Finance news

Iran-USA agreement: International Energy Agency expects oil glut from 2027

If the agreement between Iran and the USA holds, a lot of oil will flow onto the world market, predicts the IEA. But it will take months for things to return to normal.

Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars

Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources. The value of Aramco’s infrastructure assets could be as high as $50 billion, one of the Reuters sources told the publication. This gives Aramco a pretty comfortable asset sale base—and sulfur right now is very hot, after the Middle East war disrupted a solid chunk of global supply for a vital commodity with multiple applicati

LNG Reprices Global Energy Flows as Markets Digest Fed and European Policy Signals

Key Takeaways • LNG markets are shifting from geopolitical repricing toward storage rebuilding and supply-allocation dynamics. • The post-Fed environment leaves growth expectations, industrial demand and financing conditions as secondary macro layers for natural-gas positioning. • European LNG flows remain solid, with total EU flow at 427.96 mcm and the Top 5 terminals accounting for 43.3% of flows. • Dutch TTF has fallen sharply over five sessions, reflecting the unwinding of geopolitical risk

Location comparison: The German economy is losing competitiveness

Germany is falling behind again in the international location competition. This is also due to the high taxes. Because of Trump's tariffs and high costs, Switzerland is losing its top position to Singapore.

Singaporean man faces jail for pranking ex-PM Lee with fake Marina Bay Sands fire photo

A Singaporean man is facing jail time for sending an edited photo of Marina Bay Sands (MBS) on fire to Senior Minister Lee Hsien Loong’s Facebook page while mentioning a “bomb”. Andie Tan Kok Yong, a 35-year-old Singaporean, pleaded guilty on Thursday to one charge of knowingly sending a false message under the Miscellaneous Offences (Public Order and Nuisance) Act. A second charge of obstructing the course of justice by performing a factory reset of his phone will be considered in...

Insurer: Unicredit could increase its shares in Generali

According to a report, the major Italian bank is said to be interested in taking over additional shares in the insurance company. But the offer was initially rejected.

Oil Prices Slide After U.S. and Iran Sign Ceasefire Agreement

Oil prices were under pressure in early Asian trading on Thursday after the U.S. and Iran formally signed an agreement to reopen the Strait of Hormuz. The speed at which oil markets have changed their tune in recent weeks has been remarkable, with the IEA now warning of an oil glut despite major tightness in today’s market. At the time of writing, Brent crude was trading at $77.64 per barrel, down 2.40% on the day, while West Texas Intermediate had fallen 2.88% to $74.58 per barrel. The agreemen

Artificial intelligence: Google's Gemini vice president switches to competitor OpenAI

Noam Shazeer, key figure behind Google's Gemini, is moving to OpenAI. The developer moved to Google less than two years ago.

Drones hit Moscow oil refinery as Russia and Ukraine exchange strikes

Ukrainian drones hit Moscow’s oil refinery for the second time this week while Russia fired missiles into Kyiv, as President Volodymyr Zelensky sought support from the US and Europe to reach a peace deal. Moscow downed over five dozen drones on Thursday, Mayor Sergei Sobyanin ‌said on Telegram, and a Reuters witness saw flames and plumes of smoke over the southeastern district of Kapotnya where the Moscow refinery is located. “Air defence forces continue to repel a massive attack. Several drones

Electric car: Less range than promised – court allows return

The WLTP specification and the real range of electric cars often differ from each other. According to a court ruling, above a certain value this deviation can justify a complaint.

1,200-year-old Sherwood Forest tree, linked to Robin Hood legend, is dead

A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death. The 1,200-year-old Major Oak in Sherwood Forest is believed to have died after it did not sprout leaves this spring, the Royal Society for the Protection of Birds said Thursday. Visitors who viewed the tree’s gnarled limbs and sprawling canopy in Nottingham over the past two centuries compressed the soil around it, making it difficult for rain to reach its roots, the conservation group said. The forest...

+++ Ukraine War +++: Smoke over oil refinery near Moscow

Trump is considering reintroducing sanctions against Russia +++ Russia fires several ballistic missiles at Kiev +++ G7 want to increase pressure on Russia +++ The news blog.

Auto industry: Stellantis is negotiating with partners about Maserati

The Italian luxury brand could soon be built in cooperation. Stellantis confirms relevant discussions, but rules out a complete sale.

Nikkei, Yen, Hang Seng: Asia's stock markets are inconsistent - oil prices are falling

Financial markets are reacting cautiously after the signing of a preliminary agreement between the USA and Iran. Oil prices are falling.

Teen dies in horse carriage incident in New York’s Central Park

A teenager thrown to the ground Wednesday when a Central Park carriage horse bolted away from its driver has died, according to police. The 18-year-old was riding in the horse-drawn carriage with three other passengers when the accident happened just before 3pm, according to the New York Police Department. At least two passengers were sent flying out of the careening cab. The teenager was initially hospitalised in critical condition, while the other passengers refused medical treatment. The four

Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal

Oil declines as Mideast peace prospects rise following U.S.-Iran deal.

China mulls space-based control system for high-speed rail. Can it be hacked?

