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Latest Energy & Metals

Australian Consumer Confidence Rises Slightly on Cheaper Petrol

Key Points: Australian consumer sentiment increased by 3.5 percent in May following a temporary drop in fuel taxes. The overall confidence score remains at a gloomy 83.0, well below the historical average of 100.3. The Reserve Bank of Australia raised interest rates for the third consecutive month, hurting household budgets. A massive 85 percent of...

Japan and South Korea Hold Hometown Summit to Secure Energy Resources

Key Points: Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung meet in Andong for a two-day diplomatic summit. The two leaders plan to build a united front to secure stable energy resources amid the ongoing war in Iran. This trip highlights strong shuttle diplomacy, as Takaichi visits Lee's hometown just months...

US Extends Russian Oil Waiver to Fight Soaring Prices Amid Iran Conflict

Key Points: Treasury Secretary Scott Bessent extended a special rule allowing the sale of Russian crude oil for a third month. The United States benchmark crude price reached roughly $103 a barrel as the war in Iran disrupts shipping routes. Bessent warned that crude prices could have reached $150 a barrel if the government canceled...