Finance news

Norway Moves to Extend the Life of Europe’s Most Important Oil Field

Norway is moving ahead with the next phase of development at Johan Sverdrup, a project designed to help maintain production from the oil field that has become one of Europe's most important sources of crude supply. According to Equinor, new discoveries in the Johan Sverdrup area have laid the foundation for Phase 4 of the giant North Sea field. Preliminary estimates indicate resources of around 20 million barrels of oil and approximately 30 million barrels of oil equivalent, with production expe

Oil Prices Crash as Traders Bet the War Is Over

The oil market just did something remarkable. After spending months pricing in tanker attacks, shut-in production, damaged LNG facilities, and the largest supply disruption in modern oil market history, traders are suddenly betting the crisis is ending. Brent crude futures fell below $79 per barrel on Tuesday, its lowest level since March, after the United States and Iran digitally signed a peace agreement that includes the reopening of the Strait of Hormuz and the immediate return of Iranian oi

Japan's Marubeni buys Texas gas producer EagleRidge Energy II

The Bottleneck Holding Back Britain's Energy Industry

Alan Chang believes Britain’s energy crisis is largely self-inflicted. The founder of Fuse Energy, the $5bn (£3.72bn) energy supplier and infrastructure developer, argues that the UK already has the ingredients needed to drive investment in the sector. What it lacks, he says, is a planning system capable of turning that potential into projects. “There is more money chasing infrastructure projects than there are infrastructure projects”, Chang told City AM. “It’s basically a self-imposed bottlene

Oil down 6%, the 30-year fell, and the real yield wouldn't move. Someone tell me what I'm missing.

Oil's down 6% on the Iran peace, the nominal 30-year fell almost a full percent today, and the real yield wouldn't come down with either of them. DFII30 (or TIP actually tradeable) sat at 2.73, right at the top of its range. Peace drains inflation expectations and that should pull the whole yield structure lower, but the inflation piece left and the real cost of money stayed put. Gold and silver rallied on top of it. Can someone clear the air, because here's what I see. Oil and yields are joined

Trump Deal Opens Resumes Iran Oil Sales Immediately

Iran won’t have to wait for inspectors, certifications, or a long diplomatic victory lap to start earning oil revenue again. Under the agreement expected to formally end the war between the United States and Iran, Tehran will be allowed to immediately resume oil and fuel sales, according to people familiar with the deal who spoke to the Wall Street Journal. The sanctions relief takes effect as soon as the agreement is signed and extends beyond crude exports to include the banking, shipping, and

+++ Iran War +++: US peace agreement apparently allows Iran to sell oil immediately

Iranian ships are apparently heading for domestic ports +++ Trump open to review of Iran agreement by US Congress +++ The news blog.

+++ Ukraine War +++: Russian frigate apparently fires warning shot in the English Channel

Lukashenko: Russia and Ukraine must compromise +++ Drone attack sets Gazprom's Moscow oil refinery on fire +++ The news blog.

Falling Oil Prices Could Ease Pressure on India’s Trade Deficit

The tentative U.S.-Iran deal and the expected drop in oil prices amid increasing flows from the Middle East are set to help narrow India’s trade deficit, which held at relatively high levels in April and May due to the crude price shock. Higher refined petroleum products helped India’s trade deficit narrow slightly to $28.21 billion in May from $28.38 billion in April, but the crude import bill nearly doubled compared to the same month last year. India’s petroleum imports jumped to $22.7 billion

vanerk space accumulation etf jedg

hi all i bought this etf in my stocks isa as a speculative bet £13k total but bought pretty much at the top averaging £98 a share , currently £73, the stocks it composing of are rocket lab , planet lab, asts etc, i thought it would go up a lot more but this is a long term hold, im talking 20 years but obviously a drop of £4k currently isn’t what i want, these stocks overall are they good to hold long term to people who understand it more , also i haven’t dca in , now its £73 a share and im avera

Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz.

Shipping data show that only a fraction of normal tanker volumes are moving through the Strait of Hormuz.

Building type E: Less construction disputes? Are you kidding me? Are you serious when you say that!

With the new building type E, the federal government wants to make building easier. But criticism of it is growing. The German lawyers' association does not believe that there are fewer construction lawsuits - on the contrary.

Chinese Refining in May at Lowest Level in Nearly 4 Years

The question for the market, now that a deal has been reached to reopen Hormuz, is whether Chinese demand for fuels like gasoline will normalize, or whether the rapid transport electrification has permanently dented consumption.

