Global oil markets surged into sharp volatility after Iran warned it could halt all oil shipments passing through the Strait of Hormuz, a key maritime corridor that carries about 20 percent of the world’s crude supply. Crude prices briefly climbed above 100 dollars per barrel this week for the......
OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have......
Shell, TotalEnergies, and several companies in Asia have declared force majeure on downstream contracts linked to Qatari liquefied natural gas deliveries, according to a Reuters report citing sources familiar with the matter. The move follows Qatar’s own force majeure declaration earlier in March......
European natural gas prices dropped sharply after a surge triggered by the conflict involving the United States, Israel, and Iran, as traders reacted to comments from U.S. President Donald Trump suggesting the war could end in the near future. The benchmark Dutch TTF gas price, the main reference for......
Global oil markets have experienced extreme volatility this week, with crude prices swinging by tens of dollars within hours as traders struggled to interpret conflicting signals from Washington about the United States conflict with Iran and the security of the Strait of Hormuz. Brent crude futures......
Global stock markets experienced renewed volatility this week as sharp movements in oil prices and shifting signals from the conflict involving the United States and Iran unsettled investors. In the United States, the S&P 500 closed down 0.2 percent on Tuesday, March 10, after surrendering earlier......
Volkswagen plans to eliminate about 50,000 jobs in Germany by 2030 as the automaker accelerates restructuring efforts following a sharp decline in annual profits. The announcement came as the company reported earnings at their lowest level since the 2016 diesel emissions scandal. Chief executive Oliver......
Gold is trading at an unusual discount in Dubai, one of the world’s most important hubs for physical bullion trade, as conflict involving the United States, Israel, and Iran disrupts transport routes and breaks the supply chains linking the precious metal to global markets. Traders in Dubai are......
Porsche’s operating profit plunged by 98 percent in 2025, falling to just 90 million euros from 5.3 billion euros a year earlier after billions of euros in charges tied to a major shift away from its all electric vehicle strategy wiped out nearly all earnings. The results, released Tuesday as part......
Oil markets swung sharply Monday after crude prices climbed above $100 per barrel for the first time since Russia’s invasion of Ukraine in 2022, while G7 governments debated whether to release strategic petroleum reserves to counter disruptions caused by the war involving the United States, Israel......
Western energy companies not reliant on Persian Gulf supplies are emerging as the main financial winners as the United States and Israel’s war with Iran enters its second week, with American liquefied natural gas exporters positioned for what analysts describe as one of the largest commodity windfalls......
Volkswagen reported a sharp decline in profits for 2025, with operating earnings falling by more than half as U.S. tariffs and intensifying competition in China weighed on the German automaker’s performance. The company said it expects only a modest recovery in 2026 as it adapts to what executives......
U.S. stock markets recovered sharply late in the trading session after President Donald Trump suggested the war involving the United States and Israel against Iran could soon come to an end, easing some of the pressure from an energy shock that had shaken global markets earlier in the day. Oil prices......
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