On a summer evening in 2011, two high-speed trains hurtling through the Chinese countryside met in a fireball of twisted metal and shattered glass. The Wenzhou disaster, as it came to be known, killed 40 people and injured nearly 200. The official inquiry traced the catastrophe to a lightning strike that had fried a trackside circuit, making one train “invisible” to the control centre, which then wrongly cleared the line for the train behind. However, could the “brain” of the railway ever be...

Alarm raised over China’s threat to older Americans through drug supply chains

China poses a threat to America’s senior citizens through drug supply chains, financial scams and data privacy, a congressional hearing highlighted on Wednesday, with lawmakers and witnesses framing it as a national security issue. “Fifty years ago, we never would have given the Soviets the kind of leeway we give China: the access they have to our economy and our information, the dependence they enjoy from our supply chains,” said Rick Scott, a Republican senator from Florida, adding that the US

Pakistan: Iran and US sign peace deal, Strait of Hormuz to immediately reopen

Iran and the US have signed a peace deal that will take immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade, Pakistan’s Prime Minister Shehbaz Sharif announced. Sharif, a chief mediator since the US and Israel entered the war with Iran at the end of February, made the announcement in a social media post on Thursday morning. “The Memorandum has been signed by honourable Presidents of both the countries and also endorsed by me as the mediator,” he...

Woodside sees LNG, oil sales rising 50% as investments from US to Australia pay off

The Invisible Energy Crisis Threatening to Derail the AI Boom

Every AI boom forecast being published right now — every bull case, Big Tech earnings call, and valuation model — seems to be making the same assumption. The electricity will be there to power it when they need it. It won’t. Bitzero (NASDAQ: AIBZ) spent the last four years betting against that assumption. The company locked in more than a gigawatt of low-cost power across Norway, Finland, and North Dakota, well before the rest of the industry started fighting over every available megawatt. The c

Interesting disconnect in oil right now

One side of the market is focused on geopolitical risk. The other is looking at rising non-OPEC production and forecasts for a supply surplus. Both arguments seem valid. The interesting part is figuring out which one matters more six months from now. Thoughts? Source: [https://www.reuters.com/world/oil-rises-us-iran-deal-doubts-iea-warns-supply-glut-2026-06-25/]() submitted by /u/btv__ceoclips [link] [comments]

What should non-wealthy investors be doing in their 30's to have a real, positive impact on their financial situation?

So I don't make that much money, and neither does my wife. Like for sure less than 100k each in a high-expense region. I always feel like investors on Reddit have hundreds of thousands of dollars to throw at this, and I just do not. However, I want to make the absolute most of the money we do have to save and invest, and I feel like I'm doing a pretty good job so far. I opened my Roth IRA in 2023 and I'm up 270% since then. My wife's is up 40% over the last year (made hers much more recently). M

State of Global Oil Inventories Ruins Iran Peace Optimism

As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding an alarm: Hormuz may reopen, but oil production in the region would not rebound immediately—and the world’s oil inventories are depleting. Back in May, Carlyle Group’s Jeff Currie warned that by July, parts of the world would face what he dubbed “minimum operational levels” of crude oil supply due to depletion resulting from storage withdrawals to avoid shortages amid the Hormuz crisis. Energy

The US and Iran publish their official agreement. Here’s what’s in it

A senior US official on Wednesday released the text of an agreement reached between Washington and Tehran to end the Iran war and reopen the Strait of Hormuz, after months of conflict had battered the global economy and sent oil prices soaring. The outline of the agreement, titled “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran”, was released following days of pushback over the Trump administration’s lack of transparency. US President.

Comptrollers of several large states sending legal demand letters to NASDAQ, FTSE Russell, and LSE for justification of their index rule changes before the SpaceX IPO

https://www.reuters.com/legal/government/states-challenge-nasdaq-ftse-russell-fast-tracking-spacex-2026-06-11/ https://comptroller.nyc.gov/reports/letter-to-the-london-stock-exchange-group-and-ftse-russell-re-spacex/ “In light of those interests and our respective fiduciary duties, we respectfully request that the London Stock Exchange Group (LSEG) and FTSE Russell reconsider the implementation of the Russell US Indexes IPO fast-entry rule and related eligibility changes, given deep concerns abo

The Diesel Demand Shock Nobody Is Pricing In

The Truck Exception Isn't as Big as You Think When I recently argued that the internal combustion engine may already have passed its peak, many readers responded with a familiar objection. Cars are one thing, they argued, but trucks are different. Passenger vehicles can be electrified because they drive predictable distances, return home every evening, and increasingly benefit from lower operating costs. Long-haul trucking, by contrast, depends on heavy payloads, long distances, and energy densi

Stock-market pessimists have one less reason to worry as shares of banks and retailers perk up

The rally is once again broadening beyond tech

Clean Energy Investment Hits $2.2 Trillion, Nearly Double Fossil Fuels

Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world. The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean energy, and just $1.2 trillion will go to fossil fuels. This marks a historic shift in energy spending and in energy se

Read the 14-point memorandum of understanding between the United States and Iran

The 14-point memorandum of understanding between the United States and Iran leaves contentious issues between the countries unresolved.