On Wednesday, government officials announced that ten South Korean petrochemical companies have reached an agreement to restructure their operations. This will involve significant reductions in their naphtha-cracking capacity, according…
European gas prices have once again faced downward pressure since the start of August, with the benchmark price showing a notable decline.According to Commerzbank AG, the European gas…
A nasty summer surprise has dealt a significant blow to the UK economy, as official data revealed on Wednesday. UK inflation unexpectedly accelerated in July, stoking fresh fears…
The US economy is sending mixed signals. Growth has slowed, job creation has weakened, yet prices keep rising in stubborn ways. Consumers feel squeezed, investors are riding a…
Brent crude prices remained largely unchanged over the past fortnight, hovering between $65 and $66 per barrel, as anticipation of Russian oil re-entering global markets due to ongoing…
Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. The disruption in supply was attributed to a Ukrainian…
The Trump administration has expanded its tariffs on steel and aluminium to cover more than 400 additional product categories, in a move that significantly broadens the scope of…
Shares of Lululemon Athletica fell around 3% to $197.80 in afternoon trading on Tuesday after Wells Fargo reduced its price target on the stock to $205 from $225.…
The Trump administration’s reported plan to scoop up a 10% stake in beleaguered tech giant Intel Corporation could provide a much-needed upside to the company, analysts say.“There is…