BMW shares in Germany are down 36% so far this year, as the automaker’s latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a “wake-up call for the auto industry.” The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures in...Continue Reading

Ukraine’s Attack on Iranian Cargo Ship Links Two Wars | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Jul 29, 2026, 1:00 PM CDT Ukraine struck an...Continue Reading

Guyana’s Oil Boom Matters More Than Ever | OilPrice.com Matthew Smith As Oilprice’s South America correspondent, I cover Colombia (where I currently live), Venezuela, Ecuador, Peru, Brazil, Argentina, Chile, Bolivia, Paraguay, Guyana, Suriname and Uruguay. I… More Info Premium Content By Matthew Smith – Jul 29, 2026, 12:00 PM CDT Guyana is on track to...Continue Reading

Glencore Sees $3.3 Billion Trading Profit as Iran War Rattles Oil Markets | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jul 29, 2026, 11:30 AM CDT...Continue Reading

Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 per cent jump in profit over the first six months of the year, pointing to persistently elevated metals prices and the ambitious efficiency programme...Continue Reading

Indian Oil Eyes Stakes In Gas Carriers To Cut U.S. LPG Freight Costs | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 29, 2026, 10:30 AM CDT Indian Oil Corp. is seeking 50% ownership stakes in very large gas carriers, a first for an Indian...Continue Reading

Crude oil inventories in the United States saw a decrease of 7.2 million barrels during the week ending July 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 404.5 million barrels, according to government data, which are now 7% below the five-year average...Continue Reading

Taiwan Halts $800 Million in Spot LNG Buys From Papua New Guinea | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 29, 2026, 9:30 AM CDT Taiwan has suspended approximately 500,000 metric tons of liquefied natural gas purchases from Papua New Guinea every six months,...Continue Reading

U.S. Senate Advances Sweeping Russia Sanctions Bill in 86-12 Vote | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jul 29, 2026, 9:00 AM CDT The Senate...Continue Reading

Oil Jumps 7% As Trump Threatens Iran Hours Before Fed Decision | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 29, 2026, 8:34 AM CDT Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab...Continue Reading