Finance news

Methane Ordinance: Minister Reiche warns of supply bottlenecks for gas and oil

Is there now a threat of trouble in Berlin? Economics Minister Reiche wants to suspend the EU methane regulation.

◇ unclassifiedchina · asia · usa

In Venezuela, China’s oil-for-loan deals run into debt restructuring, US ‘gatekeeper’ risk

The United States represents the primary obstacle to continuing oil-for-loan arrangements between China and Venezuela, analysts say, creating a significant wild card in what ranks among the largest debt restructurings in history. Following Washington’s abduction in January of Venezuela’s then president, Nicolas Maduro, Caracas is set to reveal a US$240 billion debt pile, according to a Financial Times report on Wednesday. The disclosure, expected in the coming weeks, rivals the €200 billion...

16d06/26⚠ shipping-routes · 2/5

Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens

Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz and the oil supply increase from the region. Saudi oil giant Aramco, the world’s single-biggest crude oil exporter, is expected to slash the OSP of its flagship Arab Light crude by between $6.50 and $8.00 per barrel, a Reuters survey of industry sources showed on Friday. Refiners polled by Reuters exp

Imposter scams led fraud reports to the FTC for fifth straight year in 2025, causing $3.5 billion in losses

The amount lost to imposter scams is part of $15.9 billion in total fraud losses reported to the Federal Trade Commission in 2025

◇ unclassifiedusa

Riedl's Dax radar: Four reasons why the opportunities on the stock markets are currently better than feared

The recent drop in oil prices could trigger a cascade of positive effects for the stock markets. The share price turbulence at Bayer and Rheinmetall play a particular role.

In the middle of the crisis: Bosch boss Hartung surprisingly leaves his position

Although Stefan Hartung extended his contract until 2031 a few months ago, he is now stepping down as Bosch boss - officially of his own accord. Apparently the dissatisfaction among the shareholders is also a reason.

OpenAI and Anthropic face new AI reality as companies shift from tokenmaxxing to efficiency

Companies are tightening their AI budgets to focus on getting a return on their investment, and that could dampen growth rates at OpenAI and Anthropic.

◇ unclassifiedusa

◇ unclassifiedmiddle-east · usa

USA Oil, Gas Workforce Rises from April to May

The number of employees in the oil and gas extraction industry increased slightly from April to May, data on the U.S. Bureau of Labor Statistics website showed.

Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant

Kazakhstan has slashed by a quarter natural gas production at the huge Karachaganak oil and gas field after Ukraine earlier this week hit with drones a Russian plant processing part of the gas, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Friday. “Naturally, we have reduced the gas intake,” Reuters quoted the minister as telling reporters today. Gas supply to Kazakhstan hasn’t been disrupted, Akkenzhenov added. Oil production at Karachaganak, which is operated by international superma

◇ unclassifiedmiddle-east · usa

DOE Plans $17.5B Loans for Westinghouse-Backed Nuclear Projects

The United States Department of Energy announced a conditional loan commitment of $17.5 billion to help 5 nuclear power projects procure long-lead items to deploy Westinghouse's advanced reactor.

Oil heads for another losing week, but analyst warns sluggish Strait of Hormuz traffic could send price soaring again

Iran warned on Thursday that vessels not following approved routes would be be dealt with ‘accordingly,’ and a U.N. organization paused ship-evacuation efforts at the strait.

◇ unclassifiedusa · iran

'The cult of Elon': SpaceX investors grapple with volatility amid big swings

SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.

◇ unclassifiedusa

Crude Prices Sink as Traders Bet on More Iranian Oil

August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued to take out the extra price they had added earlier because they worried about possible supply problems in the Middle East. The contract moved between a high of $78.14 and a low of $68.90 before finishing at $71.53. That was down $3.99, or 5.28 percent, from the week before. The selling went on for most of the week. Traders stopped focusing as much on the chance of oil supplies getting cut off in t

China’s Crude Imports Set to Hit Weakest Level Since 2016

Chinese crude oil imports this month are on course to book an even weaker month than May, according to Kpler data, which sees the daily average at just 6.4 million barrels, as cited by Bloomberg. Data from Vortexa suggests a similar daily import level, the publication added. This would be the weakest import rate since October 2016, Bloomberg noted, and an 8% decline on May volumes. Those averaged 7.82 million barrels, according to customs data, down by 29% on the year and 17% on April. The May a

16d06/26⚠ war-conflict · 2/5

Central Bank: China's central bank is pushing financial institutions to provide more loans

The fall in prices has left many homeowners feeling poorer. That's why they hold back when it comes to spending money. New bank loans rose less than expected in May.

◇ unclassifiedgermany · europe · china

◇ unclassifiedmiddle-east · usa · norway

Var Energi Greenlights Gjoa Projects

Var Energi and its partners made a final investment decision to proceed with the Gjoa Subsea Projects on Norway's side of the North Sea, targeting about 76 million barrels of oil equivalent gross proven and probable reserves.

