Markets are pricing in practically no chance of a rate cut when officials meet later this month, according to the CME Fedwatch.
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Some traders see a possible parallel to the spike and subsequent crash in oil prices in 2008 if the war drags on and threatens supplies.
The US-Israel conflict with Iran has triggered the biggest oil supply disruption ever, topping the 1956 Suez crisis.
Oil production in the Middle East may fall dramatically if the Iran conflict traps stockpiles from being shipped out of the region.
Oil prices are surging as Iran’s counterattacks on the US and Israel curbed shipments through the Strait of Hormuz.
Deep Fission wants to bury a small modular reactor a mile underground and scored $80 million in financing to help it get there.
The good times may not last as the dynamic between AI firms and utility companies draws bipartisan scrutiny.
Has the dawn of the nuclear fusion age arrived? One developer of the powerful energy-generating tech says it will be available in 10 years.
UK oil major Shell posted its weakest quarterly profit in nearly half a decade on Thursday, sending its New York-listed shares down 5.3%.
Since the 1980s, Citgo Petroleum has operated as the US-based subsidiary of Venezuela’s state-owned oil and gas company.
Venezuela’s 303 billion barrels worth of oil reserves are estimated to be about a fifth of the world’s total.
NEADA found the average monthly electric bill has surged 29% since 2021, and natural gas has jumped 50% over the past year.
Correspondingly, Americans are enjoying the lowest prices at the pump in about 4 years, according to driver’s association AAA.
Shell and BP shares rose roughly 3% on Thursday, while US majors Exxon Mobil and Chevron were more muted, up 1.1% and 0.6% respectively.
A nuclear boom is directly downstream from the AI boom, with $350 billion in nuclear spending in the US planned by 2050, per Bloomberg.