Markets

Oil chiefs pull out of Riyadh energy congress after airport missile strike

BP and others skip World Petroleum Council meeting after 12 killed in Houthi attack

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DW NOTE

The World Petroleum Council is meeting in a capital where the airport just took a missile strike. Twelve dead, and the industry's most prominent executives have decided their attendance is optional. When the world's oil bosses won't show up to discuss energy supply during a crisis that has Brent at $104 and the Strait of Hormuz effectively closed, the message is clear: the risk premium they've built into crude futures doesn't cover their own physical safety.

Read the full story at Financial Times →

Sri Lanka's Economic Recovery Underscores the Geopolitics of Debt - IR Insider

India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee

The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com

Lula faces a fiscal reckoning after Brazil’s market rout

Concerns about management of economy trigger worst day for currency in more than 25 years

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Sri Lanka's Economic Recovery Underscores the Geopolitics of Debt - IR Insider

India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee

Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com

Lula faces a fiscal reckoning after Brazil’s market rout