G7 members, IEA reportedly to discuss on joint release of emergency oil reserves
The Financial Times is reporting that G7 finance ministers will be discussing a possible joint release of petroleum from reserves co-ordinated by the IEA later today. That in accordance to their meeting set up from last week here. I guess this meeting just went from one that was rather lame to become quite an important […]
Bahrain’s major oil refinery also reportedly struck by Iranian drone attack
It is being reported by Reuters that there is thick smoke rising from the direction of Bahrain’s Bapco oil refinery. This is one of the oldest and most strategic energy hubs in the region, with Bahrain even investing heavily to modernise the facility and infrastructure. For some context, the energy accounts for roughly 70% of […]
investingLive Asia-Pacific market news wrap: It’s the largest one-day rise in oil, ever
Markets: WTI crude oil up $22.15 to $113.10 per barrel US 10-year yields up 6.8 bps to 4.20% Gold down $73 to $5097 USD leads, EUR lags Gold down $69 to $5100 Nikkei down 7.0% Kospi halted after 8% decline ASX 200 in worst day since covid, down 4.3% The weekend war news wasn’t good. […]
Everything that Trump hates is what is happening in markets
What a scintillating start to the new week this is. Oil prices have surged by well over 20%, poised for its largest one-day gain on record. And we’re talking about prices near $120 again after having initially hesitated to get above $80 last week. I mentioned last week already that the $80 mark was the […]
Oracle reportedly considers massive layoffs as AI spending strains cash flow
Check out what’s clicking on FoxBusiness.com. Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data centers. The tech powerhouse may slash 20,000 to 30,000 positions, possibly cutting 12–18% of its global workforce of roughly 162,000 employees, tech magazine CIO […]
Make Or Break Year: Alec Bohm
Players highlighted in the “Make Or Break” feature normally fall into one of a few familiar categories. Sometimes it’s a former star prospect running out of chances to prove they belong in the majors, or perhaps it’s an established star trying to bounce back after a down year or two, or maybe it’s a veteran […]
Today is now the largest one-day percentage gain for crude oil ever
Today is now the largest one-day percentage gain in oil futures history, or it will be if it holds. The April contract just crossed a 25% gain. That breaks the record on April 2, 2020. On that day, WTI jumped 24.7% to $25.32 in anticipation of significant production cuts after Trump said Saudi Arabia and […]
Oil prices top $100 per barrel as U.S.-Israeli war disrupts Middle East shipping
National Energy Dominance Council executive director Jarrod Agen discusses the Iran conflict’s impact on oil prices and efforts to restock U.S. munitions on ‘The Bottom Line.’ Oil prices passed $100 per barrel on Sunday as the U.S.-Israeli war against Iran disrupts production and shipping in the Middle East. This is the first time in nearly […]
Australian dollar reccovers somewhat. What we’re watching.
It’s always darkest just before dawn. We’re one TACO away from a massive reversal in sentiment. The question is: Will Iran (and Israel) agree to stop the bombs if Trump asks? That would be a huge climbdown from the President but he’s not going to like headlines about oil going up the most in one-day […]
One Ford model dodges wave of recalls that swept entire lineup since 2020
Check out what’s clicking on FoxBusiness.com. Over the past several years, Ford has found itself in hot water, with recalls sweeping through nearly every model in its lineup between 2020 and 2026 — all but one. Only the Ford GT, a mid-engine two-seater sports car, escaped the issues that plagued the rest of the lineup, […]
