(BOE Report) – Trade in agriculture, energy and rare earths has become major bargaining chips in the trade war between the United States and China and are likely to feature again when President Donald Trump hosts his counterpart Xi Jinping in Washington next week. Here’s what else we know: AGRICULTURE Agricultural goods, led by soybeans, are one of the biggest
(Investing) – LONDON – Oil prices pared earlier losses on Friday as markets assessed Saudi supply alongside concerns about a widening Middle East conflict. Brent crude futures fell by 33 cents, or 0.31%, to $104.49 a barrel by 1411 GMT. US West Texas Intermediate futures gained 88 cents or 0.86% to $102.79. Brent crude hit a session low of $101.92 a
(Investing) – HOUSTON – Oil prices eased about 2% on Thursday to a one-week low, after reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above $100 a barrel on fears the Middle East conflict could widen. Brent crude futures were down $2.67, or 2.5%, to $103.13 a barrel at 12:03 p.m. ET (1603 GMT), after
(Oil & Gas 360) By Greg Barnett, MBA – Obama Understood the Politics. Biden Worsened It With Failed Energy Policies. Faced it in 2022. Trump Confronts it in 2026. Gasoline prices may be one of the few economic statistics Americans can recite without opening an app, reading an analyst report, or waiting for a government release. The number is posted
(Oil & Gas 360) By Michael Smolinski – The U.S. Now The World’s Largest Petroleum And Natural Gas Exporter, Has Higher Prices, Funding Growth, Prosperity Production And Value UP. Back in 2008 the price of crude rising to $145 per barrel gave us Crash 2008. Up to $100+ now is funding growth. This century having oil and natural gas
(Investing) – Oil prices rose sharply on Monday after more Houthi attacks on Saudi Arabia, as well as postponed talks between Gulf countries and Iran over the Strait of Hormuz, drove worries over prolonged Middle East shipping disruptions. Brent oil futures briefly had surged by 4.3% to $109.14 a barrel by 09:48 ET (13:48 GMT). West Texas Intermediate crude futures had risen
(By Oil & Gas 360) – Brent crude crossed $100 per barrel this week as the Iran conflict entered a more dangerous phase, with threats against Gulf energy infrastructure, attacks affecting tankers and Saudi energy operations, and growing concern that disruption could spread across multiple critical shipping corridors. For months, oil markets demonstrated an impressive ability to distinguish between geopolitical
(Oil Price) – Crude oil prices are poised for further increases and the trending trajectory is higher, as global inventory drawdowns have accelerated and China is back to buying significantly higher crude oil volumes than in the spring, Energy Aspects founder and market intelligence director, Amrita Sen, told CNBC on Friday. The intensified shipping risks in the Middle East with tanker
(Investing) – HOUSTON – Oil prices fell on Friday but remained on course for a weekly gain of more than 9%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures were down $2.46, or 2.29%, at $105.17 a barrel at 11:33 a.m. (1633 GMT). U.S. West
(Investing) – NEW YORK – Oil prices jumped 6% on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies. Brent crude futures hit their highest since mid-May, rising $5.87, or 5.8%, to $107.08 a barrel by
(Oil Price) – Uncertainty about how the wars in Iran and Ukraine will unfold is keeping many traders away from taking positions in longer-dated futures contracts, according to investment bank Morgan Stanley. Most traders have now moved to bet on futures prices within a three to six-month period, instead of longer-dated futures contracts, as volatility has spiked and uncertainty has
(World Oil) – Saudi Arabia halted operations at several energy facilities in the south after fresh Houthi attacks sparked fires, adding to concerns over oil supplies as Brent crude approaches $100/bbl. The Yemen-based Houthis said they targeted Saudi Aramco facilities in Abha, Najran and Jazan with ballistic missiles and drones, according to a statement from the group’s military spokesperson. Saudi Arabia’s energy
