Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following...
Tag : oil prices
Shell profits drop 16% but maintains strong shareholder returns
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion...
Brent crude inches higher amid falling U.S. crude inventories
Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar...
Dow Jones rises while Fed decision draws investor focus this week
Markets opened higher Monday as investors awaited the Federal Reserve’s meeting, with key rate decisions and 2025 projections expected, while Nasdaq reshuffle pressured Super Micro...
U.S. crude jumps 3% on Libya halt, tensions
U.S. crude oil prices increased by 3% due to a production stop in Libya and ongoing Middle East tensions....
Rising geopolitical tensions could push oil prices to $90 a barrel
The ongoing geopolitical tensions between Israel and Hezbollah, with potential Iranian involvement, could drive oil prices to $90 per barrel....
OPEC predicts 2.25 million bpd surge in global oil demand
OPEC projects 2.25M bpd surge in global oil demand for 2024-2025. Robust outlook amid geopolitical tensions....
Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut
In a pivotal move, OPEC+ members, responsible for over 40% of global oil supply, have agreed to substantial voluntary production cuts for early next year....
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country’s ambitious plan to invest $1.8 billion in offshore exploration for...
Nasdaq falls as oil prices soar amid concerns of inflation and recession
The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat...