Finance news

Meet the World Cup fans shelling out thousands for once-in-a-lifetime trips — and some don’t even have tickets to games

Soccer has ‘cult-like status,’ and World Cup visitors are going to great lengths to afford their trips to the U.S.

Business ticker: Oil prices fall to their lowest level since the start of the Iran war

Brent and WTI are falling significantly +++ Rheinmetall share price falls by 17 percent +++ Ifo index rises after Iran agreement +++ News in the company live blog.

China’s Crude Imports Plunge To Lowest Level Since 2018

Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days. However, there's considerable scepticism about whether more complex issues around nuclear technology and transit through the Strait of Hormuz can be fully resolved in the short ti

Oil Falls to Postwar Lows

Despite historically low US crude inventories, traders focused on improving Middle East supply flows and growing signs of potential oversupply.

Energy secretary says U.S. has ended Iran's ability to close Strait of Hormuz

Some 72 ships loaded with 19 million barrels of oil have passed through Hormuz in the past 24 hours, Energy Secretary Chris Wright said.

Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs

Norwegian petroleum production eased in May after April's exceptionally strong performance, but the country's offshore sector continued to outperform expectations. Crude oil production came in 7.2% above official forecasts even as both oil and gas output declined from the previous month, reinforcing Norway's position as one of Europe's most reliable energy suppliers. Norway produced an average of 1.722 million barrels of crude oil per day in May, according to preliminary figures from the Norwegi

Iran scrambles to move estimated $8.5bn in oil as US eases sanctions

Trade Is Slowly Opening One of the World's Most Isolated Nations

Azerbaijan is working hard to coax Turkmenistan out of its shell and integrate Ashgabat into trans-Caspian trade routes. Azerbaijani leader Ilham Aliyev exchanged a variety of trade-related agreements with Turkmenistan’s titular head of state, Serdar Berdymukhamedov, during a June 22 ceremony in Baku. A joint statement issued after the ceremony highlighted an agreement to streamline “technical specifications” concerning the movement of goods and vehicles between the two countries, and another to

If you were to invest $5000 today what would you suggest?

I can't tell what would give more immediate returns. I normally invest in cyrpto but its on a total downswing. The markets are currently expected to drop, not go up. So easy ones aren't great like betting on the markets, VOO The opening of the channel and cease fire means things might go up, especially in oil. I keep hearing short sapceX. I don't think that would be immediate. Tech is kind of inflated. I only got on semiconductors last month so didn't make as much as I like to I think oil would

Oil tankers with 35 million barrels stuck in Persian Gulf exited Strait of Hormuz since Iran deal

The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to "moderate."

Russia: Signs of record exports for Russian crude oil

Apparently an unusually large amount of crude oil is being shipped from Russia. Why this is and how the Kremlin is trying to compensate for the shortage of raw materials.

Canada Building West’s First Grid-Scale SMR

Construction has begun on the Western world’s first grid-scale Small Modular Reactor (SMR), though small is not what comes to mind, considering that the machine will fit on two soccer fields. According to AutoNotion, a 953-tonne slab of steel and concrete was lowered into a 35-meter shaft at Ontario’s Darlington New Nuclear Project site, “ending a decade of talk” about the new nuclear technology and ushering in a period of action. The slab is the base mat of the first BWRX-300 modular plant desi

Why energy could be a great place to invest even with oil prices retreating — 5 stocks to buy

It seems that buzz is building on investing in energy stocks in the wake of the Iran conflict.

Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch

Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled firm Rosneft, which is the biggest oil producer in the country. Sechin sent a letter to Russian President Vladimir Putin at the end of May, outlining potential measures to alleviate the fuel crisis, Russian daily Kommersant reported on Wednesday. In the letter, Sechin proposes firms to process at least 30

U.S. oil prices fall back to preconflict levels as physical flow through the Strait of Hormuz improves

U.S. and global benchmark oil prices have dropped back to levels they haven’t seen since before the U.S.-Israeli war with Iran started at the end of February, but it’s not because risks associated with the conflict have suddenly disappeared.

Iran, Oman to Coordinate Hormuz Transits

Shippers can transit the Strait of Hormuz via Iranian or Omani and US-coordinated waters, according to the International Maritime Organization, part of a broader plan to evacuate stranded vessels.

Airstrike killed senior ISIS commander in Syria, CENTCOM says

A senior Islamic State leader was killed by an airstrike last week, Central Command announced on Wednesday.

Tesla, NatPower Partner to Enable Over 25GWh of BESS in Europe

'For the first time at this scale, BESS procurement, financing and execution have been coordinated across multiple jurisdictions under a single integrated framework, linking manufacturing allocation directly to project delivery'.

