Days are numbered on Russian diesel. In the coming weeks the EU will face a significant shortage of diesel supply as seaborne deliveries from Russia. Is the EU facing a potential fuel crisis?

On Monday, oil prices drifted lower following Israel's announcement of further troop withdrawals from Gaza and the start of renewed talks for a possible ceasefire in the ongoing six-month conflict in the Middle East.

All for nought? The day after the ECB manages to finally raise rates, we get a big fat recession warning from the PMIs. You can always rely on the ECB to mis-time the move…of course hikes are designed to slow the economy, it’s just that usually you’d be looking to do that far earlier in […]

FedEx reports significant profit decline and lowers revenue forecast due to weakening demand for fast deliveries, prompting a major restructuring effort. The company recently reported a significant drop in quarterly profits and revised its full-year revenue forecast downward, leading to a nearly 13% plunge in the shares during premarket trading.

The U.S. dollar saw a decline on Friday, as traders weighed new data that showed inflation was easing, fostering expectations that interest rates had reached their peak and central banks — particularly the U.S. Federal Reserve (Fed) — might soon initiate rate cuts.