Commodities

Crude awakening: The White House’s oil numbers don’t add up

U.S. Energy Secretary Chris Wright claimed that more than 17 million barrels of oil flowed through the Strait of Hormuz on Monday, exceeding pre-Iran...

EnQuest is interested in buying BP’s North Sea assets, CEO tells CNBC

British energy exploration and production company EnQuest has confirmed its interest in acquiring BP's North Sea assets in the U.K. sector. CEO Amjad Bseisu...

Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’

The Dutch central bank (DNB) transferred approximately 86 tons of gold from the United States and Canada to the United Kingdom between March and...

The world appears to be entering a higher-rate era. Here’s who will pay the price

Global bond yields are hitting levels not seen since 2008-2011, with Japan's 10-year yield holding above 3%, U.S. Treasuries at their highest since November...

Iran fires on U.S. allies in Gulf after night of American strikes it claims killed four at a wedding

Iranian forces targeted U.S. allies in the Gulf region on Wednesday, hours after American strikes that included an attack on a wedding in the...

The Trump Administration says more oil exited the Middle East this week than before the Iran war, but the data says otherwise

U.S. Energy Secretary Chris Wright claimed Monday that more than 17 million barrels of oil flowed through the Strait of Hormuz, exceeding pre-war levels...

Trump floats renaming Strait of Hormuz the ‘Trump Strait’

President Donald Trump proposed on Wednesday to rename the Strait of Hormuz as 'Trump Strait' on his Truth Social network, less than a week...

Energy Secretary Chris Wright tells CNBC more than 17 million barrels of oil transited Hormuz on Monday

More than 17 million barrels of oil transited the Strait of Hormuz on Monday, a record since the Iran war began in late February,...