France Plans €10 Billion Push To Cut Reliance On Gas and Oil

Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff Two weeks ago, when discussing the market "mystery" of sliding physical crude oil prices, we said that the most likely culprit were Chinese refiners, whose refining margins had just collapsed to the most negative on record. The reason for the margin collapse was China’s domestic fuel policy: it has long been Beijing's policy to soften price hikes to help shield consumers and avoid social unrest; which while beneficial to end, consumers is catastrophic to refiners and processors...

Watch Live: White House Addresses Fragile Iran Truce All eyes are on the very shaky Iran ceasefire, at a moment Tehran is already threatening to pull out due to heavy Israeli attacks on Lebanon. Iran says it has again halted Hormuz oil transit, and there's much that's still up in the air and uncertain. The briefing with press secretary Karoline Leavitt is expected to begin at 1300ET: Washington and Tehran have just entered a two-week ceasefire, brokered by Pakistani mediation, aimed at negotiating a broader settlement following over a month of brutal...

Endgame Finally? Iran Peace Deal Signing Expected Within 24-Hours, Technical Talks To Follow, Pakistan's Sharif Says After Friday witnessed a rare moment of agreement between Tehran and Washington saying that indeed a peace deal Memorandum of Understanding (MoU) is indeed 'very close' - there's been more color issued by Pakistan. The country's Prime Minister Shehbaz ​Sharif said that the United States and ​Iran have ​agreed to the final text of the agreement, but that curiously Pakistan is now preparing for an electronic ​signing ​expected ⁠within the next 24 ​hours. Is this going to be...