World News by Wild Rose

Jeff Currie, CEO at Real Macro, says the US focus on issues with diesel prices is “going to make the gasoline problem likely far worse.” He advocates owning the energy equities in what he calls “the revenge of the old economy” in a rotation out of tech. (Source: Bloomberg)

Oil fell as concerns about the supply disruptions caused by the conflict in the Middle East eased and the International Energy Agency raised its forecast for the war’s impact on supply. Bloomberg's Stuart Livingstone-Wallace reports. (Source: Bloomberg)

Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. (Source: Bloomberg)

US President Donald Trump announces a plan on Truth Social for oil, gas and mineral exploration in Greenland.

Venezuela told OPEC it pumped 1.206 million barrels a day in September, barely more than in July, a test for US licences and the August oil deal. The post Venezuela Oil Output Holds Near 1.2 Million appeared first on The Rio Times.

Latin America opens before US September inflation data, with the Ibovespa down 1.04%, the real weaker by 0.81%, oil firm and Asian stocks sharply lower. The post LatAm Opens Before US Inflation as Ibovespa Drops 1.04% | Pre-Open, Oct 14 appeared first on The Rio Times.

Guyana’s crude oil exports are set to surpass 1 million barrels a day for the first time when the country starts shipping its Uaru grade in December.

Chinese refiners will slow drawdowns of oil from reserves this month as crude imports recover, according to Energy Aspects.

Vaca Muerta oil hit a record, lithium exports nearly tripled and the RIGI promises US$49.7 billion. Who extracts Argentina's wealth and who profits. The post Argentina Natural Resources Explained 2026 appeared first on The Rio Times.

Trump's energy truce sparks criticism over aiding Russia's war finances amid diesel shortages and rising consumer costs.

Oil slipped as traders weigh a potential energy ceasefire between Ukraine and Russia while the IEA urged members to speed up pledged diesel releases. This comes after hostilities escalated across the Middle East, with strikes by Houthis on Saudi Arabia’s Riyadh airport. Angela Wilkinson, Secretary General at the World Energy Council spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa to discuss the pressures on the energy markets. (Source: Bloomberg)

Oil above $100 keeps inflation fears alive. Polymarket puts a December Fed hike at 74.5% before Wednesday's US inflation data. The post Oil Above US$100 and Fed Hike Odds Frame Week | Global Economy, Oct 12 appeared first on The Rio Times.

Latin America opens thin as four markets close for holidays, with oil near $103 and the dollar firm. Mexico's industrial output is the key data. The post LatAm Opens Thin After Ibovespa’s 1.38% Gain | Pre-Open, Oct 12 appeared first on The Rio Times.

Rio Times · Asia Intelligence Brief October 8, 2024 — Asian equities retreat on oil and yield pressure; China plans post-reunification Taiwan governance and taps ultra-deep oil; India weighs US F-35 aircraft. The post Asia Intelligence Brief — Thursday, October 8, 2026 appeared first on The Rio Times.

Russia’s oil product shipments climbed to a three-month high in September, even as diesel flows slumped because of a government export ban.

Saudi Arabia and the United Arab Emirates will support a Japanese initiative to bolster oil supplies in Southeast Asia after war-driven disruptions heightened concerns over energy security.

Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contracts, formalizing a system the kingdom has been using during the Iran war as it pushes for greater market share.

The World Bank now expects Guyana’s economy to grow 23.7% in 2026, the region’s fastest rate. Oil drives the boom, and critics warn about dependence. The post World Bank Lifts Guyana Growth to 23.7% appeared first on The Rio Times.

Oil edged up on 6 October as Saudi supply risk offset the G7 reserve release. The EIA sees Brent at US$105 in Q4; Latin American producers fell. The post Brent Edges Up 0.7% to US$101 as Petrobras Falls | Oil, Oct 6 appeared first on The Rio Times.

El petróleo de Medio Oriente vuelve a fluir casi como antes de la guerra en Irán. Entonces, ¿por qué el crudo sigue sobre los US$100 por barril y un 40% por encima de los niveles previos al conflicto? Te explicamos cinco razones. (Source: Bloomberg)

Leading oil executives warned that the world is running out of stopgaps to manage the impact of the Iran war as the conflict extends into an eighth month.

Oil slid on Monday after the G7 said it would release strategic stocks, while Petrobras’s New York shares jumped 11.50% on Brazil’s election. The post Oil Fund Falls 2.3% on G7 Release as Petrobras Jumps | Oil, Oct 5 appeared first on The Rio Times.

Colombia exports rose 15.1% to US$4.46 billion in August 2026, DANE said on 5 October, as gold, coal and oil sales grew while coffee fell. The post Colombia Exports Rise 15.1% in August on Gold and Coal appeared first on The Rio Times.

This year’s oil price rally has produced one clear winner: South Africa’s Sasol Ltd. is the top-performing emerging-market stock outside Asia and many analysts are betting its bull run has further to go.

Energy Aspects founder Amrita Sen says the increased cost of shipping is the reason why Saudi Arabia cut prices of its benchmark grade to Asia. "It's costing about $30 per barrel right now to move oil from Hormuz to Asia," she tells Bloomberg Television. "The biggest issue is ship-to ship," she adds. (Source: Bloomberg)

Saudi Arabia has cut prices for its benchmark oil grade to Asia in November as flows through the Strait of Hormuz increase.

Global energy prices have been soaring due to the US and Israel's war on Iran and Russia's war on Ukraine.

The coordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.

Ecopetrol eyes Venezuela: its new president joined a Caracas oil and gas congress. No deal is signed, but Colombia's falling gas output raises the stakes. The post Ecopetrol Eyes Venezuela as Its Chief Is in Caracas appeared first on The Rio Times.

Asian stocks were poised to fall as oil surged on the prospect of renewed conflict between the US and Iran, reviving concerns about the inflationary impact of higher energy prices. Bonds will be in focus after a rebound in Treasuries.