Trump’s Nuclear Gamble Aims to Reshape the U.S. Power Grid

With hyperscalers set to spend roughly $800 billion on data-center capex this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge. We have made the case that intermittent solar and wind are no match for the scale and reliability requirements of the modern economy, and that nuclear power is emerging as the clean, always-on power source needed to power the AI era. The Wall Street Journal reports Tuesday morning that the Trump administration pl

Saipem Divests Saudi Shallow Water Rigs

'The transaction represents a further step in the implementation of Saipem's strategy aimed at focusing its portfolio on deepwater and harsh-environment offshore drilling'.

Moscow Refinery May Stay Offline Until 2027

The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to a country grappling with severe fuel shortages, Reuters reports. Operated by Gazprom Neft, the facility in southeast Moscow is likely to remain offline for at least six months due to the severity of the damage it sustained after being struck twice within a single week in mid-June. According to indus

🇪🇺 About Ukrainian EU Accession - Current public debate regarding when it is allowed to happen misses the mark. The process became just as existential for Brussels as it is for Kyiv.

In many ways what led to war between Ukraine and Russia was the decision by Ukrainian society to pursue a democratic future in the European Union rather than to continue to live under oppressive, corrupt, and oligarchic Russian influence. In 2013, the Verkhovna Rada overwhelmingly voted to approve the finalization of the EU - Ukraine Association Agreement. This decisively signalled that Kyiv chooses Brussels over Moscow and its EU rival, the Eurasian Economic Union. In the months leading up to t

U.S. Crude Inventories Post Another Major Draw

Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.1 million barrels, according to government data, which is now 7% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a d

Money market ETF or “overnight money” from Trade Republic

Hi, I want to get the money I saved, which is supposed to be used as equity for building/buying a house, from my savings bank daily money account because I only get 0.65% interest there. The plan is to either store it as “cash” at TR or simply invest in a money market ETF. Since I want to get the money “quickly” when in doubt, a fixed-term deposit account is currently not an alternative for me. I know that there are daily money accounts that pay more than 2.25% interest, but I already have an account

UK Climate Panel Urges Faster Electrification to Lower Energy Bills

UK’s slower-than-expected electrification exposes households to fossil fuel price shocks, the country’s Climate Change Committee (CCC) said on Wednesday, urging faster electrification and removal of policy costs to lower the energy bills. While the uptake of electric vehicles (EVs) has accelerated and the latest renewable energy auctions awarded record new capacity, progress in heat pump installations has slowed, the independent panel said in its annual report. The CCC’s annual assessment warned

Wall Street: US stock markets open stable - oil price falls sharply

On Wednesday, investors are primarily looking at tech stocks, which have been very volatile this week. Hopes for peace in the Middle East are causing oil prices to fall sharply.

Rubio Heads to Gulf as Iran Deal Sparks Anxiety Among U.S. Allies

US Secretary of State Marco Rubio arrived in Abu Dhabi on June 23, opening a high-stakes Gulf tour aimed at reassuring Washington’s closest Arab allies after a fragile cease-fire framework between the United States and Iran raised fresh questions over regional security and Tehran’s future ambitions. Rubio landed at Al Bateen Executive Airport before meetings with leaders in the United Arab Emirates, Kuwait, and Bahrain over the next two days, as Gulf capitals weigh the implications of a US-broke

Indian tech hub names road for Trump, draws flak from PM Modi’s party

A key road named after US President Donald Trump in India’s opposition-ruled tech hub of Hyderabad has drawn criticism from ‌Prime Minister Narendra Modi’s ruling party, which dismissed the move as “hypocrisy”. US-India ties have deteriorated during Trump’s second term, with Washington imposing high tariffs on Indian goods, punishing New Delhi for purchasing Russian oil, and engaging closely with India’s arch-rival Pakistan. The road in the capital of the southern state of Telangana, ruled by...

Gen. Christopher Donahue to unexpectedly relinquish command of Army Europe and Africa

U.S. Army Gen. Christopher Donahue will unexpectedly relinquish command next week after just 18 months in the role, the Pentagon confirmed Wednesday.

Euro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut Bets

The euro has sunk to a one-year low, with easing of tensions between the United States and Iran helping to cool oil prices and raise expectations that the European Central Bank will turn more dovish. The euro was quoted at $1.135 against the U.S. dollar on Wednesday, down from $1.165 before the U.S. and Iran first agreed to a conditional ceasefire on 8th April. A provisional peace agreement to restore oil flows through the Strait of Hormuz has dramatically cooled global energy markets, with Bren