Florida gas stations run empty amid panic ahead of Hurricane Milton
By Shariq Khan NEW YORK (Reuters) -A growing number of gas stations were flashing empty signs on Tuesday as panic-buying gripped Florida, where residents are bracing for a monster hurricane…
Oil futures lower after API data show big increase in US crude stocks
Investing.com — U.S. crude oil futures were lower in post-settlement trading Tuesday after the American Petroleum Institute reported a much larger-than-expected increase in weekly domestic crude stocks amid weather-related disruptions…
Oil prices settle lower after Hezbollah reportedly backs ceasefire efforts
Investing.com — Oil prices settled sharply lower Tuesday as reports that Hezbollah is seeking a Israel with Israel helped ease concerns about wider Middle East conflict. At 2:30 p.m. ET (1830…
Dollar steadied by focus on Fed path, China, Middle East
By Alden Bentley and Medha Singh NEW YORK/LONDON (Reuters) – The dollar held firm on Tuesday, treading water just under last week’s seven-week highs as investors assessed the outlook for…
Crude prices slide over 4% on possible Hezbollah-Israel ceasefire
By Erwin Seba HOUSTON (Reuters) -Oil prices slid on Tuesday, settling down more than 4% on news of a possible ceasefire between Hezbollah and Israel, although prices found some support…
Biden announces new rule to remove all US lead pipes in a decade
By Daphne Psaledakis and Jarrett Renshaw (Reuters) -The Biden administration finalized a landmark rule on Tuesday that would require water utilities to replace virtually every lead pipe in the country…
Gas stations run empty as panic grips Florida ahead of Hurricane Milton
By Shariq Khan NEW YORK (Reuters) – A growing number of gasoline retailers were flashing empty signs on Tuesday as panic-buying took hold of Florida, where residents are bracing for…
US natgas output to decline as demand hits record high in 2024, EIA says
(Reuters) – U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy…
Trader Vitol sells Venezuelan oil to Indian refiners, trade sources say
By Nidhi Verma and Marianna Parraga NEW DELHI/HOUSTON (Reuters) – Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade…
The Hidden Dangers of the Shadow Banking System
Imagine a world where banks don’t just sit under the watchful eye of regulators but instead operate out of sight—still providing credit and financial services but without the same rules…
