Volkswagen Q3 Loss Largest Since Dieselgate
Volkswagen reported a €5.86 billion operating loss for the third quarter, its worst performance since 2015, driven by Porsche write-downs and declining Chinese sales.
Bolsonaro’s Election Defeat Could Complicate U.S. Rare Earth Plans
Bolsonaro’s departure to Miami after losing Brazil’s presidential election complicates U.S. efforts to secure rare earth mineral resources, as divisions emerge within the American government over diplomatic strategy toward Lula’s administration.
Trump Considers Lifting Sanctions on Putin’s ‘Slush Fund’
The Trump administration is considering lifting sanctions on Russia’s Direct Investment Fund as part of negotiations to end the Ukraine conflict, according to Kremlin officials.
Oil Traders Brace for a Wild Week as Brent Approaches $120
Oil prices are climbing toward $120 per barrel amid escalating U.S.-Iran tensions, rising Hormuz attacks, and reported explosions at Iranian facilities, setting the stage for volatile trading sessions ahead.
U.S. Oil, Gas Drillers Still on Hold
U.S. oil and gas drilling rig counts remained flat at 603 this week, though crude production rose and oil prices climbed ahead of the latest data release.
Gasoline Up 34% and Heating Oil Up 74% as Voters Head to the Midterms
U.S. gasoline prices have reached record highs during Biden’s term, with fuel oil surging 74%, driven by Middle East tensions and trade disruptions affecting midterm election outcomes.