Finance news

When Will Gasoline Prices Return to Pre-War Levels?

Gasoline prices have started to fall, and that is welcome news for drivers. After months of pain at the pump following the war with Iran and the disruption of traffic through the Strait of Hormuz, even modest relief is noticeable. But falling from crisis levels is not the same thing as returning to normal. That distinction may define the next several months in the oil market. The developing U.S.-Iran agreement has given traders a reason to mark down crude prices. Markets are forward-looking, and

◇ unclassifiedgermany · europe · usa

+++ Iran War +++: USA suspends sanctions against Iranian oil

Qatar reports explosion when restarting LNG plant +++ Lebanon's president discusses ceasefire with Vance +++ USA and Iran agree on approach for final agreement +++ The news blog.

China Builds New LNG Hub as Russian Imports Surge

China is preparing a second terminal to receive sanctioned Russian liquefied natural gas (LNG), as the country’s gas imports surge. According to an exclusive report by Reuters, the newly built Longkou LNG terminal in eastern China's Shandong province is being lined up to receive LNG from Russia’s $21-billion Arctic LNG 2 project. Operated by the state-owned pipeline monopoly PipeChina, the Longkou terminal has completed its mechanical building phase and is expected to be fully operational before

◇ unclassifiedmiddle-east · usa · norway

Var Energi Realigns Stakes offshore Norway

Var Energi signed agreements to acquire Pandion Energy's remaining interests offshore Norway, swap stakes with DNO and farm down its operated Goliat and Fenja fields.

◇ unclassifiedchina · asia

Hong Kong doctor fired over misconduct linked to medical intern case

A doctor at Tuen Mun Hospital has been fired for conducting an unauthorised examination on a patient, in an incident linked to an intern who was sacked and arrested for allegedly accessing patient data without permission. The Hospital Authority (HA) said on Monday evening that its investigation committee concluded that the resident doctor acted dishonestly and committed serious misconduct, in breach of professional ethics and integrity. The resident doctor was involved in conducting an...

Iran’s Oil Exports Through Hormuz Hit Wartime High

Iran isn’t wasting any time moving its oil out of the Gulf via the Strait of Hormuz after the U.S. lifted the naval blockade outside the chokepoint and the U.S. and Iran discuss a framework on a lasting peace deal. While Western shippers and insurers remain wary of the conflicting signals about how open the Strait of Hormuz really is, Iran is rushing to evacuate barrels it wasn’t able to push past the U.S. blockade over the past two months. At least three supertankers, carrying a total of 6 mill

◇ unclassifiedgermany · europe · iran

Current oil price: Oil prices are falling after progress in the US-Iran conflict

Oil prices are falling significantly following progress in the US-Iran talks. A new communication format aims to prevent incidents in the Strait of Hormuz.

◇ unclassifiedusa · europe · china

Can China’s latest air-to-air missile take on its US equivalent? Definitely maybe, experts say.

The PL-16’s specs would let it chase large, slower-moving aircraft, one analyst said, though its effectiveness against smaller, faster planes is unclear.

Chevron to fuel massive Microsoft data center in Texas with natural gas

Microsoft's embrace of natural gas shows it is willing to invest in a fossil fuel to meet the power demand from its data centers.

◇ unclassifiedusa

20d06/22⚠ shipping-routes · 2/5

Vance hails 'great progress' in U.S.-Iran talks despite 'threatening' and 'whining'

J.D. Vance said U.S.-Iran talks in Switzerland made progress, with Tehran agreeing to allow IAEA inspectors back into Iran.

◇ unclassifiedusa · iran

Kuwait Offers Gulf Oil Loadings as Producers Seek Hormuz Outlet

Kuwait is offering naphtha for loading at its ports deep into the Persian Gulf in the first such tender in months, as Middle Eastern oil producers seek to raise shipments through the Strait of Hormuz. State-held Kuwait Petroleum Corporation (KPC) has issued a tender to sell naphtha cargoes to be picked up at Kuwaiti ports by buyers, Bloomberg reported on Monday, quoting a tender document it had seen. The Kuwaiti tender is a sign that the Gulf producers are hopeful that the Strait of Hormuz reope

Unicredit: The federal government does not want to give up its stake in Commerzbank

The German state currently holds twelve percent of Commerzbank – and it should stay that way. The federal government is likely to reject Unicredit's offers.

Warning from municipalities: “Municipal budgets are collapsing – almost everywhere”

On Thursday, the heads of the federal states will meet with Chancellor Merz in Berlin. A few days beforehand, the leading municipal associations had already made it clear what they expected from politicians.

20d06/22⚠ shipping-routes · 3/5

India’s Imports of Russian Oil Set for New Record High

India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Moscow’s oil again. India has imported 2.6 million barrels per day (bpd) of Russian crude oil so far in June, according to preliminary vessel-tracking data from commodity analytics firm Kpler cited by Indian media. So far this month, Russian crude has accounted for as much as 53.5% of all Indian oil imp

◇ unclassifiedgermany · europe · usa

USA: Dispute between Trump and Meloni continues: “My popularity is none of your business”

The Italian Prime Minister rejected the US President's criticism on Saturday that she only wanted to befriend the US because of its popularity. “I suggest you focus on your own,” Meloni countered.

20d06/22⚠ war-conflict · 2/5

Dramatic financial situation: Local government associations: “Mountains of debt are exploding”

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How house price indices trivialize real estate risk and exaggerate real estate returns

submitted by /u/totallylegitburner [link] [comments]

◇ unclassifiedmiddle-east · usa · norway

Equinor, Partners Agree Plan for Major North Sea Project

Equinor and its partners have agreed on a development concept for Ringvei Vest, an oil and gas project spanning 8 licenses on Norway's side of the North Sea.

◇ unclassifiedmiddle-east · usa · russia

Crimea Halts Fuel Sales after Attacks on Russian Refineries

Authorities in Russia-occupied Crimea said they were suspending fuel sales at filling stations, limiting supplies to state services amid Ukrainian drone strikes on Russian refineries.

◇ unclassifiedmiddle-east · usa · iran

Iran Says Stride Made with US after Talks Began

Iran said there had been 'major progress' in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.

Real estate in court: Smaller apartments should pay less for heating replacement

Renovations quickly cause trouble over special levies in apartment buildings. Which apartment has to pay how much for a new heating system?

Explosion at Qatar’s Ras Laffan LNG Injures Dozens

More than fifty people were injured, and 18 were still unaccounted for as of early Monday following an explosion and a fire at Qatar’s key LNG site, Ras Laffan, due to a technical malfunction. State firm QatarEnergy said on Monday that there was an operational incident during the start-up of operations at Ras Laffan Industrial City, which resulted in an explosion and fire at the Barzan local gas supply facility in the evening hours of Sunday, June 21, 2026. Early on Monday local time, the Qatari

20d06/22⚠ sanctions · 2/5

China rejects trade criticism after Merz backs global yuan action

China pushed back against criticisms of its trade practices after the German chancellor became the latest world leader to voice complaints amid surging trade imbalances. “China never actively pursues a trade surplus,” Vice-Premier Ding Xuexiang said on Monday at the opening of a supply-chain expo in Beijing. “The greatest obstacle to China increasing its imports does not lie within itself, but rather with certain countries that abuse export controls.” German Chancellor Friedrich Merz on Friday..

◇ unclassifiedchina · asia · germany

◇ unclassifiedgermany · europe · usa

Iran War: Oil prices fall – first progress in negotiations between the USA and Iran

After initial negotiations between Washington and Tehran, the price of oil fell noticeably. Investment strategists report confidence in the markets.

Climate study: State acted in a way that was harmful to the climate with subsidies during the energy crisis

According to a study, government relief between 2022 and 2023 primarily benefited oil and gas. The aid therefore acted like permanent fossil fuel subsidies and damaged the climate.

20d06/22⚠ war-conflict · 1/5

British PM Starmer announces resignation

U.K. Prime Minister Keir Starmer on June 22 announced his plans to resign after months of internal party turmoil eroded his authority. The departure is likely to trigger a leadership contest and deepen political uncertainty in one of Ukraine's most vital allies. submitted by /u/KI_official [link] [comments]

Social◇ unclassifieduk · ukraine

Analysts Warn China’s Oil Demand May Never Fully Recover

China’s crude oil imports could remain permanently depressed, energy analysts have predicted, citing demand destruction resulting from the electrification of transport in the world’s largest oil importer. “Consumer behavior can be a bit sticky,” according to Lin Ye, vice president of oil markets at consultancy Rystad Energy, as quoted by Bloomberg. “For those who shifted to electric cars during the war, there might be little reason to switch back unless fuel prices become substantially cheaper.”