Saudi Aramco reports lower Q2 revenues, forecasts higher oil demand in second half of 2025
Despite a dip in crude prices, Aramco anticipates stronger demand in the second half, supported by higher output and refining performance
US could require up to $15,000 bonds for some tourist, business visas under pilot program
Pilot program targets countries with high visa overstay rates, bond amounts range from $5,000 to $15,000
Dollar weakens as rate cut odds rise, tariff uncertainties linger
Traders now pricing in 94% chance of a rate cut in September; Investors wary of tariff impact
Oil little changed after hitting one-week low, oversupply concerns linger
Brent crude futures remain unchanged at $68.76 while WTI crude hovers at $66.27 a barrel, down 2 cents, or 0.03%
Shares in Asia rally, dollar lower against yen on Fed rate cut bets
US earnings boost market sentiment, tech stocks surge; Euro Stoxx 50 futures rise 0.2%, DAX futures up 0.3%
Trump to raise tariffs on Indian goods over Russian oil purchases
US President Donald Trump announces substantial tariff hikes on India in response to Russian oil imports
U.S. tariffs on South Africa could cost 100,000 jobs, as trade tensions rise
South Africa faces a 30% tariff from the U.S. on key exports, with the agriculture and automotive sectors hit hardest, while negotiations with the U.S. continue
Ant Group to exit Paytm with $433.72 million stake sale
Ant Group will sell its remaining 5.84% stake in Paytm, with block deals expected to raise 38 billion rupees
Top Trump aide accuses India of financing Russia’s war in Ukraine
India faces 25% tariff as a result of its purchase of military equipment and energy from Russia; Deputy Chief of Staff at the White House Stephen Miller says Delhi is basically tied with Beijing in purchasing oil from Moscow
Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer
Boeing says it was ready for the work stoppage and will implement a contingency plan that uses non-labor workers
China’s independent oil firms ramp up investments in Iraq amid global major withdrawal
Small Chinese firms aim to double Iraq output to 500,000 bpd by 2030 as Baghdad taps Chinese independents to accelerate production
China’s solar giants quietly shed a third of their workforces last year
Over 40 solar firms have delisted, gone bankrupt or been sold since 2024; Beijing signals intervention to cut capacity, stabilize prices
China welcomes 183 Brazil coffee sellers in wake of US tariffs
New Chinese export permits are valid for five years ahead of a 50% US tariff on some Brazilian products to begin on August 6Â
India to maintain Russian oil imports despite Trump threats, government sources say
Indian officials deny policy change on Russian oil imports; Foreign ministry emphasises independent energy decisions
Oil prices continue decline after OPEC+ announces September production hike amid US economic concerns
Brent crude drops 0.57% to $69.27, while U.S. West Texas Intermediate falls 0.55% to $66.96 after both contracts closed $2 lower last weekÂ