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Weiduo Energy Group CEO said the oil market may face a fairly difficult spring.

2026-11-02

Weiduo Energy Group CEO said the oil market may face a fairly difficult spring.

Other News
2026-11-02

Iran's foreign ministry spokesman Baghaei said the Strait of Hormuz cannot be reopened until the U.S. lifts sanctions.

Iran's foreign ministry spokesman Baghaei said the Strait of Hormuz cannot be reopened until the U.S. lifts sanctions.
2026-11-02

Spot gold posted its worst October since 2008, down about 6.7% this month versus a roughly 17% fall in October 2008. Gold plunged 3.6% on Friday to a one‑year low. The selloff was driven by two main factors: oil-driven inflation fears that have reinf

Spot gold posted its worst October since 2008, down about 6.7% this month versus a roughly 17% fall in October 2008. Gold plunged 3.6% on Friday to a one‑year low. The selloff was driven by two main factors: oil-driven inflation fears that have reinforced rate‑hike pricing (fundamental pressure), and a tech-led equity rout that forced investors to sell gold (a liquidity shock). On Monday, oil tumbled on US‑Iran talks, easing the inflation/rates pressure and likely contributing to a gold rebound.
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