Keywords: Oil
Growth in the U.S. services sector slowed in March, while the costs businesses pay for inputs surged to levels not seen in over three years, signaling rising inflation pressures amid ongoing geopolitical tensions in the Middle East. The Institute for Supply Management (ISM) reported that its non-manufacturing......
Canada’s services sector has continued to weaken, reflecting the impact of global uncertainty and rising operational costs. According to recent data, business activity declined for a fifth consecutive month, although the pace of contraction showed slight signs of easing. The slowdown has been......
Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not......
India’s National Stock Exchange of India has announced plans to introduce new crude oil futures contracts based on international price benchmarks, in collaboration with S&P Global Energy. The initiative aims to strengthen the country’s commodity derivatives market and improve access for......
The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International......
The war in Iran has triggered a cascading energy crisis from Southeast Asia to Europe, with governments imposing fuel rationing, grounding aircraft, and shutting institutions as the closure of the Strait of Hormuz chokes off roughly one fifth of the world's oil and gas supply. Goldman Sachs has described......
Futures for Canada’s main stock index edged higher on Monday as investors returned from the Easter holiday amid reports of a peace proposal between the United States and Iran, raising hopes for an easing of Middle East tensions. June futures on the S&P/TSX Composite Index increased by 3.20......
Oil prices settled around $110 per barrel on Monday as markets remain tense over the Middle East conflict, where Donald Trump has threatened critical Iranian infrastructure, while potential negotiations are being monitored. In Tokyo, one of the few exchanges open on this Easter Monday, the stock market......
Escalating conflict in the Middle East erased approximately $62 billion from the combined wealth of Southeast Asian billionaires in March, reshuffling the region's richest rankings as Asia-Pacific stock markets buckled under surging energy prices and a collapse in investor confidence. The 150 ASEAN......
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