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Forecast: July 2023 Poised to Become the Hottest Month Ever Recorded

July 2023 is poised to rewrite climate history as U.N. Secretary-General António Guterres revealed that it is on track to become the hottest month...

Gold Rebounds, Copper Surges: Bank of Japan’s Hawkish Signals and U.S. GDP Growth Shake Markets

Gold prices bounced back on Friday, recovering from recent losses after the Bank of Japan took markets by surprise with some unexpected hawkish signals....

Oil Prices Slip 0.5% on Profit-Taking Amidst Strong US Economic Data; Weekly Gains Persist

Oil prices declined on Friday as traders took profits following substantial gains this week, while a rebound in the dollar, supported by robust U.S....

Gas Prices Bulls Face Resistance as U.S. Natural Gas Hovers Below $2.60 amid Cooling Forecasts

Gas prices in the United States remain restrained below the mid-$2 mark as weather predictions indicate a potential drop in August temperatures compared to...

Gold Prices Plunge 1.4% to Two-Week Low Amid Central Bank Tightening and Inflation Targets

After reaching its highest point in seven weeks just a fortnight ago, gold prices are now experiencing a significant reversal in fortunes. Responding to the...

US Regulators to Vote on Proposals: Accelerating Grid Connections for Renewable Energy

US regulators are set to vote on Thursday to expedite the integration of new energy projects into the electric grid, potentially reducing the mounting...

Crude Oil Prices Surge 1.3% Amid Indications of a Robust U.S. GDP and Economic Resilience

Crude oil prices experienced a surge on Thursday, driven by indications of robust economic activity in the U.S. and expectations of tighter supply conditions...

Biden Administration Implements Subtle Approach to Enforce $60 Price Cap on Russian Oil

The Biden administration is gearing up to intensify its outreach to western trading houses, insurers, and tanker owners, reminding them of the Group of...

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