EUR/USD
1.16209
-0.410%
Gold
4545.67
-2.292%
Oil
100.978
3.282%
USD/JPY
158.766
0.243%
GBP/USD
1.33180
-0.615%
GBP/JPY
211.449
-0.370%
Real-time News
S&P: As a major net exporter of crude oil and an emerging producer of refined products, Nigeria has been less affected by the Middle East conflict.The Dow Jones Industrial Average closed down 537.35 points, or 1.07%, at 49,526.11 on Friday, May 15; the S&P 500 closed down 92.74 points, or 1.24%, at 7,408.50; and the Nasdaq Composite closed down 410.08 points, or 1.54%, at 26,225.14.Fitch affirmed Rio Tintos rating at A with a stable outlook.On May 16th, according to US media reports, the Trump administration plans to streamline the licensing process for oil projects within the Alaska National Petroleum Reserve to boost crude oil production in the US Arctic. The Department of the Interiors move aims to establish a new licensing framework for the construction and operation of oil production facilities and related infrastructure. Under this plan, eligible projects could receive analysis and authorization more quickly, perhaps in as little as 30 days. This measure could benefit companies holding leases within the reserve, such as ConocoPhillips, Santos, and Repsol, and expedite government scrutiny of projects like ConocoPhillips Willow (which has drawn strong opposition from climate activists). During the Iran-Iraq War, with approximately 20% of global supplies tied up in the Persian Gulf, the Trump administration has intensified its calls for US oil companies to increase production.Canadian Prime Minister Carney: I think the new crude oil pipeline from Alberta to the Pacific coast will attract a lot of attention.
