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17d06/25

What are the point of bond funds? (SWAGX)

I have about 25% bonds in my portfolio. I set this allocation back when I started, so I would at least Be somewhat protected. Looking at performance I might as well kept it in a HYSA or something. I know if interest rates drop bonds would go up but they are already fairly low and probably will be hikes in the future. Since 2017 this fund is down about 10%. At least the rest of my portfolio is in the SP500/total market. I’m not really asking for help just wondering why this even exists lol submit

Social◇ unclassifiedusa
17d06/25⚠ shipping-routes · 2/5

Middle East Fuel Oil Exports Set to Hit Four-Month High

Fuel oil exports from the Middle East are expected to rebound to a four-month high this month as tanker traffic through the Strait of Hormuz picks up and key fuel oil producers Iraq, Saudi Arabia, and Oman have moved to increase shipments from ports outside the Persian Gulf. Middle Eastern fuel oil exports are set to jump by 20% from May to about 508,000 barrels per day (bpd) in June, according to ship-tracking data reviewed by Reuters. Saudi Arabia boosted fuel oil shipments from the Yanbu port

◇ unclassifiedmiddle-east · russia · usa
17d06/25

Russia Faces Growing Fuel Crunch as Ukrainian Strikes Knock Out Refineries

Russia is facing its worst nationwide fuel shortages in years, with at least 17 regions imposing mandatory restrictions on gasoline and diesel sales, and dozens of others reporting shortages or restrictions by private fuel companies. The increasing scarcity of fuel has been caused mainly by a widening campaign of Ukrainian drone strikes targeting oil terminals, refineries, and pipelines. The largest fuel supplier to the Moscow region, the Kapotnya refinery, was hit twice this month; the plant wi

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ shipping-routes · 2/5

ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease

ADNOC, the national oil company of Abu Dhabi, has cut the official selling price for July for its flagship Murban crude to $101.48 per barrel, down from $104.44 a barrel for June, amid weakening international and Middle Eastern benchmark oil prices. ADNOC’s recent pricing list for July, reported by Economy Middle East, reflects softening market conditions following the tentative reopening of the Strait of Hormuz. ADNOC has priced its other grades, Umm Lulu, Das, and Upper Zakum, at par with Murb

◇ unclassifiedmiddle-east · russia · usa
17d06/25

German doctor admits to killing 12 patients in high-profile trial

A German doctor admitted to having killed 12 patients nearly a year since the start of his high-profile trial at the Berlin Regional Court on Thursday. The 40-year-old palliative care doctor is charged with killing 15 patients in total – 12 women and three men – between September 2021 and July 2024. He is alleged to have administered a “lethal mixture of various drugs” to the victims, who were between 25 and 87 years old. Prosecutors also believe he set fires in some cases to try to obscure his.

◇ unclassifiedchina · asia · germany
17d06/25

China to Increase Fuel Export Allowances for July

China is raising the volume of fuels it is allowing state refiners to export, in a move that would alleviate concerns about tight refined petroleum supplies in Asia. China’s authorities this week met with executives from Chinese state-controlled refiners and told them they are now allowed to export up to 800,000 metric tons of refined petroleum products in July, trade sources told Reuters on Thursday. That would be up from an estimated total export volume of about 600,000 tons for June. China is

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 2/5

EU releases €3 billion loan for Ukraine’s recovery

The European Union has disbursed the first €3 billion (US$3.4 billion) tranche of a €90 billion loan to Ukraine, the country’s prime minister announced on Thursday at the opening of a conference on Ukraine’s post-war recovery in Poland. The conference, attended by key European leaders including German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen, is both a fundraising forum and a message to Russia that Ukraine’s Western supporters are in it for a long...

◇ unclassifiedchina · asia · germany
17d06/25

ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project

The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil and gas supermajors take 10% each in the consortium developing one of Abu Dhabi’s largest gas fields. Both BP and TotalEnergies announced on Thursday they had signed their respective concession agreements to join the development of the Bab Gas Cap project in Abu Dhabi. BP will now hold a 10% interest in the Bab Gas Cap concession, which is expected to produce up to

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 3/5

$70 Oil Could Put India Back on Track for 7% Economic Growth

India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70 per barrel, according to a senior official at India’s central bank. Oil prices at about $70 a barrel eased tensions in the Middle East, and a pick-up in tanker traffic at the Strait of Hormuz would reduce upward pressure on India’s inflation and improve the outlook for its economy, Nagesh Kumar, an external member of the Reserve Bank of In

◇ unclassifiedmiddle-east · russia · usa
17d06/25⚠ war-conflict · 3/5

Iraq Could Quit OPEC in Bid to Pump More Oil

OPEC’s second-largest producer, Iraq, is considering exiting the cartel if the organization rejects Baghdad’s plan to boost its oil production quota in line with some of the other members, sources in the Iraqi government have told local news outlet Shafaq. Iraq proposes to boost its oil exports to compensate for the losses in production and sales it has incurred since the start of the war, according to Shafaq’s sources. The federal government is also estimating the impact of Iraq potentially exc

◇ unclassifiedmiddle-east · russia · usa
17d06/25

Hong Kong exports rise by nearly 41% in May as AI keeps fuelling demand

The recent bumper growth in Hong Kong exports spilled into May, expanding by 40.8 per cent year on year, as artificial intelligence-related products continued to fuel already robust demand overseas. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports rose to HK$611.2 billion (US$77.95 billion) last month, following a nearly 43 per cent increase in April. The May figure marked the second month in a row that export growth exceeded

◇ unclassifiedchina · asia · usa
17d06/25

Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices

President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging earlier in the week. “Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” the U.S. president told media, as quoted by the BBC. “We should be, in my opinion, at $2.25 [a gallon] right now at the pump and we are higher than tha

◇ unclassifiedmiddle-east · russia · usa
17d06/25

Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers

In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg reported today, citing unnamed trading sources. The deal follows the sale of Marine and Land Qatari crude to an Indian refiner last week, the sources also told the publication. Bloomberg also reported that ship-tracking data showed a Gfreek-owned supertanker currently loading at the Al-Shaheen floating storage terminal. Separately, Qat

◇ unclassifiedmiddle-east · russia · usa
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