On Wednesday, Oil prices fluctuated as policymakers discussed emergency measures to stabilize energy markets, while Asian equities rebounded after a brief retreat in crude prices. At the same time, US President Donald Trump announced plans for the first new American oil refinery in five decades, and disruptions to Qatar’s LNG exports raised concerns about tighter […]
U.S. Secretary of State Marco Rubio designated Afghanistan as a ‘state sponsor of wrongful detention,’ accusing the Taliban of ‘unjustly’ detaining Americans and other foreign nationals. In his announcement on Monday, Rubio said the Taliban continues to use ‘terrorist tactics’ that he insisted ‘need to end.’ ‘I am designating Afghanistan as a State Sponsor of […]
The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors. The AUD/USD exchange rate jumped to its highest point since 2022, while the ten-year government bond yields dropped from this week’s high of 5% to the current 4.80%. Similarly, the ASX 200 Index, […]
US President Donald Trump said the United States will see its first new oil refinery built in five decades, backed by investment linked to India’s Reliance Industries. Trump announced the project in a post on Truth Social, saying the refinery will be located in Brownsville, Texas, and developed by America First Refining. “I am proud […]
D.A. Davidson’s senior analyst Gil Luria continues to see Oracle (NYSE: ORCL) as exceptionally cheap at about 25x forward earnings, despite an 8% rally after Q3 earnings late on Tuesday. Oracle came in handily above Street estimates in its third financial quarter and cited solid artificial intelligence (AI) tailwinds as it guided for a better-than-expected […]
House Speaker Mike Johnson, R-La., signaled Tuesday that Republicans will continue to closely align themselves with President Donald Trump as the November midterms creep closer. ‘The American people are going to understand he is on the ballot, at least in a metaphorical sense, because if we were to lose the midterms, everybody knows the chaos […]
A senior Trump administration official and former acting U.S. attorney for D.C. is under disciplinary review for his role in President Donald Trump’s anti-diversity, equity, and inclusion initiative — sparking outrage from the Justice Department, which assailed alleged ethics violations against Ed Martin as a ‘partisan’ effort, and one that unfairly targets Trump and his […]
Kharg Island, which handles the bulk of Iran’s crude exports and was once floated by President Donald Trump as a potential target could spark broader regional instability and attacks on energy infrastructure if struck by the U.S., a leading energy security expert has warned. Reports indicate the Trump administration is weighing options that could include […]
DORAL, Florida — President Donald Trump told House Republicans Monday he had one overriding legislative priority for 2026. Then they spent Tuesday talking about just about anything else. Trump’s demand for passage of an updated SAVE America Act — a GOP elections bill that the House has advanced two versions of already — was met […]
Russia has turned to its so-called ‘shadow fleet’ to carry out a roughly $29.3 million ‘semi-dark’ ship-to-ship oil transfer in the Gulf of Oman, deliberately sidestepping Western sanctions, according to reports. Maritime intelligence firm Windward AI reported on March 8 that the Russian-flagged tanker M/V TRUST, a vessel already blacklisted by the U.S., European Union […]