Commodities
Saudi Aramco chief says replenishing global oil stockpiles could take two years
Saudi Aramco CEO Amin Nasser said Monday it could take up to two years to rebuild global oil inventories as the U.S.-Iran war continues...
Commodities
Persian Gulf oil flows return to prewar levels, but Iran could resort to a ‘scorched earth campaign’ as U.S. deploys more ships and Marines...
Persian Gulf oil exporters have recovered to nearly prewar levels, with flows estimated at 98% by JPMorgan, or roughly 19 million barrels per day...
Commodities
OPEC+ agrees to keep November oil output targets steady
OPEC+ agreed on Sunday to maintain its November oil production targets unchanged during a brief online meeting of seven core members: Saudi Arabia, Russia,...
Commodities
In crude Ohio rally speech, Trump says he may not help if Democrats win
President Donald Trump held a rally in Ohio on Saturday to boost Republican candidates in the midterms, including Senate candidate Jon Husted and gubernatorial...
Commodities
After threatening to ban U.S. exports of diesel fuel, Trump admits ‘we were never going to do it’
The G7 nations announced plans to release 100 million barrels of oil and refined products, starting with substantial diesel quantities after fuel prices hit...
Commodities
High-tech vehicles are driving up auto repair costs for shops and consumers
Increasingly sophisticated vehicles are forcing repair shops to spend more on computers, software and calibration equipment, costs that mechanics say are being passed on...
Commodities
Europe’s leaders rush to release diesel from stockpiles as fuel-shock hangs over U.S. midterms
European leaders agreed on Friday to release some of their strategic diesel stockpiles to address the energy crisis. This decision caused oil prices to...
Commodities
U.S. trade representative Greer says deal with India not ‘imminent’ after Modi-Trump call
U.S. Trade Representative Jamieson Greer said Thursday that a trade deal with India was not imminent, despite a call between President Donald Trump and...