Goldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies
A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extende
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A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extende
Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the c
Oil climbed for a third day and gold fell for a fourth while bitcoin is up 1.6% on the week.
U.S. spot bitcoin ETFs lost a net $84 million on Wednesday, ending a three-day inflow run that had pulled in roughly $509 million
The reversal in oil markets could mean gas prices will rise again after weeks of declines.
Fuel price surge triggered by conflict brings pain for consumers but profit gusher for US groups
A move against Spain would face political, legal and practical issues and probably provoke a wider trade war with the European Union. It could also roil markets
Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.
Fresh data showed that the number of ships moving through the Strait of Hormuz halved on Wednesday amid renewed fighting.

Oil rises as US-Iran conflict clouds peace prospects
Tech futures rose overnight after Nvidia, Dell and other AI stocks bounced and SpaceX hit a new low. Oil prices kept rising on Iran news.
US stock futures pointed to another mixed Wall Street session on Thursday, as investors weighed fresh developments in the Middle East against signs that chip st
Ukraine has landed one of its most consequential blows yet against Russia's energy sector, knocking out the country's largest oil refinery just as Moscow is scr
Despite a lull in peace talks progress between Iran and the United States, analysts have once again started to talk about oversupply as tankers leave the Persia
Chevron and Exxon are expected to report their best quarter since 2022 this month, as the war that the United States and Israel started against Iran on February
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 399,000 barrels in the week ending July 3. In the week
Late June/early July normally brings twin events from Iraq for the global oil industry: an announcement that it intends to increase its crude oil production to
Oil prices have dropped back to pre-war levels since the United States and Iran agreed to negotiate a deal under a framework that included the reopening of the
Crude oil prices moved higher today, extending gains from earlier this week after the United States and Iran exchanged military strikes again, following Iran’s
The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of th