Beirut Wire

Sign in Subscribe

Markets

The World Is Releasing 100 Million Barrels From Emergency Reserves to Bring Oil Prices Down

The World Is Releasing 100 Million Barrels From Emergency Reserves to Bring Oil Prices Down

G7 countries have agreed to release 100 million barrels of crude oil, diesel and other petroleum products from emergency reserves over the next four months, with a large diesel release expected immediately.

Tesla May Finally Be Ending Two Years of Declining Sales

Tesla May Finally Be Ending Two Years of Declining Sales

Tesla delivered 486,532 vehicles in the third quarter, beating expectations and putting the company on course to end two consecutive years of falling annual deliveries.

The U.S. Is Releasing Another 40 Million Barrels of Emergency Oil

The U.S. Is Releasing Another 40 Million Barrels of Emergency Oil

The United States is releasing another 40 million barrels of crude from its Strategic Petroleum Reserve as the Iran war continues to reshape global energy markets.

Middle East Oil Exports Are Recovering Much Faster Than Expected, but the System Remains Fragile

Middle East Oil Exports Are Recovering Much Faster Than Expected, but the System Remains Fragile

Middle Eastern crude exports are rebounding sharply, reaching around 16.3 million barrels per day in September, the highest since the Iran conflict began and nearly 80% of pre-war levels.

The Federal Reserve Raises Interest Rates for the First Time Since 2023

The Federal Reserve Raises Interest Rates for the First Time Since 2023

The Federal Reserve has raised interest rates for the first time since 2023, increasing its benchmark rate by 25 basis points to a range of 3.75% to 4.00%.

The Federal Reserve Could Raise Interest Rates Tomorrow After Inflation Surprises Markets

The Federal Reserve Could Raise Interest Rates Tomorrow After Inflation Surprises Markets

The Federal Reserve is now widely expected to raise interest rates tomorrow after hotter-than-expected inflation and surging oil prices forced markets to rapidly change their forecasts.

Saudi Pipeline Shutdown Threatens Roughly 4% of Global Oil Supply

Saudi Pipeline Shutdown Threatens Roughly 4% of Global Oil Supply

Saudi Arabia’s East-West pipeline shutdown is now threatening roughly 4% of global oil supply. The line carries around 4 million barrels per day to the Red Sea and has become critical as tanker traffic through Hormuz remains heavily disrupted.