South Korea's unemployment rate unexpectedly dropped to 2.4% in July, with employment numbers rising by 171,000. The employment-to-population ratio also improved, signaling a robus...
US crude oil production is set to reach a record high of 13.41 million barrels per day in 2025 before experiencing a slight decline in 2026, as per the Energy Information Administr...
The US government's budget deficit reached $291 billion in July, with receipts totaling $338 billion and outlays hitting $630 billion, leading to a cumulative deficit of $1.629 tri...
The American Petroleum Institute reports a 1.51 million barrel increase in U.S. crude oil inventories for the week ending August 8, alongside mixed changes in distillate and gasoli...
US Treasury Secretary Scott Bessent urges the Federal Reserve to cut interest rates by 50 basis points in September, citing missed opportunities in June and the need for new leader...
OPEC maintains its 2025 global oil demand growth forecast at 1.3 million bpd, with significant growth expected in non-OECD countries like China and India. The 2026 forecast has bee...
OPEC's August report revises global GDP growth forecasts upward, with 2025 expected at 3%. The US, Eurozone, and China show varied growth projections, amid ongoing trade uncertaint...
The US inflation rate stayed at 2.7% in July, unchanged from June and slightly below expectations. The CPI increased by 0.2% month-on-month, with the food index stable and energy p...