◇ unclassifiedchina · asia

Hong Kong court places baby Danny in Social Welfare Department care for 3 years

A Hong Kong court has granted the guardianship of home-born baby Danny to social welfare authorities for three years after his parents were earlier arrested for alleged child neglect. Danny’s father, Tsang Wai-bong, revealed on Friday that their two-month-old son would be under the Social Welfare Department’s care after the Juvenile Court granted the authorities’ application for a protection order at a closed-door hearing. Tsang and his partner Kwan Pui-sin, who previously failed to register...

Hormuz Shipping Confidence Is Still Shaky

Traffic through the Strait of Hormuz has picked up over the past week but shipowners remain cautious about transiting, especially after the Thursday attack in the Gulf of Oman on a vessel that had just cleared the chokepoint. On Friday morning local time, two tankers carrying crude were moving out of the Strait while four empty supertankers were traveling inbound near the Omani coast, according to vessel-tracking data monitored by Bloomberg. While some traffic has been observed on Friday, the Th

◇ unclassifiedusa · europe · germany

German Counter-drone startup Tytan eyes 3,000 interceptors per month in new factory

Production at the new plant is scheduled to begin in August, according to the company's CEO.

◇ unclassifiedmiddle-east · usa

Why Is Oil Trading Down Today?

Why is the oil price going lower on Friday?

Qatar Offers First Crude Loadings to Buyers Since War Began

Qatar is tendering crude for loading outside the Strait of Hormuz in July and August, in what is likely the first Qatari crude offering to buyers since the Iran war began on February 28, trade sources told Reuters on Friday. Qatar’s state firm QatarEnergy has issued a tender, which closes on June 29, offering buyers to load or lift Marine Qatar, Marine Land, and al-Shaheen crude grades via ship-to-ship (STS) transfers between the offshore waters of Fujairah in the United Arab Emirates and Sohar

Labor market: Researchers: The German labor market is shrinking

Labor market researchers are particularly critical of demographic developments: Boomers are retiring and too few people are keeping up.

German labor market: According to the IAB barometer, demographics are causing the labor market to shrink

Aging populations and a weak economy are putting increasing pressure on the labor market - employment prospects are turning negative.

◇ unclassifiedchina · asia · russia

Russia reports one of biggest Ukrainian drone attacks, including on Crimea

Russian air defences intercepted 660 Ukrainian drones in a major night-time attack on 12 Russian regions as well as the Russia-held Crimean peninsula, the Black Sea and the Azov Sea, Russia’s Defence Ministry said on Friday. It appeared to be one of the biggest drone attacks on Russia and the illegally annexed Crimea since Russia’s full-scale invasion of Ukraine more than four years ago. The previous biggest Ukrainian attack over the past year was 556 drones on May 17. In an effort to turn the..

◇ unclassifiedmiddle-east · usa · europe

Naftogaz, Orlen Ink New LNG, Decarbonization Agreements

'The first agreement provides for assessing opportunities to increase gas supply volumes and jointly use regasification terminals and gas transmission infrastructure across the Baltic region, Central and Eastern Europe'.

16d06/26⚠ shipping-routes · 2/5

Qatar's LNG Recovery Picks Up Speed as Tankers Mass at Ras Laffan

As many as eight empty LNG carriers have arrived at the Ras Laffan hub in Qatar and are set to load on superchilled gas in the coming days, Bloomberg has reported. Another LNG carrier is approaching Qatar’s vast gas production complex and two more are on their way to the Strait of Hormuz, the publication also wrote, citing ship-tracking data. The information is the latest piece of evidence that Qatar is eager to resume exporting liquefied gas, as stated earlier this week by the country’s prime m

Geely: With an open mind – this is how Geely is planning its Germany offensive

The Chinese car manufacturer is starting under its own name in Germany with twelve models by 2028, a growing dealer network and a declaration of war. Is that enough to challenge the competition?

◇ unclassifiedchina · asia · germany

Singapore’s Lee Kuan Yew seen as cool guy amid Europe’s deadly heatwave

Singapore’s cooling strategy, pioneered by founding prime minister Lee Kuan Yew, has come in for praise in Europe, which is sweltering under a deadly heatwave. Even Tesla founder and world’s first trillionaire Elon Musk has weighed in, calling the late statesman “a genius”. Record-breaking temperatures in countries including Britain, France and Germany have killed dozens, overwhelmed hospitals and led to the closure of schools and cultural sites. Mercury in Paris hit a June record of 40.9...

16d06/26⚠ sanctions · 3/5

Oil tanker: Russian shadow fleet? France stops oil tankers

France's navy has stopped an oil tanker coming from Russia near Sicily. President Macron sees the operation as a clear signal against circumventing sanctions.

◇ unclassifiedgermany · europe · russia