Business

Cuban-Bound Russian Tanker Alters Route Following Atlantic Hold-Up

A Russian tanker laden with diesel fuel intended for Cuba has reportedly been diverted toward Brazil after spending weeks adrift in the Atlantic Ocean. The vessel, named Universal, initially...

Japan, South Korea Boost Cooperation in Energy and Defense Sectors

Japanese Prime Minister Sanae Takaichi recently visited Andong, South Korea, where she engaged in discussions with South Korean...

Xi and Putin Decide to Extend Their Treaty Further

In a significant diplomatic development, Chinese President Xi Jinping and Russian President Vladimir Putin have agreed to extend...

Three Weeks, 20% More Searches, $3.90 Gas: A Snapshot of the American EV Moment

Three weeks into the Iran conflict, the snapshot of the American EV market is unusually clear. Gasoline averages...

US Oil Prices Risk Fresh Spike Monday as Iran Conflict Deepens Energy Crisis

US oil prices are at risk of another sharp spike on Monday as the third week of the...

Gold Hits $4,689 and Silver Surges to $94 as Automotive Stocks Collapse on Trump’s Tariff Announcement

Monday's financial markets delivered dramatic results as precious metals achieved unprecedented price levels while European automotive stocks experienced severe declines. Gold reached a record...

Credit Card Chaos? Trump’s 10% Cap Proposal Rattles Markets

Financial markets are digesting the potential impact of Donald Trump’s latest policy bombshell: a 10% cap on credit card interest rates. The announcement, made...

PDVSA Adapts to Venezuela Supplying Oil to US Indefinitely

Petróleos de Venezuela SA finds itself negotiating arrangements fundamentally altering its operational independence with Venezuela supplying oil to the US indefinitely while attempting to...

Trump’s Venezuelan Oil Vision Gets Cool Reception from Energy Sector

President Trump's proclamation that US oil companies are ready to invest billions in Venezuela has produced remarkably little public enthusiasm from the energy industry....

Crude Markets Suffer Unprecedented Three-Year Losing Streak

Global oil markets have experienced their most dramatic annual decline since the pandemic crisis, with prices plummeting nearly 20% throughout 2025. This represents an...