The global precious metals market is projected to grow by over USD 95 billion in the next five years, driven primarily by sustained investor demand for safe-haven assets and increasing industrial use in rapidly expanding technologies, according to a new report from Mordor Intelligence. The market size, which was valued at $290.34 billion in 2025, is forecast to reach $386.16 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 5.87%, the research firm stated. Growth is being supported by a combination of investors seeking…

Oil prices steadied on Monday as Washington moved toward ending a 40-day government shutdown, offering a modest boost to demand expectations but leaving markets weighed by oversupply signals and still plenty of uncertainty.  On Monday at 1:42p.m. ET, West Texas Intermediate (WTI) traded at $59.99 a barrel, up 0.40%, while Brent crude was up 0.56% to $63.92. Murban crude stood at $66.25, and U.S. natural gas slipped 0.35% to $4.330 per million Btu. The U.S. Senate advanced a funding bill late Sunday expected to reopen federal agencies and restore…

Contrary to popular belief, oil prices aren’t determined by any one country, company, or cartel. Instead, they’re the product of a global tug-of-war among producers, traders, and policymakers. It’s a market defined not just by physics, but by psychology, where the actions of a few key players can ripple across the world in a matter of hours. On November 2nd, OPEC+ announced a modest 137,000 barrel-per-day production increase for December, followed by a pause on further increases in the first quarter of 2026. The move surprised…

Renault is in talks with a Chinese supplier to develop electric-vehicle motors that do not rely on rare earth elements, Reuters reported on Monday, in a move that comes as China lifts a nearly year-long ban on exports of gallium, germanium, and antimony to the United States and a day after Beijing said it would suspend new restrictions on rare-earth and battery-metal exports for one year. Sources told Reuters the French carmaker seeks a long-term technology partnership to replace permanent-magnet motors with copper-based designs already in pilot…

Renault is in talks with a Chinese supplier to develop electric-vehicle motors that do not rely on rare earth elements, Reuters reported on Monday, in a move that comes as China lifts a nearly year-long ban on exports of gallium, germanium, and antimony to the United States and a day after Beijing said it would suspend new restrictions on rare-earth and battery-metal exports for one year. Sources told Reuters the French carmaker seeks a long-term technology partnership to replace permanent-magnet motors with copper-based designs already in pilot…

Renault is in talks with a Chinese supplier to develop electric-vehicle motors that do not rely on rare earth elements, Reuters reported on Monday, in a move that comes as China lifts a nearly year-long ban on exports of gallium, germanium, and antimony to the United States and a day after Beijing said it would suspend new restrictions on rare-earth and battery-metal exports for one year. Sources told Reuters the French carmaker seeks a long-term technology partnership to replace permanent-magnet motors with copper-based designs already in pilot…

The Trump administration has released full financial terms for its first “Big Beautiful Gulf” offshore oil and gas auction, setting a 12.5% royalty rate and offering nearly 80 million acres across the Gulf of Mexico, according to a new release from the U.S. Department of the Interior on Monday. The details mark the first concrete pricing framework under the One Big Beautiful Bill Act, following the August announcement of a decades-long offshore leasing calendar that included at least 30 Gulf sales and six in Alaska’s Cook Inlet. …

Norway’s $2.1-trillion oil fund is looking to invest in renewable energy assets in the U.S. and expand its clean energy portfolio in Europe, a senior executive at the world’s largest sovereign wealth fund told Bloomberg in an interview published on Monday. The fund has recently hired three people in New York, Harald von Heyden, global head of energy and infrastructure at the Norwegian fund, told Bloomberg.   The Government Pension Fund Global (GPFG), which is commonly referred to as ‘Norway’s oil fund’ because…

There's an old adage in Washington: Don't believe anything until it is officially denied. Now that the Trump administration's so-called artificial intelligence (AI) czar, David Sacks, has gone on record stating that "[t]here will be no federal bailout for AI," we can begin speculating about what form that bailout might take. It turns out that the chief financial officer of AI behemoth OpenAI has already put forth an idea regarding the form of such a bailout. Sarah Friar told The Wall Street Journal in a recorded interview that…

U.S. LNG exporter Venture Global (NYSE: VG) booked a net income for the third quarter, compared to a loss a year earlier, as revenues and LNG exports soared amid rising liquefaction capacity at its plants.  Venture Global, the second-largest U.S. LNG exporter behind Cheniere, on Monday reported a net income attributable to common stockholders of $429 million for the third quarter, versus a loss of $347 million for the same period of 2024.   Revenues soared by 260% and income from operations surged by 598% as Venture Global’s…

