shale gas?field. The company said it has received official approval of proven geological resources of 235.687 billion cubic meters (8.323 trillion cubic feet) at the Ziyang Dongfeng Field, which is located more than 4,500 meters deep (14,764 ft).
EagleRock, a land management company, raises $320 million through its US IPO
EagleRock, an American land and resource management firm that collects royalties and fees for oil and gas production in the Permian basin on the lands it controls, raised $320.1 million on Wednesday through its initial public offering. The Houston-based firm sold 17.3 millions shares at $18.50 each, hitting the mid-point in its range of $17-$20 per share.
US upstream oil & gas deals hit a two-year high during Q1 2026
Enverus, a firm that provides analytics, reported on Wednesday that the amount of deals in the U.S. oil and gas sector upstream jumped to $38 billion during the first quarter this year. This was the highest quarterly figure in two years. Last week, Devon Shale Producers and Coterra, a smaller competitor to Devon…
BP will meet with union leaders for Whiting refinery talks next week
BP and the United Steelworkers union announced on Wednesday that they will be meeting with 'union leaders' on Monday in order to re-start contract negotiations at their oil refinery in Whiting, Indiana. We look forward to returning the table for negotiations to reach an agreement which will preserve strong jobs by improving refinery performance and safety.
Pemex confirms death in Oaxaca refinery explosion of injured worker
Pemex released a statement Wednesday confirming that a Pemex worker injured in the explosion at Oaxaca refinery in 'the Port of 'Salina Cruz, died Tuesday night while being treated on his way to hospital. Medical reports cited by the Mexican newspaper Milenio on Wednesday indicated that Pemex…
Fervo Energy is valued at $10.21 Billion in Nasdaq debut
Fervo Energy's shares rose 33.3% on Wednesday in its Nasdaq debut, giving the geothermal energy developer a value of $10.21 Billion. The Houston-based company's shares opened at 36 dollars, above the $27 offer price. The company sold 70?million?shares at $27 each, which was above the marketed price range, to raise $1.89 billion.
OPEC reduces 2026 forecast for global oil demand growth
OPEC lowered on Wednesday its forecast of global oil demand growth for 2026. It joined other forecasters, such as the International Energy Agency, in lowering expectations due to Iran's war. The producer group believes that the demand will be less affected than the IEA. On Wednesday, the…
Serbia is not satisfied with MOL's proposal for NIS oil company
Belgrade was not happy with the revised proposal made by Hungary's MOL regarding its purchase of a majority share in Serbia's oil company NIS, said the country's energy minister on Wednesday. The talks between MOL, the majority owner of NIS and Russia's Gazprom and Gazprom (44.9% and 11.3% respectively) are separate.
Inpex, Japan's oil company, raises its full-year profit estimate as oil prices rise
Inpex, Japan's largest oil and gas exploration company, raised its net profit forecast for the full year on Wednesday. It cited higher than expected crude oil prices as well as a weaker Japanese yen in light of the Middle East crisis. Inpex has revised its 'net profit forecasts for 2026 to…
Copper prices rise as investors purchase over concerns about supply
On 'Wednesday, copper reached a new three-month-high as investors bought on future supply concerns. Middle East uncertainty kept oil prices high and higher than expected U.S. inflation dimmed the prospects for a near-term rate cut. As of 0700 GMT, the benchmark three-month copper price on the London Metal Exchange increased by 0.83%…
Europe's first-quarter earnings are a mixed bag for consumers and growth.
A majority of European companies have reported their first-quarter earnings. As a result, the corporate profits will rise faster than ever in three years. This is due to strong growth from the financial and energy sectors. As the war drags on, concerns are growing for consumers. According…
IIR Energy reports that Mexico's Salina Cruz Refinery has been partially closed after a fire.
Mexico's state oil company Pemex was forced to partially shut down its 325,000-barrel-per-day Salina Cruz refinery in Oaxaca on Monday after a fire at the plant injured six people, according to a source familiar with the matter and industry monitor IIR Energy. These issues, which?were exacerbated…
S&P downgrades Mexico's outlook due to debt and growth concerns
S&P, a credit rating agency, revised Mexico's outlook on Tuesday from "stable" to "negative", citing the possibility of a?very slow?fiscal reorganization largely due to weak economic growth. This could result in a faster than expected increase in government debt as well as a higher burden of interest.
Ecopetrol's Q1 profit drops 7.7%
Ecopetrol, Colombia's state-owned oil producer, reported on Tuesday a 7.7% decline in net profit for the first three months of 2026 from a year ago. This was due to lower sales and exchange rate effects. Higher taxes also offset gains made by a strong refining performance. The company reported…
Petrobras, Brazil's largest oil company, looks to Mexico for opportunities through a partnership with Pemex
Magda Chambriard, CEO of Brazil's Petrobras, said that the company would?send representatives" to Mexico in order to explore business opportunities. The firm is looking to a possible?partnership? with another state-run oil?firm called?Pemex. Chambriard, who is a representative of the Brazilian firm…
Wall St. falls as inflation and Iran tensions weigh.
S&P 500 and Nasdaq fell from their record highs Tuesday. Technology stocks led the declines after a hotter than expected?inflation rate report, as well as stalled attempts to resolve the Middle East conflict, weighed on sentiment. U.S. consumer prices rose at a rapid pace in April for the second consecutive month…
Wall St. falls as CPI and Iran tensions weigh down on sentiment
Wall Street's major indexes dipped a little?on Tuesday. The S&P 500, and the Nasdaq both pulled back from their record highs following a higher-than-expected inflation report and faded hopes for a quick?resolution of the Middle East conflict. U.S. consumer price rose at a rapid pace for the second consecutive month in April.
Wall St. to open lower after April inflation data
Wall Street index futures point to a lower opening on Tuesday as investors weigh a hotter than expected inflation report, and faded?hopes of a quick resolution to the Middle East conflict. U.S. consumer price rose at a rapid pace for the second consecutive month in April. This pushed annual inflation to its highest levels in almost three years…
Wall St futures drop as AI rally cools down; inflation data is in focus
?U.S. Stock index futures dipped on Tuesday, as the rally in chip stocks waned and investors lost hope for a quick resolution to the Middle East conflict. Investors also waited to see a crucial inflation report. Donald Trump declared that a ceasefire between the United States and Iran is "on life support", after Tehran rejected the U.S.
Venture Global raises its annual core profit forecast due to higher liquefaction charges and LNG sales
Venture Global, a U.S. company, raised its full-year adjusted core profits forecast on Tuesday. It attributed this to higher liquefaction charges and LNG sales volumes. This sent the shares of Venture Global soaring 8.4% during premarket trading. The U.S. has seen a sharp increase in exports…
Venture Global increases its annual core profit forecast due to higher liquefaction charges and LNG sales
Venture Global, a U.S. company, raised its core profit forecast for the full year on Tuesday. This was due to higher liquefaction charges and stronger LNG sales volumes. The export of super-chilled fuels from the U.S. has increased sharply since the Middle East conflict disrupted the energy markets.
Copper prices rise on Fund Buying Despite Fading Iran Peace Hopes
Copper prices rose on Tuesday, as funds bet on more gains due to supply problems and bullish technical signals. They ignored a lot of 'worries' about the lack of progress in ending the Iran War. The benchmark three-month copper price on the London Metal Exchange rose 0.4% to $13,992.50 per metric tonne by 0940 GMT.
