Shell Signals Stronger Q2 Performance as Refining and Chemicals Margins Improve
Shell expects stronger second-quarter performance as refining margins, chemicals profitability and energy trading improve ahead of earnings.
Saudi Arabia Reprices Its Crude as Global Oil Market Shifts From Supply Shock to Buyer Competition
Saudi Arabia cut August crude prices as Gulf exports recovered, OPEC+ raised output and competition for Asian buyers intensified sharply.
CME Launches New Beef Futures as Record US Prices Reshape Food Commodity Markets
CME Group will launch new beef futures as US cattle supplies hit a 75-year low, helping food companies hedge record-high beef prices.
Shell Forecasts Global LNG Demand to Surge 65% by 2050 Despite Middle East Disruptions
Shell expects global LNG demand to reach nearly 700 million tonnes by 2050 despite ME disruptions, as energy security drives long-term investments
IEA Sees Global Oil Market Shifting Toward Surplus in 2027 Despite Record Inventory Drawdowns
The IEA expects global oil supply to outpace demand in 2027 as Middle East output recovers, despite record inventory draws during 2026.
Gold Rebounds Above $4,000 After Weekly Selloff, But Six-Month Losses Reach 19%
Gold closed at $4,089 after briefly falling below $4,000, but remains down 8% for the month and 19% over six months.
Oil Rebounds Nearly 2% as Tanker Incident Renews Strait of Hormuz Concerns
Oil climbed nearly 2% after a tanker incident near Oman revived concerns over shipping through the Strait of Hormuz.
Oil Drops Below $70 as Middle East Supply Fears Ease, While Fuel Markets Remain Tight
Oil fell below $70 a barrel as Hormuz traffic resumed and US-Iran talks progressed, while diesel and heating oil markets remained relatively tight.
Gold Slides Toward Multi-Month Lows as Stronger Dollar and Easing Geopolitical Risks Pressure Safe-Haven Demand
Gold fell to around $4,025 an ounce, losing nearly 12% in a month as a stronger US dollar and easing geopolitical risks weighed on safe-haven demand.
Brent Falls Below $77 as US-Iran Progress Eases Oil Supply Fears
Brent crude fell below $77 per barrel as progress in US-Iran talks and a temporary waiver for Iranian oil eased global supply concerns.
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