Finance news

3,307 items · filtered by Kanal: oil_gas

Hormuz Traffic Stalls as U.S.-Iran Talks Collapse

A day after a rush to exit the Strait of Hormuz started, tanker traffic at the chokepoint is dwindling again as shippers pull back from immediate passage amid the collapsed U.S.-Iran talks before they even began. On Friday morning, no tanker was observed to have moved outbound from the Persian Gulf through the Strait of Hormuz, according to vessel-tracking data compiled by Bloomberg. Donald Trump said, "We didn’t meet out of desperation, Iran did. They are FINISHED! We’ll play out the 60 days. T

◇ unclassifiedmiddle-east · russia · usa

23d06/19

29-year-old making $250k in tech went 'undercover' at a coffee chain before opening her own matcha cafe

Michelle Yeung wasn't happy in tech, despite earning $250,000 a year. Before opening Matcha House, she spent months learning the business.

◇ unclassifiedusa · europe

23d06/19⚠ war-conflict · 3/5

Oil Markets Need More Than a Peace Deal to Recover

The Iran framework agreement gave an immediate boost to markets, with shares rising and oil prices dipping. But whether this translates into durable economic gains will largely depend on shipping in the Strait of Hormuz. There were signs of traffic beginning to revive on June 18 in the hours immediately after the US and Iranian presidents signed a memorandum of understanding to end the war, according to Windward, a maritime intelligence company. Speaking in an online briefing, Windward chief ana

◇ unclassifiedmiddle-east · russia · usa

23d06/19

Venture Global Bags New LNG Supply Contract from EnBW

Venture Global executed new agreements to supply about 0.82 million metric tons per annum of U.S. liquefied natural gas for 5 years to Germany's EnBW.

◇ unclassifiedmiddle-east · usa · germany

23d06/19

Energy Transfer to Expand Texas NGL Export Terminal

'The project will increase ethane export capacity at Nederland by 240,000 barrels per day, along with 55,000 bpd of additional LPG capacity'.

◇ unclassifiedmiddle-east · usa

23d06/19

Major Italian bank: Unicredit extends takeover offer for Commerzbank

Unicredit is keeping the pressure on Commerzbank high. According to their own information, the Italians already have almost 40 percent.

◇ unclassifiedgermany · europe

23d06/19

Beijing Steps Up Scrutiny of Indium Exports as AI Chip Demand Soars

China has started scrutinizing more carefully its exports of indium, an element that is key to making high-speed chips for AI data centers, raising concerns that export curbs could follow as Beijing has done with other critical minerals. Indium, a silvery-white metal named for its indigo blue line in the atomic spectrum, is not on any of China’s export control lists. But several buyers and customers have flagged to Reuters that they have recently faced increased checks and scrutiny by the Chines

◇ unclassifiedmiddle-east · russia · usa

23d06/19

Var Energi to Proceed with Balder Next Project

Expected to begin production 2027, the Jotun FPSO tieback project will develop 86 million barrels of oil equivalent gross proven and probable reserves.

◇ unclassifiedmiddle-east · usa

23d06/19⚠ war-conflict · 3/5

Cheap imports: According to the study, Germany's China shock is largely homemade

An explosive study warns of tariffs against China. According to economists, Germany is losing more world market share than could be explained solely by state-subsidized cheap imports.

◇ unclassifiedgermany · europe · china

23d06/19⚠ shipping-routes · 3/5

AI has been known to hallucinate. So have financial markets

We’ve never had it so good. The S&P 500 and Nikkei 225 have hit record highs this month. SpaceX had its spectacular initial public offering, the largest in history. The company raised an eye-popping US$75 billion and saw a sharp rise in its share price to a mind-blowing valuation of US$2.5 trillion in two days. The US-Iran deal on reopening the Strait of Hormuz caused petrol prices to drop back to below US$4 per gallon. Global stock markets are creating seemingly unstoppable wealth for...

