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Russia said a St. Petersburg oil terminal was hit in a drone attack.

2026-07-04

Russia said a St. Petersburg oil terminal was hit in a drone attack.

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2026-07-04

Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inven

Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inventories were at extremely low levels amid the Iran crisis. Analysts from Morgan Stanley to Goldman Sachs this week warned of a risk of supply overhang next year; Energy Aspects head of oil research Kit Haines said market sentiment is overwhelmingly bearish. Persian Gulf suppliers had begun ramping shipments before the June MOU reopening the Strait of Hormuz, and in the weeks after the deal more than 60 mln barrels of oil that had been trapped by the war flowed into the market.
2026-07-04

Argentina's government late on the 2nd issued a decree abolishing the Interior Ministry and transferring its functions to the Chief of Cabinet's office. The The office will assume coordination with provinces and cross-jurisdictional responsibilities

Argentina's government late on the 2nd issued a decree abolishing the Interior Ministry and transferring its functions to the Chief of Cabinet's office. The The office will assume coordination with provinces and cross-jurisdictional responsibilities previously handled by the Interior Ministry, and will manage federal-level tourism, environment, sports and science and technology. The The decree also establishes two deputy cabinet minister posts to assist the chief of cabinet.
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