Brent crude slipped to around $93 per barrel on Friday, May 29, as markets reacted positively to reports that the United States and Iran have agreed to extend their ceasefire by 60 days. The tentative deal, which includes provisions for unrestricted shipping through the Strait of Hormuz, has taken significant…
Daily transit slots through the Panama Canal are returning to pre-drought norms after a sustained rainy season lifted Gatun Lake to within centimeters of its full operating level. The Panama Canal Authority has raised the daily booking quota to 36 vessels, up from a low of 22 during last year’s…
Day-ahead power prices across continental Europe tumbled to multi-year lows this week as a record stretch of solar generation, mild temperatures, and high wind output overwhelmed midday demand. German baseload prices traded below €20 per MWh on several afternoons, with negative prints recorded in Spain, the Netherlands, and parts of…
Brent crude slipped below $80 per barrel for the first time since February after Saudi Arabia signaled it will lift production by roughly 400,000 barrels per day beginning in July, a move that has raised fresh concerns about cohesion within the OPEC+ alliance. The kingdom’s decision follows months of frustration…
EU’s Carbon Border Adjustment Mechanism begins reshaping global trade flows as carbon-intensive imports face new pricing requirements.
OPEC+ extends production cuts through year-end, stabilizing crude oil prices with Brent near $84 per barrel.
India tops global manufacturing investment rankings for the first time, driven by supply chain diversification and government incentives.