United Ends Pursuit of American Airlines After Merger Approach Rebuffed

By and American declined to engage with United approach United CEO said deal would have been good for US jobs, economy Trump said he did not support a merger WASHINGTON,…

OpenAI Breaks Off Microsoft Exclusivity to Free up Path for Amazon, Google Deals

By , and OpenAI can now sell products on Amazon and Google Cloud, expanding enterprise reach Microsoft aims to reduce reliance on OpenAI by developing its own AI models Ending…

Japan’s Top Utility JERA Has Secured LNG Supply Through July

Japan’s biggest LNG importer and largest power producer, JERA, has secured its LNG supply through July and will adjust its procurement strategy to be more flexible amid the Middle East…

Citi Raises Brent Forecast for 2026; Sees $150 Oil if Hormuz Disruption Persists

Citi raised its outlook for average Brent crude prices for the rest of 2026 late on Sunday, warning prices could surge to $150 a barrel if oil flows through the…

Fed Likely to Hold Rates Steady as Powell Prepares for Possible Swan Song

By Fed officials will decide whether to signal possible rate hikes amid oil shock Warsh confirmation may move forward after end of Powell probe Powell could still remain on Fed’s…

Heatwave Boosts India’s Power Demand to Record High

As expected, India’s power demand hit a new record high as early summer heat waves pushed electricity consumption for cooling past previous highs. In two consecutive days this weekend, India…

China’s Cleantech Machine Hits Top Gear as Oil Markets Crumble

Chinese exports of clean technology, including solar panels, electric vehicles, and batteries, surged to a record-high in March as the war in the Middle East resulted in a major oil…

Hormuz Disruptions Drive Crude Higher as U.S.-Iran Diplomacy Stalls

Oil prices surged over 2% Monday before falling back as stalled U.S.-Iran diplomacy and continuing disruptions in the Strait of Hormuz drove a fresh risk premium into crude markets, with…

LNG Carrier Deliveries Set to Hit 100 This Year, Up 27% From 2025

Shipyards are expected to deliver up to 100 new LNG carriers this year, up from 79 last year, as new projects in the U.S. and demand for new and more…

BP Shares Up 20% Since Iran War, Leading All Supermajors

The Iran war and the loss of oil and gas supply from the Middle East have upended the stock performance of the biggest international majors. BP, the laggard of the…