Hormuz Reopens as Traders Price Out the War Premium

The U.S.-Iran agreement to reopen Hormuz and lift the maritime blockade has pushed oil below $80, though risks remain if tensions in Lebanon escalate. China Slams the Brakes on Crude Refining - China’s crude throughput has plunged by a hefty 9.1% year-over-year to 12.7 million b/d, according to the country’s National Bureau of Statistics, marking one of the most substantial instances of demand destruction on the heels of the US-Iran conflict.- Refinery runs in China plunged to their lowest since

The $10 Billion Energy Corridor That Could Bypass Hormuz

The extended disruption caused by the US-Iran conflict highlights a need for diversifying energy export routes to reduce dependency on shipping via the Strait of Hormuz. A new initiative launched by the Washington, DC-based New Lines Institute seeks to develop Syria and Turkey into major energy distribution hubs. The Four Seas Initiative outlines an expansive framework for redirecting energy export flows in ways that can lessen European dependence on Russian and Iranian oil and gas while directi

Europe Wary of Sending Hormuz Aid as Questions Linger

At the Group of Seven Summit, held in France, Europeans have raised a series of questions about what exactly was agreed to before committing to demining missions and patrols.

Oil may move through the Strait of Hormuz first, leaving fertilizer supplies stranded

The interim peace agreement between the U.S. and Iran seems to be doing little to answer some of the thornier questions about the Strait of Hormuz, including how much longer it will take for products other than crude to start moving through again.

Hundreds of Well Workers offshore Norway Go on Strike

The Norwegian Union of Energy Workers is staging strikes against offshore well services companies after refusing proposals that the union sees as years behind collective bargaining agreements in other parts of the oil and gas industry.

U.S. EV Adoption Slows While Global Demand Accelerates

Electric vehicle sales in the United States are set to account for only 17% of all nationwide passenger vehicle sales in 2030, BloombergNEF said in its latest EV outlook, slashing its 27%-share projection from last year as the Trump Administration ended incentives for electric vehicles. Back in 2024, the year before President Trump won a second term in office, BloombergNEF expected EVs to have a 48% share of total U.S. passenger car sales in 2030. With the scrapping of the incentives for electri

5 arrested after FBI foils drone, sniper plot during White House fight night

US law enforcement on Tuesday said it had foiled a plot to attack the White House during a crowded mixed martial arts event attended by President Donald Trump and other top officials. “Thanks to the rapid action of the FBI, our partners, and the Department of Justice in a multi-state operation, multiple individuals are now in custody and allegedly planned attacks were stopped cold,” FBI Director Kash Patel announced on social media. His post included a caption of a Fox News headline reading:...

Trade Republic, Flatex and Co.: The allocation puzzle at the SpaceX IPO

A number of investors received fewer shares than hoped for in the SpaceX IPO - also because of their choice of broker. What this teaches for the next IPOs.

As Hormuz crisis eases, gas prices may drop—other costs like groceries and home goods could stay high for a while

Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.

Australian LNG Strike Threatens Global Gas Supply as Qatar Recovery Lags

The ongoing strike action at Australian LNG facilities of Inpex is expected to disrupt operations significantly, a senior official at the Japanese energy firm told Bloomberg on Tuesday. Workers at Inpex’s Ichthys LNG facilities last week voted to escalate the strike action at all three sites to work stoppages of up to 8 hours per day, up from 4 hours previously. “We anticipate imminent disruption to production at both onshore and offshore Ichthys LNG facilities,” Bill Townsend, senior vice presi

Iran war ‘stark wake-up call’ for fossil fuel-dependent Southeast Asia: IEA report

The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it does not diversify sources of energy more quickly, according to an International Energy Agency (IEA) report released on Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a “stark wake-up call” for its energy security, the report says. It notes that rising sales of electric vehicles, a...

Energy: Oil prices continue to fall significantly

Since the situation in the Middle East has eased, crude oil prices have been on the decline. The price of a barrel of Brent oil falls below $80.

Survey: Fund managers are becoming more cautious about stocks – but only a little

Institutional investors are no longer investing quite as much in stocks as they did a month ago. However, fears of major setbacks are only evident in one region.

The new oil? Inside the effort to turn AI computing power into a tradeable commodity

AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.

Energy: Oil prices continue to fall significantly

Since the US and Iran agreed on a framework agreement, crude oil prices have been on the decline. The price of a barrel of Brent oil fell below $80 for the first time since the beginning of March.

U.S. and Iran Digitally Sign Peace Deal to Reopen Strait of Hormuz

The United States and Iran have electronically signed a framework deal to end the three-month-long war and reopen the Strait of Hormuz, senior US administration officials said on June 15. Speaking on background to reporters, the officials said US President Donald Trump and Vice President JD Vance signed the agreement virtually, while Iran's parliament speaker and chief negotiator, Mohammad Baqer Qalibaf, signed on behalf of Tehran. The deal is expected to be formally signed during a ceremony in

Dubai and Murban Crude Signal End of Middle East Supply Crunch

The benchmark crude grades of the Middle East have slumped this week as the U.S.-Iran deal raises hopes that supply from the top oil-exporting region would begin to recover soon. As a result of the eased concerns about prompt crude supply from the region, the key benchmark crudes, Dubai and Murban, saw their futures curve structure on Tuesday flip to contango for the first time since the war began on February 28, according to data compiled by Bloomberg. The contango structure, in which prices fo