The prospect of more Russian fuel returning to world markets has shifted from political announcement to logistical test. The United States has waived some sanctions and tariff measures affecting Russian exports, while Washington and Moscow have publicized plans for Russia...
Gold is caught between two forces. A pullback in oil prices can cool fears that energy costs will keep inflation high, which may ease pressure on the Federal Reserve to tighten policy. But gold must also compete with interest-bearing assets:...
The Indian rupee closed Friday at about ₹96.73 per US dollar, close to its record low of ₹96.96, reached in May. The Reserve Bank of India has announced fresh steps to relieve pressure, but the forces behind the currency’s slide...
OPEC+ heads into its Sunday, October 4 meeting with a question that reaches beyond whether production targets should rise, fall or remain unchanged: how much oil can its members actually bring to market? After months of disruption to Gulf production...
Government bonds are sending an increasingly expensive message: lenders want more compensation for inflation, uncertainty and the growing demands on their money. On October 1, the US 10-year Treasury yield touched 5.34%, its highest since 2002, while Britain’s 30-year borrowing...
The Federal Reserve’s September rate increase gave the dollar a clear source of support. On September 16, the Fed raised its target range by a quarter percentage point to 3.75%–4.00%, saying inflation remained elevated even as economic activity continued to...
Oil shocks are often measured by the price of a barrel of crude. The wider economic effect can be easier to see at the diesel pump. Diesel powers trucks, rail freight, farm equipment and parts of the industrial economy. When...
Saudi Arabia has opened another outlet for its crude oil as attacks on the kingdom’s East–West Pipeline disrupt shipments through the Red Sea. Saudi Aramco is offering additional cargoes to Asian refiners through ship-to-ship transfers off Sohar, Oman, providing the...
OPEC+ heads into a closely watched virtual meeting on Sunday, September 6, with the oil market in a very different position from the one that drove the producer group to steadily restore supply earlier this year. The seven countries participating...
President Donald Trump has presented the new United States–Venezuela oil agreement as the largest petroleum deal in history—one that will expand American access to crude, replenish the Strategic Petroleum Reserve and eventually lower gasoline prices. The headline number is undeniably...
