Commodities
The hidden silver lining of high interest rates: Safer, cheaper retirement income. Annuity payout rates are closely tied to interest rates
High interest rates present an unexpected advantage for retirement income. Annuity payout rates are directly tied to prevailing interest rates. When rates rise, the...
Commodities
The latest oil-price shock rippling through the economy is a refining crisis — not a crude crisis
The latest oil price shock affecting the global economy is driven by a refining crisis, not a crude oil crisis. Insufficient refining capacity is...
Commodities
Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude back above $100
Oil prices rose on Thursday, reversing earlier losses, after a report revealed that Chinese refiners, including PetroChina, have suspended planned October fuel exports to...
Commodities
Trump ‘thinking about’ diesel export ban, but says it could have ‘negative impact’ on gasoline
President Donald Trump said Wednesday he is still « thinking about » banning diesel exports to address high energy prices, while acknowledging it could...
Commodities
Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
Crude oil exports through the Strait of Hormuz reached a seven-day average of 13.5 million barrels per day, matching prewar levels, boosted by U.S....
Commodities
Gold is supposed to be a safe haven when inflation surges. So why isn’t it working that way now?
Gold has traditionally been considered a safe-haven asset during market stress or high inflation. However, in September, this historical relationship failed to hold. While...
Commodities
A $16 billion oil refinery is coming to East Africa with capacity for 700,000 barrels a day
Five African heads of state inaugurated on Wednesday a $16-billion oil refinery project in East Africa. The refinery will be built in Lamu, Kenya,...
Commodities
Current price of oil as of Sept. 30, 2026
On September 30, 2026 at 9:25 a.m., the price of oil stood at $102.56 per barrel using the Brent benchmark, up $2.37 from the...