Stock Market Today: Dow, S&P Live Updates for January 4

Stock Market Today: Dow, S&P Live Updates for January 4

The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more

Latest Oil Market News and Analysis for Jan. 2

Latest Oil Market News and Analysis for Jan. 2

Oil rose after Iran sent a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to regional tensions as ships continue to avoid the key waterway. Brent crude climbed above $78 a barrel after declining by 5% over the prior three sessions, with West … Read more

Argentina’s Javier Milei Seeks Free Oil Markets in New Legislation

Argentina’s Javier Milei Seeks Free Oil Markets in New Legislation

Argentine President Javier Milei is seeking to extinguish decades of government intervention in the nation’s oil industry by unshackling crude exports and leaving local fuel prices at the whim of market forces. Milei included such measures in sweeping legislation he sent to congress on Wednesday, the latest move since the libertarian president took office on … Read more

Half of Red Sea Container-Ship Fleet Avoids Route After Attacks – Bloomberg

Half of Red Sea Container-Ship Fleet Avoids Route After Attacks – Bloomberg

Half of Red Sea Container-Ship Fleet Avoids Route After Attacks  Bloomberg Red Sea shipping workarounds add costs, delays for suppliers, retailers  Reuters Red Sea attacks could raise prices for U.S. consumers  The Washington Post Why the ‘Gate of Grief’ is making headlines  National Geographic The Brewing Red Sea Storm – OpEd – Eurasia Review  Eurasia Review Source link

Houthi Red Sea Attacks Add $22 Billion to Shipping Company Valuations

Houthi Red Sea Attacks Add $22 Billion to Shipping Company Valuations

Houthi assaults on merchant ships as they sail through the Red Sea are driving up the shares of firms transporting everything from manufactured goods to oil and commodities. The combined market capitalization of the world’s largest publicly traded shipping companies has jumped by about $22 billion since Dec. 12, when the assaults really ramped up. … Read more

Kuwait Has a New Ruler Who Now Must Fix Its Old Problems

Kuwait Has a New Ruler Who Now Must Fix Its Old Problems

Like his immediate predecessor, Kuwait’s new ruler is taking over in his 80s and will be confronted with the same economy-hobbling political dysfunction that has for years doomed reforms. But there are differences in this succession as well as similarities, and how they play out will help dictate whether 83-year-old Emir Sheikh Mishaal Al-Ahmed Al-Jaber … Read more

Guyana Says Oil Producers Move Ahead Despite Venezuela’s Threats

Guyana Says Oil Producers Move Ahead Despite Venezuela’s Threats

Oil majors operating in Guyana’s waters are “moving ahead aggressively” with production plans despite Venezuela’s threats to take over the region in an escalating border conflict, according to President Irfaan Ali. Speaking from Georgetown, Ali said Guyana’s troops are prepared to defend the nation’s territory after Venezuela’s Nicolas Maduro revived a long-dormant dispute over the … Read more

COP28 Enters Final Stretch as UAE Pushes Fossil Fuel Deal

COP28 Enters Final Stretch as UAE Pushes Fossil Fuel Deal

The COP28 climate summit in Dubai entered its final two days as Sultan Al Jaber, the Emirati oil executive who’s presiding over this year’s talks, sought to produce a text that would include a commitment to reduce the world’s consumption of oil and gas for the first time. Early on Monday, negotiators were awaiting a … Read more