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As the US midterm elections approach, Corporate America is bracing for a potential shift in the balance of power in Washington. In case of a strong Democratic showing, analysts and strategists say clean energy, housing and healthcare stocks could benefit, while AI, data center and defense names may draw greater scrutiny from lawmakers. The odds of a Democratic sweep stood at 72%, according to Polymarket, the world's largest prediction market, while that of the Republican Party holding on [Read more]

Energy inflation is squeezing battleground US voters where it hurts most: their utility meters and fuel tanks. Households in the states most likely to decide control of Congress in the November 3 midterm elections are paying $50 to $60 more a month for power and gasoline than a year ago, highlighting a budget strain that candidates can't easily explain away. Across Michigan, Georgia, Pennsylvania, Nevada, Arizona, North Carolina, Wisconsin and Ohio, combined household spending on power and [Read more]

Goldman Sachs raised its oil price forecasts on Sunday due to elevated supply risks and said Brent could rise to $140 a barrel in 2027 if Gulf oil output stays 3.5 million bpd below its 2025 average. * The bank raised its December Brent crude oil price forecast to $105 a barrel from $90, and raised its US West Texas Intermediate forecast to $94 a barrel from $81. * Goldman Sachs also raised its average 2027 forecasts to $88 a barrel for Brent from $80 previously, and to $78 a barrel for [Read more]

Asia's imports of crude oil recovered in October to match levels prior to the Iran conflict, but in a sign that the real stress in energy markets is in refined products, imports of fuels such as diesel and gasoline remained soft. The top energy-importing region saw crude arrivals of 26.39 million barrels per day (bpd) in October, up from 24.24 million bpd in September, according to data compiled by commodity analysts Kpler. The October figure was also just shy of the average of 27.0 [Read more]

Oil prices slipped more than 1% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. Brent crude futures fell $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT while US West Texas Intermediate crude was at $102.56 a barrel, down $1.56, or 1.50%. Brent ended October at its highest level in six months amid concerns that the US-Iran conflict could escalate again after Tuesday's US midterm [Read more]

The United States ordered non-emergency government employees and their family members to leave Saudi Arabia effective October 23 due to safety risks, the US embassy in Riyadh said on Friday, citing Houthi attacks on civilian airports and other critical infrastructure. US government employees require special authorisation to use Saudi airports following recent missile and drone attacks, the embassy said, warning US citizens of potential further attacks, airspace closures, flight cancellations [Read more]

US crude oil output rose in August, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Friday. US crude oil production rose 19,000 barrels per day in August to 13.965 million bpd, compared with the EIA's revised July figure of 13.946 million bpd. Meanwhile, total oil demand was down 2.9% or 618,000 bpd versus last year, at 20.595 million bpd. New Mexico crude production hit a monthly [Read more]