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The U.S. Securities and Exchange Commission (SEC) is suing crypto exchange Coinbase for operating as an unlicensed broker since 2019, a day after filing a similar suit against Binance.
June prices for Russian flagship Urals crude via the Druzhba pipeline through Ukraine are set to jump by 16% over May’s prices due to European refiners’ concerns of transit disruptions following the collapse of a major Ukrainian dam
Chinese steel prices have unexpectedly fallen to a three-year low, impacting the global steel market, particularly in countries like India.
Saudi Arabia has raised the official selling price (OSP) for Arab light for Asia by $0.45/bbl m/m to $3.00/bbl for July, following the June 4 announcement that OPEC+ would extend production cuts until 2024
Lower crude oil prices, Western sanctions and European push for energy independence combined to shave 36% off Russia’s oil and gas tax collection for last month, compared to a year ago