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Mon, Oct 12, 2026 09:46 PM All times are UTC

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Oversupply puts refinery margins of diesel under pressure

Jul 21, 2015 09:26 am UTC| Commentary

Saudi Arabia has likewise evolved to become a major net exporter of oil products, because it has also invested hugely in expanding refinery capacities in the meantime,The distillates market in particular is being flooded...

Record-high diesel exports by China in June, oversupply of oil to weigh on prices

Jul 21, 2015 09:21 am UTC| Commentary

Oil prices are still showing a tendency towards weakness. Brent is trading at below $57 per barrel, while WTI has dipped below the $50 per barrel mark for the first time since the beginning of April.The prospect of ongoing...

Norges Bank to cut rates in September

Jul 21, 2015 09:16 am UTC| Commentary

Norges Bank cut rates as expected in June and presented a quite dovish rate path. The rate path indicates 2/3 probability of a rate cut in September."A rate cut is expected, but Norges Bank is not expected to signal this...

Riksbank to stay on hold in July

Jul 21, 2015 09:11 am UTC| Commentary

The Riksbank is determined to boost inflation ahead of the upcoming pay talks. Inflation has indeed risen over the past year and was higher than the Riksbanks view in May. The Riksbank is expected to stay on hold in...

BoE to start hiking rates at the end of 2015

Jul 21, 2015 09:07 am UTC| Commentary

The UK labour market is strong and real wages will continue to pick up gradually as the labour market tightens further."Thus, despite below-target inflation, it is forecasted that the BoE will start hiking rates at the end...

BoJ likely to expand QQE programme in Q4

Jul 21, 2015 08:58 am UTC| Commentary

The BoJ is expected to expand its open-ended QQE programme in Q4 2015 by increasing the monetary base by JPY 90trn (18% of GDP) per year. Currently the monetary baase per year is JPY 80trn.Even with a rebound in oil...

US economy to regain momentum in Q3

Jul 21, 2015 08:54 am UTC| Commentary

Recent data suggest that the US economy is regaining momentum after the weakness in Q1. Fed lift-off will come at the September FOMC meeting, but risks remain skewed towards a later hike (December)."The upper end of the...

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Economy

Fed's Hammack Urges Faster Rate Hikes to Fight Inflation

Cleveland Federal Reserve President Beth Hammack called for relatively swift interest rate increases on Monday, warning that broadening inflation pressures could make it harder for the US central bank to achieve its 2%...

Oil Prices Surge Above $106 After Deadly Saudi Airport Attack

Oil prices climbed on Monday as escalating Middle East tensions pushed Brent crude above $106 per barrel following a deadly Houthi attack on a Saudi Arabian airport. However, gains were limited by U.S. President Donald...

Nasdaq Falls as Oil Prices Surge Ahead of Bank Earnings

U.S. stocks ended mixed on Monday, with the Nasdaq Composite declining as oil prices surged nearly $2 per barrel following deadly attacks on Saudi Arabias Riyadh international airport. Investors also remained cautious...

Trump Defends Russian Diesel Deal Amid US Sanctions Backlash

US President Donald Trump defended his controversial diesel agreement with Russia on Monday, despite growing bipartisan criticism from lawmakers who warn that the arrangement could violate US sanctions and restrictions on...

Wall Street Ends Mixed as Investors Await CPI and Bank Earnings

Wall Street closed mixed on Monday as investors prepared for crucial U.S. inflation data and quarterly earnings from major banks. Rising oil prices and geopolitical tensions also influenced market sentiment ahead of a busy...

Politics

Most Americans Oppose Election Betting on Prediction Markets, Poll Finds

A majority of Americans oppose betting on US elections, military operations and government decisions through prediction markets, according to a Reuters/Ipsos poll, highlighting public concerns as regulators consider new...

Elon Musk Donates $366 Million to 2026 US Midterms

Elon Musk has poured approximately $366 million into the 2026 US midterm elections, making the Tesla and SpaceX CEO potentially the largest individual political donor of the election cycle as Republicans fight to retain...

Jordan Bardella Antisemitism Allegations Threaten Le Pen’s Campaign

French far-right National Rally (RN) president Jordan Bardella is facing mounting political pressure over allegations of antisemitism, raising questions about the partys efforts to distance itself from its controversial...

North Korea Fires Ballistic Missiles Amid Rising Tensions With South Korea

North Korea launched multiple ballistic missiles toward the sea off its eastern coast on Monday, escalating tensions with South Korea following Seouls recent hypersonic missile test. The launches marked Pyongyangs fourth...

Trump Plans White House Shake-Up of Key AI Safety Agency

President Donald Trumps administration is preparing to transfer three senior officials from the Center for Advancing Innovation and Standards for Super Intelligence (CAISSI) to the White House as part of efforts to...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO

Senior executives at Chinese artificial intelligence startup Moonshot AI are reportedly negotiating a settlement in a shareholder dispute ahead of the companys planned Hong Kong initial public offering (IPO). According to...

Meta Launches Muse Wonder AI Models, Shares Rise 3.7%

Meta Platforms has unveiled its latest artificial intelligence models, Muse Wonder and Muse Wonder Full, marking a major step in the companys efforts to compete with leading AI developers. The announcement on Monday...

Epic Games Delays Disney Shooter, Shifts to AI-First Development

Epic Games has reportedly postponed the launch of its upcoming Disney multiplayer shooter as the Fortnite developer adopts an artificial intelligence-driven approach to game production, according to Bloomberg. The highly...

Arthur Hayes Announces FLOP Testnet Launch Within Weeks

BitMEX co-founder Arthur Hayes has announced that Flop Labs plans to launch its FLOP testnet within weeks, introducing a blockchain network designed to support artificial intelligence (AI) computing. The upcoming 90-day...

Samsung, SK Hynix Shares Fall as China's CXMT Advances DRAM Technology

Shares of South Korean semiconductor giants Samsung Electronics and SK Hynix dropped more than 3% on Monday after Chinese memory chipmaker ChangXin Memory Technologies (CXMT) announced progress in advanced DRAM technology,...