Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Treasury Buyback Fails to Cool Long-Term Yields 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Hormuz Vessel Traffic Drops to Single Digits 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Add as a preferred source on Google
Denmark will end all new oil and gas exploration in the North Sea, in fulfillment of its plan to stop extracting fossil fuels by 2050.
Its government also agreed to cancel its latest licensing round on Thursday.
Denmark, which produces much less oil than non-EU members Norway or the UK, is currently the largest producer in the European Union. The country pumped 103,000 barrels a day in 2019. It has 55 drilling platforms on its territory, across 20 oil and gas fields.
According to Danish climate minister Dan Jorgensen, being the European Union's biggest oil producer, Denmark's decision will therefore resonate around the world.
The decision will cost Denmark about $2.1 billion, according to estimates by the energy ministry.
