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Major Shipping Firms Halt Red Sea Routes Following Houthi Attacks

Seven major shipping companies have suspended operations in the Red Sea due to increased missile and drone attacks by Yemen s Iran-backed Houthis.

United kingdomUnited statesMarshall islandsRed seaDjibouti generalSouth africaOil gainsIndia resumes imports of venezuela crude oilRussia urals oil exports disrupted by stormOil prices climb as russian exports dropEia revises down brent oil priceAssets boost exposure to oilOil prices continue to fallSoil sinksWay bet on oil cost fundUs crude oil inventories drop

U S Drillers Cut Drilling Activity Amid Stabilizing Oil Prices

The total number of active drilling rigs in the United States fell by 2 this week after climbing by 10 over the course of the last four weeks

South africaSaudi arabiaMarshall islandsRed seaDjibouti generalMa boom sees permian oil dealsIndia resumes imports of venezuela crude oilIndia imports of russian oilOil demand growthOil gainsRussia urals oil exports disrupted by stormIndia oil demand growth isAssets boost exposure to oilWay bet on oil cost fundEia revises down brent oil priceSoil sinks

Fed Keeps Rates Unchanged, Forecast Series Of Hikes In 2024

Officials decided unanimously to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, suggesting its aggressive series of hikes has come to an end.

Saudi arabiaUnited statesMarshall islandsRed seaDjibouti generalAssets boost exposure to oilEia revises down brent oil priceOccidental to buy permian oil producer crownrockSoil sinksAfrica largest oil refinery moves closer toOil prices continue to fallUs crude oil inventories dropMillion barrel purchase of crude oilIndia to boost oil refining capacityMa boom sees permian oil dealsOil prices continue to

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