Diesel supplies are very scarce across the Northeast and in the Southeast. Supplies are at the lowest seasonal level for this time of year, and the US only has 25 days left of the industrial […]
South Korean chipmaker SK Hynix Inc. provided a worsening outlook for the already slumping semiconductor market in its latest quarterly report, dashing all hopes for a quick rebound. Hynix said it would slash capital expenditures […]
Authored by Irina Slav via OilPrice.com, “The world is in the middle of the first truly global energy crisis,” the executive director of the International Energy Agency, Fatih Birol, said today in Singapore. IEA projections […]
Even before the outbreak of war in Ukraine and subsequent energy crisis in Europe, Germany’s Federal Statistics Office estimated that 2.6 million people in the country could not adequately heat their homes in 2021, for […]
Oil prices are rallying this morning as the dollar continued to weaken (to 3-week lows), shrugging off any worries about the surprise crude build API reported last night. “Crude oil remains rangebound,” said Ole Hansen, […]
Submitted by Ronan Manly of BullionStar.com Back in April 2020 during the LBMA-COMEX gold crisis of 2020, when gold prices on COMEX diverged nearly $100 higher than gold prices in London, and the LBMA and […]
US index futures are lower this morning, set to give back some of Tuesday’s 1.6% sharp rally as technology giants‘ earnings and outlook disappointed investors, stoking concerns about the industry’s profitability and raising new doubts […]
A Boeing 737 declared an “emergency” shortly after takeoff from Jakarta Soekarno-Hatta International Airport on Wednesday when one of the plane’s engines erupted in flames. The incident was reported just hours after Boeing reported third-quarter […]
With NATO’s “Steadfast Noon” annual nuclear drills already ongoing in the North Sea region, and led by B-52 bombers from the United States, Russia has formally notified Washington it is kicking off nuclear exercises of […]
With NATO’s “Steadfast Noon” annual nuclear drills already ongoing in the North Sea region, and led by B-52 bombers from the United States, Russia has formally notified Washington it is kicking off nuclear exercises of […]
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