U.S. LNG exporter Venture Global (NYSE: VG) booked a net income for the third quarter, compared to a loss a year earlier, as revenues and LNG exports soared amid rising liquefaction capacity at its plants.  Venture Global, the second-largest U.S. LNG exporter behind Cheniere, on Monday reported a net income attributable to common stockholders of $429 million for the third quarter, versus a loss of $347 million for the same period of 2024.   Revenues soared by 260% and income from operations surged by 598% as Venture Global’s…

U.S. LNG exporter Venture Global (NYSE: VG) booked a net income for the third quarter, compared to a loss a year earlier, as revenues and LNG exports soared amid rising liquefaction capacity at its plants.  Venture Global, the second-largest U.S. LNG exporter behind Cheniere, on Monday reported a net income attributable to common stockholders of $429 million for the third quarter, versus a loss of $347 million for the same period of 2024.   Revenues soared by 260% and income from operations surged by 598% as Venture Global’s…

U.S. LNG exporter Venture Global (NYSE: VG) booked a net income for the third quarter, compared to a loss a year earlier, as revenues and LNG exports soared amid rising liquefaction capacity at its plants.  Venture Global, the second-largest U.S. LNG exporter behind Cheniere, on Monday reported a net income attributable to common stockholders of $429 million for the third quarter, versus a loss of $347 million for the same period of 2024.   Revenues soared by 260% and income from operations surged by 598% as Venture Global’s…

Current conditions in the stock market have encouraged a significant increase in the number of individuals who actively trade in stock accounts. The major stock indices are at or near all-time highs following a long period of sustained rises, but, more importantly, financial news sites are full of stories of “mini meme stocks” that have shown returns in the hundreds of percentage points over short time periods. That leaves many people believing that they are missing out on an easy opportunity to make a lot of money. The evidence, however,…

Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter told Reuters on Monday.  Following the October 22 U.S. sanctions on Lukoil and Rosneft, Iraq has stopped all cash and crude payments to Lukoil, according to Reuters’ sources.  Last week, reports emerged that Iraq’s state oil marketing company SOMO had canceled three crude loadings from Lukoil this month after the U.S. sanctioned…

Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter told Reuters on Monday.  Following the October 22 U.S. sanctions on Lukoil and Rosneft, Iraq has stopped all cash and crude payments to Lukoil, according to Reuters’ sources.  Last week, reports emerged that Iraq’s state oil marketing company SOMO had canceled three crude loadings from Lukoil this month after the U.S. sanctioned…

Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter told Reuters on Monday.  Following the October 22 U.S. sanctions on Lukoil and Rosneft, Iraq has stopped all cash and crude payments to Lukoil, according to Reuters’ sources.  Last week, reports emerged that Iraq’s state oil marketing company SOMO had canceled three crude loadings from Lukoil this month after the U.S. sanctioned…

Kyiv and many Ukrainian regions faced extensive power cuts and outages as crews struggled to repair infrastructure battered by Russian air attacks. Power was reduced in most regions for eight to 16 hours on November 9, state energy provider Ukrenergo said, adding that consumption restrictions were scheduled for November 10 as well. "The reason for the introduction of restrictions is the consequences of massive Russian missile and drone attacks on energy facilities," the company said. "It is difficult to recall such a [large] number of direct strikes…

In early Asian trade on Monday, crude oil prices were climbing after the United States Senate passed a funding agreement that could end the federal government shutdown. At the time of writing, WTI had climbed to $60.20 while Brent was trading at $64.05, both up by roughly 0.7%. Senate negotiators had struck a deal ahead of a Sunday evening session to begin advancing a House-passed continuing resolution. After nearly two hours, the funding measure passed with the support of eight Democrats. The package combines the continuing resolution with a “minibus”…

Europe’s rush to shake off Russian gas dependence and Asia’s push to buy higher volumes of American energy while negotiating trade deals have created a booming export deal market for U.S. LNG exporters and developers, even at increased liquefaction fees.    Year to date, American LNG developers have signed sales and purchase agreements (SPAs) for existing and future export plants for a total of 29.5 million metric tons per year, according to data from consulting firm Rapidan Energy Group cited by Reuters. The volume of…