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2 mins read

Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

The $55 to $60 level has acted as a floor for Occidental Petroleum stock since Buffett started buyi…

Matthew Fox   


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3 mins read

Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction

These ultra-processed foods also tend to be excessively high in fats and unusually low in fibres an…

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5 mins read

Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs

The AI boom was a welcome change for VCs wanting a new trend to back (and even profit from). But it…

Dan DeFrancesco   


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2 mins read

Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say

Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…

Nathan Rennolds   


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5 mins read

Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.

Ukraine continues to target Russian oil facilities despite reported US objections, with one militar…

Mia Jankowicz   


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1 min read

Oil prices spike on crude inventory update and Powell's rate-cut outlook

The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…

Yuheng Zhan   


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3 mins read

Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

The comments come as the West has stepped up criticism of China's dumping of cheap green products o…

Huileng Tan   


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2 mins read

North Korea said its new liquid oxygen engine caused the downfall of its latest spy satellite and blew it up in midair

North Korean state media cited a space official saying preliminary analysis showed issues with a ne…

Matthew Loh   


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India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions

Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…

Filip De Mott   


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1 min read

Pakistan just became the latest country to snap up cheap Russian oil

Barrels of Russian oil trade for $15 a barrel less than other benchmarks, as the war in Ukraine has…

George Glover   


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Stock market today: US stocks end mixed as bond yields climb ahead of latest inflation data

The 10-year Treasury yield reached a 2024 high Monday as investors continue to adjust their expecta…

Filip De Mott   


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2 mins read

Here's why OPEC's production cuts haven't boosted the price of oil

Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from p…

Phil Rosen   


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US oil prices surge to their highest level in 2023

Production cuts from OPEC+ this summer have weakened global crude supply and sparked more than a 30…

Phil Rosen   


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U.S. Economy Soars: 3 lakh jobs added in 39th consecutive month of growth, boosting confidence and easing inflation concerns

Economists and market investors alike are finding renewed confidence in the resilience of the U.S. …

ANI   


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Bitcoin's fair value is zero, and the latest boom will spark 'massive' collateral damage, ECB says

The ECB slammed bitcoin, describing the approval of spot ETFs in the US as "the naked emperor's new…

Yuheng Zhan   


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3 mins read

Ukraine appears to be attacking Russia's oil-and-gas industry with small, cheap drones that can bypass its air defenses

Russia's air defenses have proven to be less potent against small drones because they're meant to d…

Alia Shoaib   


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1 min read

Indian stocks rise marginally; Nifty metal top mover

Indian stock indices started Friday's trade on a marginally positive note, with Nifty auto, Nifty m…

ANI   


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US Navy video shows a dozen Iranian fast-attack boats swarming an oil tanker in its latest maritime seizure

Wednesday's incident is the second time in less than a week than Iranian forces have seized an oil …

Jake Epstein