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Middle East turmoil leaves gas prices exposed

Middle East turmoil leaves gas prices exposed

Typically, oil and gasoline prices peak in July or early August. The summer vacation driving season has peaked or is about to peak. Families with children will start to head home to get ready for the new school year. Days are getting shorter. But the rest of 2026 is uncertain. Oil prices were up ...
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OPEC agrees September oil hike, completing rollback of voluntary cuts

OPEC agrees September oil hike, completing rollback of voluntary cuts

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON, Aug 2 (Reuters) - OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts.
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Exxon and Chevron Warn of Sustained High Fuel Prices Amid Global Refining Constraints

Exxon and Chevron Warn of Sustained High Fuel Prices Amid Global Refining Constraints

Exxon and Chevron Warn of Sustained High Fuel Prices Amid Global Refining Constraints
Reuters Reuters
Wars, cyberattacks could challenge euro zone banks' fx liquidity, ECB says

Wars, cyberattacks could challenge euro zone banks' fx liquidity, ECB says

By Balazs Koranyi FRANKFURT, July 31 (Reuters) - Wars, supply chain disruptions and cyberattacks are among the top risks facing euro zone banks and some could fall short of foreign currency liquidity requirements in case of acute stress, the European Central Bank said based on a stress test on
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Euro zone inflation ticks up in July, bolstering rate hike case

Euro zone inflation ticks up in July, bolstering rate hike case

By Balazs Koranyi FRANKFURT, July 31 (Reuters) - Euro zone inflation ticked up in July, adding to an already strong case for another European Central Bank interest rate hike, especially as high oil prices foreshadow a further broadening of price pressures.
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Tariff provisions could doom long-awaited Russia sanctions bill

Tariff provisions could doom long-awaited Russia sanctions bill

(Refiles to correct spelling to Mayur Patel not Mahur Patel, paragraph 17) By Andrea Shalal and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A Russia sanctions bill championed by the late Senator Lindsey Graham faces a tough road in Congress as Democrats and some Republicans raise concerns
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Oil rises as traders assess shipping flows; big monthly gain in sight

Oil rises as traders assess shipping flows; big monthly gain in sight

By Siddharth Cavale and Anushree Mukherjee NEW YORK, July 31 (Reuters) - Oil prices rose more than $1 on Friday and were on track for a big monthly gain as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key
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Oil climbs as traders assess shipping flows; big monthly gain in sight

Oil climbs as traders assess shipping flows; big monthly gain in sight

By Siddharth Cavale and Anushree Mukherjee NEW YORK, July 31 (Reuters) - Oil prices rose on Friday and were on track for a big monthly gain as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway. 
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Analysis-Tariff provisions could doom long-awaited Russia sanctions bill

Analysis-Tariff provisions could doom long-awaited Russia sanctions bill

By Andrea Shalal and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A Russia sanctions bill championed by the late Senator Lindsey Graham faces a tough road in Congress as Democrats and some Republicans raise concerns about new trade powers the legislation would grant President Donald Trump.
USA Today USA Today
Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine’s ambassador to the United States says Kyiv has no interest in merging its war against Russia with the U.S. conflict in Iran after drone hit.
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Oil rises as traders assess shipping flows; monthly gains in sight

Oil rises as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices rose on Friday and remained on track for a monthly increase as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.
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Oil rises over 1% as traders assess shipping flows; monthly gains in sight

Oil rises over 1% as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices rose more than 1% on Friday and remained on track for a monthly rise as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.