The investment bank has abandoned its baseline view on oil for the first time since the Middle East conflict began, stating it cannot model an outcome amid significant supply disruptions and demand destruction.
European diesel refining margins fell nearly 3% on Thursday, pulling back from a record peak set in the prior session, as oil prices declined and key regional inventories remained stable.
The United States government has imposed sanctions on 11 Cuban entities, including state-run nickel enterprises and military research firms, in a move aimed at pressuring the island's government.
The main sea freight index for dry bulk commodities gained on Thursday, driven by a significant increase in rates for larger capesize vessels amid heightened iron ore demand from China.
Copper prices rose on Thursday, buoyed by strong physical demand indicators from China after a recent price decline from record highs. Key import premiums in the world's top consumer have reached multi-year highs, signaling renewed buying interest.
Shipowners have placed orders for a record number of oil supertankers this year, a spree valued at over $20 billion, as geopolitical conflict redraws global crude trade routes and boosts demand for long-haul shipping.
The U.S. Development Finance Corp. has approved up to $414 million in debt financing for a high-grade uranium project in Niger, a strategic move to secure critical resources and rebuild ties with the West African nation.
A sharp rise in energy prices and global borrowing costs is fueling concerns of a potential stagflationary environment, threatening to derail resilient economic growth and equity market performance.
The main sea freight index for dry bulk commodities rose on Thursday, driven by a notable increase in rates for larger capesize vessels amid strong demand for iron ore in China.