◇ unclassifiedchina · asia · usa

23d06/19⚠ shipping-routes · 3/5

India Receives First Post-Deal LNG Cargo Through Strait Of Hormuz

India on Friday received the first LNG tanker that had passed through the Strait of Hormuz since the U.S. and Iran announced a deal this past weekend. The LNG carrier Disha, flying the flag of Malta, arrived at the Dahej Port on India’s West Coast on Friday, after having crossed the Strait of Hormuz earlier this week. The vessel safely anchored at the Petronet LNG jetty, the Bharuch port authority told Indian media. Petronet LNG had chartered the LNG tanker, which is managed by an India-led ship

◇ unclassifiedmiddle-east · russia · usa

23d06/19

Current oil price: US-Iran agreement stalls – oil prices rise slightly

Oil prices are rising slightly after the recent decline. At the same time, the US-Iran framework agreement is stalling. Lack of clarity about talks and Hormuz rules is slowing shipping traffic.

◇ unclassifiedgermany · europe · iran

23d06/19

Preparing for potential North Krea opening in the next 10 years

Hey all, I'm Korean (South) and honestly think there's a chance North Korea opens up within the next decade. If it happens, there can be big opportunity window - infrastructure rebuilding, resource development, tourism, banking, you name it. Then, what can be done to seize the opportunity? What would you do if North Korea open its economy? submitted by /u/Jellyjellysweet [link] [comments]

Social◇ unclassifiedusa · korea

23d06/19

36M, considering FIRE. How would you structure it?

36M, Italian, currently living in Switzerland. Not burned out, but increasingly tired of corporate life (politics, restructurings, general grind), even though my job is objectively relaxed and remote. Thinking of potentially FIRE’ing within 1–2 years. Current situation: - €2M portfolio - 90% VT / 10% Bitcoin - €250k cash (recent property sale) - No capital gains tax in current residence Lifestyle plan: I’d likely move between Latin America and Southeast Asia (Thailand in particular). I

Social◇ unclassifiedeurope · usa

23d06/19

Insurance: BaFin sees progress in the costs of life insurance

More expensive protection, lower returns: Despite BaFin pressure and falling costs, some life insurers still charge their customers more than three percent effective costs.

◇ unclassifiedgermany · europe

23d06/19

9 arrested after HK$2.7 million in cash, goods stolen from Hong Kong farm

Hong Kong police have arrested nine people in connection with two burglaries at a farm in Tin Shui Wai, with some of the stolen items already pawned in Macau and the total losses exceeding HK$2.7 million (US$344,500) in cash, watches, jewellery and gold. Senior Inspector Lam Ka-kit of Yuen Long district’s crime squad said the suspects, comprising eight men and a woman, allegedly belonged to a syndicate, with each member assigned a detailed role in the burglaries. “The force believes that some...

◇ unclassifiedchina · asia

23d06/19⚠ war-conflict · 3/5

Libya Draws Oil Majors Back in First Licensing Round in 17 Years

Libya is back on the radar of the world’s largest oil companies, and Washington is trying to turn a fragile military thaw into a new source of crude supply. Libya’s National Oil Corporation has formally signed exploration and production-sharing agreements from its 2025 bid round with international companies including Repsol, Turkish Petroleum, Eni, QatarEnergy, and MOL, marking the country’s first major licensing push in 17 years. In the meantime, Libya’s production has climbed to roughly 1.4 mi

◇ unclassifiedmiddle-east · russia · usa

23d06/19⚠ war-conflict · 3/5

Oil Flows Resume Through Hormuz as Insurers Remain Wary

Politics, Geopolitics & Conflict Everyone is hoping the U.S.-Iran deal holds, but Hormuz is still operating on political trust instead of commercial confidence. The U.S. has lifted its naval blockade; Iran and the U.S. have signed the 14-point memorandum; and tankers have started moving again through the strait (including Saudi supertankers carrying millions of barrels of crude). Still, shipping companies and insurers have to decide whether the route is safe enough to normalize operations. The m

◇ unclassifiedmiddle-east · russia · usa

23d06/19

Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil

August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between the United States and Iran. The contract traded between a high of $81.00 and a low of $72.83 before settling at $75.22, down $7.22, or 8.73%, from the previous week's close. The selloff extended throughout most of the week as traders shifted their focus from fears of supply disruption in the Persian

◇ unclassifiedmiddle-east · russia · usa

24d06/19

Trade with the EU: How European is Turkey?

Federal Minister of Economics Katherina Reiche visits Ankara. There she emphasizes the common interest that Turkey can at least somewhat qualify as a European industrial producer.

