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…
Crude prices fall on possible ceasefire in Lebanon
By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures fell on Tuesday as fears of supply disruptions from the conflict between Israel and Iran eased after Iranian-backed Hezbollah signaled…
Revolut Pursues Banking License in Colombia Following Mexico Approval
British fintech company Revolut announced today (Tuesday) that it has applied for a banking license to operate in Colombia. This move comes as the firm seeks to strengthen its presence…
US power use forecast to reach record highs in 2024 and 2025, EIA says
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.…
High-Frequency Trading: Transforming Markets with Precision
Imagine a world where millions of trades are happening in the blink of an eye—where computers with rocket-speed algorithms analyze global markets and execute transactions in less time than it…
‘Evacuate now,’ Biden says to those in Hurricane Milton’s path
WASHINGTON (Reuters) – U.S. President Joe Biden on Tuesday urged those who have been ordered to leave before Hurricane Milton makes landfall in Florida to “evacuate now”, saying it was…
How Politics Shapes Currency Markets ?
Politics plays a vital role in shaping currency markets, influencing everything from exchange rates to investor confidence. The connection between politics and the foreign exchange (FOREX) market is undeniable. Political…
