Ukraine's Strikes on Russian Oil Have Become an Energy Market Story
Kyiv's long-range campaign against refining and export infrastructure is a military strategy with a measurable effect on global fuel prices.
Business
Six Months of War Have Reordered the Global Economy
Crude near $92, diesel at four-year highs and central banks turning hawkish: the Middle East conflict has become the dominant variable in the world economy.
Crude Reaches $92 in Its Strongest Week Since July
Oil rose to $92.06 a barrel on 6 September, up nearly 9% on the week and roughly 48% year on year, as US-Iran strikes resumed after a month's pause.
Global Trade's 'Recovery' Is Stabilisation at a Lower Level
A projected 2.5% rebound in 2026 follows a contraction — and lands in a world where an effective 7.2% US tariff rate has become the planning assumption.
Chevron's Venezuela Expansion Puts a Sanctioned Market Back in Play
The oil major is expanding operations after Washington's agreement with Caracas, testing whether reserves that size can be brought back to production.
Markets Price a Fed Hike as Inflation Refuses to Come Down
Futures now imply roughly a two-in-three chance the Federal Reserve raises rates this month, a reversal of the easing cycle investors spent the year expecting.
Stocks Slide as a Hot Payrolls Print Hardens the Case for a Rate Rise
August payrolls came in at 162,000 against expectations of 53,000, sending the Dow lower and pushing futures markets toward pricing a Fed hike.
A Strong Labour Market Has Become the Fed's Problem
Employers keep adding jobs and wages are outpacing prices. In the current policy regime, that is an argument for tighter money rather than a cause for celebration.
Canada Softens Seafood Counter-Tariffs Even as Talks Break Down
Ottawa is walking back retaliatory duties on seafood while negotiations with Washington collapse — a distinction between managing escalation and reaching agreement.
US Diesel Hits a Four-Year High as Europe's Inventories Run Thin
Refining capacity, not crude supply, is the binding constraint — and it is the one that reaches freight costs, food prices and factory output.
Dangote Refinery Cleared for a N2.15tn Listing
Nigeria's securities regulator has approved an IPO that would rank among the largest in the country's market history, as GDP growth reached 4.43%.
OPEC+ Completes Its Cut Rollback, Then Stops
A 188,000 barrel-a-day September increase finished the phased unwinding of voluntary cuts. Further rises look unlikely this year, and the reason is the Strait of Hormuz.