The crude oil market was rather muted on Thursday due to the US Thanksgiving celebrations. However, USO ETF extended its previous gains, having bounced off its one-month low. Beyond the holiday-triggered drop in participation, the market is reacting to mixed signals. From hopes of a peace plan to end the Russia-Ukraine war to the OPEC+
Global investment in geothermal energy is set to soar, with capital expenditure (capex) projected to climb by approximately 20% annually through 2030, according to the latest analysis from Rystad Energy. The growing momentum in geothermal energy, which harnesses heat from the earth’s depths, is expanding its reach beyond established centers in Southeast Asia and the
Gold prices rose to an over one-week high on Wednesday as hopes for an interest rate cut by the US Federal Reserve next month increased. Silver prices also rose 1%, tracking gains in gold, with the metal nearing the $52 per ounce level. Meanwhile, oil prices were volatile throughout the day amid uncertainty over a
Gold prices were volatile on Tuesday, with traders anticipating another rate cut by the US Federal Reserve next month. But, prices fell at the time of writing as the US producer price index, a key indicator of consumer price inflation, rose 0.3% from the previous figure, boosting the dollar index. Meanwhile, oil prices slipped more
According to Reuters, Venezuelan President Nicolas Maduro has both the incentive and the flexibility to provide crude oil cargoes, the majority of which now go to China, as a bargaining chip if negotiations with the United States progress. President Donald Trump’s administration, which has strengthened its military presence in the Caribbean, has indicated that it
Defying the broader slump in energy prices, the cost of EU emissions trading is on an upward trajectory, having climbed a solid 9% since the start of the year, with Commerzbank AG analysts predicting this trend will continue into next year. Both demand and supply factors are contributing to the support. The EU economy is
Global technology, geopolitical tensions, and economic market shifts dominated the news cycle as developments unfolded across AI, international security, and financial markets. OpenAI is forecasting a sharp expansion in paid ChatGPT users, Taiwan is preparing a significant defence spending increase amid rising pressure from Beijing, negotiations toward a potential Russia–Ukraine peace agreement progressed, and Asian
Volatility in energy markets, especially oil prices, is far from over amid the uncertainty surrounding the peace deal between Russia and Ukraine. Last Friday, the West Texas Intermediate oil prices fell to their lowest level of $56 per barrel in a month after having traded close to $61 earlier in the week. Last week’s selloff
India’s top court has introduced a rare turning point in the country’s approach to large financial crime cases by allowing billionaire brothers Nitin and Chetan Sandesara to avoid criminal prosecution if they repay part of what they owe. The decision is tied to a long-standing $1.6 billion bank fraud case involving loan defaults across Indian
Saudi Aramco is exploring a sweeping round of asset sales that could reshape how the company manages its vast energy and infrastructure network. The early discussions show the oil giant assessing ways to raise billions of dollars by selling a mix of holdings. The plans, reported by Bloomberg, come at a time when global energy