◇ unclassifiedgermany · europe

24d06/19

EIA Raises USA Oil Production Forecast for 2026, 2027

The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2026 and 2027 in its latest short term energy outlook.

◇ unclassifiedmiddle-east · usa

24d06/19⚠ war-conflict · 3/5

Ukraine war: dispute over Russia's course at the EU summit

The EU has extended its sanctions on Russia by twelve months. However, Bulgaria threatened to veto the new sanctions package. In addition, numerous summit participants criticized Council President Costa for his attempts to contact Russia.

◇ unclassifiedgermany · europe · russia

24d06/19

Trade: USA launches investigation into German drug prices

According to US Trade Representative Greer, Washington wants to examine whether Germany is paying too little for innovative medicines and whether this is inappropriate or discriminatory. He is particularly concerned about the planned health care reform, explained Greer.

◇ unclassifiedgermany · europe · usa

24d06/19⚠ war-conflict · 3/5

India Orders Major Strategic Oil Reserve Expansion After Supply Crisis

India’s government has asked state-owned Oil and Natural Gas Corp (ONGC) to build and fill a new site for strategic petroleum reserves, with an estimated investment of $1.6 billion, local outlet the Economic Times reported on Friday, quoting sources with knowledge of the plans. The government is looking to boost India’s energy security in the wake of the Iran war and the following oil supply crisis that India felt firsthand, with a soaring energy import bill and rising prices of fuels. Currently

◇ unclassifiedmiddle-east · russia · usa

24d06/19

Deadly Philippines quake permanently alters Mindanao coastline

Arsenio Butil Jnr fell to his knees and began to pray when last week’s deadly 7.8-magnitude earthquake began shaking his home on the coast of the southern Philippines. When he opened his eyes, he saw a once-familiar shoreline changing in real time, with swathes of previously submerged coral suddenly pushing above the waterline. The June 8 quake, driven by a shifting of the nearby Cotabato Trench, toppled buildings, triggered landslides and killed at least 76 people on the southern island of...

◇ unclassifiedchina · asia

24d06/19⚠ war-conflict · 3/5

Investment: Which stocks benefit from peace in the Gulf according to experts

An end to the fighting in Iran and free passage for oil tankers: Experts explain why oil and defense stocks will remain in demand and how a stable peace will affect the AI boom.

◇ unclassifiedgermany · europe · iran

24d06/19⚠ war-conflict · 3/5

Philippines Seeks Long-Term Oil Supply Deal With Russia

The Philippines is looking to formalize a deal to buy oil from Russia on a more permanent basis amid the energy crisis and heightened geopolitical tensions, Philippines President Ferdinand R. Marcos Jr. has said. The Philippines has been one of the worst-hit Asian economies in the current oil supply crisis triggered by the Middle East conflict, and has turned to Russia for ad-hoc spot supply to cover the shortfall of cargoes from the Middle East. Now the Asian country is looking to make the Russ

◇ unclassifiedmiddle-east · russia · usa

24d06/19⚠ war-conflict · 2/5

Study: Number of refugees in Germany is falling for the first time since 2013

The number of people fleeing to Europe is almost constant. But fewer and fewer of them end up in Germany. Others disappear from the statistics.

◇ unclassifiedgermany · europe

24d06/19

Repsol Wins New Deal to Widen Presence in Venezuela

Repsol signed a new deal with Venezuela's Hydrocarbons Ministry and state-owned PdVSA 'to assess the potential development' of a new area southeast of Lake Maracaibo and near the Spanish company's existing portfolio in the South American country.

◇ unclassifiedmiddle-east · usa

24d06/19⚠ war-conflict · 1/5

Cancel or keep your DekaBank account?

Hi, Some time ago my father opened a DekaBank depot for me at the savings bank and saved the following three CFs there every month: - Deka-Aktien Impact CF (LU2109588199) 25% - Deka-UmweltInvest CF (DE000DK0ECS2) 25% - Deka-Industrie 4.0 CF (LU1508359509) 50% - When I was a When I finished my studies a year ago and then had my first full-time job, he said that he would either change the standing order to me or delete it completely. Since at that point I would rather go to an Al

Social◇ unclassifiedgermany · uk

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