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Lates News

date
09/04/2026
White House Press Secretary Levy: Today, there has been an increase in traffic in the Strait of Hormuz.
Latest
5 m ago
The U.S. Energy Information Administration (EIA) stated in today's release of the "Annual Energy Outlook" that U.S. crude oil production is expected to decline in the mid-2030s, while the global crude oil futures price is forecasted to remain below $70 per barrel by 2030. By 2050, U.S. crude oil daily production is projected to be between 12.4 million and 12.7 million barrels, lower than the 13.6 million barrels in 2025, with the Permian Basin accounting for a major portion of onshore output. U.S. domestic producers will also face a decrease in supply of high-quality drilling blocks. Consumption of oil and other liquid fuels is expected to decrease by 11% to 23% by 2050 compared to 2025, mainly due to the increased use of electric vehicles. It is expected that Brent crude oil futures prices will remain below $70 per barrel before 2030 and are forecasted to rise to over $75 per barrel by the late 2030s, supporting a rebound in crude oil production for most of the 2040s, but production is expected to decline again by 2050. This forecast does not take into account the U.S.-Iran ceasefire agreement.
8 m ago
As the United States and Iran reach a ceasefire agreement, traders are starting to consider the possibility of the Fed cutting interest rates before the end of the year. According to the CME Group's FedWatch tool, the probability of a rate cut on Wednesday morning has significantly increased to around 43%. This tool uses 30-day federal fund futures contracts to calculate market expectations for changes in Fed interest rates.
9 m ago
In a report on Wednesday, TD Cowen stated that Levi Strauss is in the early stages of a favorable denim cycle driven by young, fashion-forward consumers.
11 m ago
Iraqi Airways will resume domestic and international flights starting from Friday.
14 m ago
EIA Annual Energy Outlook Report: Brent crude prices are expected to be below $70 per barrel by 2030 and above $75 by the end of the 2030s.
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