China Stockpiled Oil, and Now It Could Dominate the Energy Landscape

New York Times - Sep 17, 2026

The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.

Read full article

More News

The Fed Raised Rates. What Comes Next?

Sep 17, 2026

The Fed Raised Rates. What Comes Next?

Kevin M. Warsh, the chairman of the Federal Reserve, on Wednesday left open-ended how much more interest rates may have to rise to tame inflation.

Uncontrolled AI could lead to 'silicon species' rivalling humans, warns Microsoft

Sep 17, 2026

Uncontrolled AI could lead to 'silicon species' rivalling humans, warns Microsoft

Mustafa Suleyman says he believes rival AI firm Anthropic is in effect teaching Claude it "may be conscious".

Low-cost food pantry awarded £272k lottery grant

Sep 17, 2026

Low-cost food pantry awarded £272k lottery grant

Oasis Hub Bath said the funding will cover its main operating costs over the next three years.

OpenAI reveals six more safety issues and unveils plan to disclose incidents

Sep 17, 2026

OpenAI reveals six more safety issues and unveils plan to disclose incidents

The firm also announced a new system to track, investigate and disclose cases of models misbehaving, or "misalignment".

The Documentary

Sep 17, 2026

The Documentary

Katy Watson explores Australia's relationship with China - partner, rival or 'frenemy'?

US interest rates raised for first time in three years

Sep 17, 2026

US interest rates raised for first time in three years

Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.

Why Trump's hand-picked Fed chair defied him by raising interest rates

Sep 17, 2026

Why Trump's hand-picked Fed chair defied him by raising interest rates

The 0.25% increase comes despite fierce opposition from the US president, who has called for rates to be cut.

EU chief backs plan for Canada to become 'associate member'

Sep 17, 2026

EU chief backs plan for Canada to become 'associate member'

Trump, who has frequently clashed with Canada's PM, threatens to cut trade with the European Union in response to the proposal.

Snapchat open to putting time limits on teens, boss tells BBC

Sep 16, 2026

Snapchat open to putting time limits on teens, boss tells BBC

Evan Spiegel says it would be "an important step forward for the industry" in an interview with the BBC.

Would you buy branded clothing from your favourite tech firm?

Sep 16, 2026

Would you buy branded clothing from your favourite tech firm?

Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.

US Fed hikes rates for first time since 2023 as inflation stays sticky

Sep 16, 2026

US Fed hikes rates for first time since 2023 as inflation stays sticky

US Fed hikes rates for first time since 2023 as inflation stays sticky

Watch: How will higher interest rates impact US consumers?

Sep 16, 2026

Watch: How will higher interest rates impact US consumers?

The BBC's Samira Hussain looks at the factors considered in the increase by the Federal Reserve and what it could mean for the US economy.

Inside Singapore's 'Fort Knox' for city's $2bn dirty money auction

Sep 16, 2026

Inside Singapore's 'Fort Knox' for city's $2bn dirty money auction

The BBC goes inside a fortified storage facility to view luxury goods seized by police that are now up for auction.

Trump Ally Harold Hamm Strikes Venezuela Oil Deal

Sep 16, 2026

Trump Ally Harold Hamm Strikes Venezuela Oil Deal

Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.

Takeaways From the Fed’s Decision to Raise Interest Rates

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

The Quiet Way A.I. Is Hitting the Work Force

Sep 16, 2026

The Quiet Way A.I. Is Hitting the Work Force

Lower wage growth and slower hiring in some sectors may be the result of artificial intelligence, especially for younger workers.

The World Economy Is Becoming Wary of the U.S.

Sep 16, 2026

The World Economy Is Becoming Wary of the U.S.

America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Outkick Moves Past Its Clay Travis Era

Sep 16, 2026

Outkick Moves Past Its Clay Travis Era

Fox is revamping the sports site following the exit of its founder, Clay Travis. It’s hiring a writer who resigned from The Seattle Times over a column about transgender athletes.

Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.

Sep 16, 2026

Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.

The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.

Bessent and Warsh Take On the Bond Bears

Sep 16, 2026

Bessent and Warsh Take On the Bond Bears

The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.

Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks

Sep 16, 2026

Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks

Prolonged restrictions on exports could push oil prices even higher.

Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands as the Budget approaches

Sep 16, 2026

Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands as the Budget approaches

The Budget is only six weeks away and the economy is undoubtedly the biggest challenge facing the prime minister.

Petrol and diesel price rises push UK inflation higher

Sep 16, 2026

Petrol and diesel price rises push UK inflation higher

Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.

Burnham rejects 'tax and spend socialist' comments

Sep 16, 2026

Burnham rejects 'tax and spend socialist' comments

The prime minister insists he is prepared to take "difficult decisions" at next month's Budget.

Fed Meeting Is a Big Moment for the Bond Market

Sep 16, 2026

Fed Meeting Is a Big Moment for the Bond Market

If the Fed opts against raising interest rates on Wednesday, investors will probably increase their forecasts for inflation, injecting new turmoil into the government bond market.

What's driving UK 'shoplifting crisis'?

Sep 16, 2026

What's driving UK 'shoplifting crisis'?

The number of shoplifting offences recorded in England and Wales in 2025-26 is still above pre-pandemic levels.

Hong Kong's first five-year plan: Key economic and trade priorities

Sep 16, 2026

Hong Kong's first five-year plan: Key economic and trade priorities

The Hong Kong Special Administrative Region has unveiled its first five-year plan for economic and social development (2026-2030) on Wednesday.

Graphics: What stood out in China's economy in August?

Sep 16, 2026

Graphics: What stood out in China's economy in August?

Graphics: What stood out in China's economy in August?

Witness the Pinglu Canal open to navigation!

Sep 16, 2026

Witness the Pinglu Canal open to navigation!

The Pinglu Canal opens a faster gateway to the sea for China's Guangxi Zhuang Autonomous Region and southwest China's cargo.

Chinese films seek a bigger stage in North America

Sep 16, 2026

Chinese films seek a bigger stage in North America

Chinese films are gaining momentum in overseas markets, with North America emerging as an important testing ground for their global appeal.

Hong Kong's first five-year plan signals a new path for future growth

Sep 16, 2026

Hong Kong's first five-year plan signals a new path for future growth

The release of Hong Kong's first five-year plan marks an important milestone in the city's development. By building on its existing strengths and creating new opportunities through planning and innovation, the city can strengthen its competitiveness in a changing global environment.

Nanning and Guilin take center stage at the 23rd China-ASEAN Expo

Sep 16, 2026

Nanning and Guilin take center stage at the 23rd China-ASEAN Expo

The 23rd China-ASEAN Expo is set to open in Nanning, south China's Guangxi Zhuang Autonomous Region.

OpenAI boss says world 'right to be afraid' but should trust AI firms

Sep 16, 2026

OpenAI boss says world 'right to be afraid' but should trust AI firms

Sam Altman and other tech CEOs say there are incentives to limit advancements in AI, as fears grow over the threats it poses to humanity.

Chinese mainland welcomes Taiwan to Pinglu Canal opportunities

Sep 16, 2026

Chinese mainland welcomes Taiwan to Pinglu Canal opportunities

Chinese mainland welcomes Taiwan to Pinglu Canal opportunities

What is happening to UK prices?

Sep 16, 2026

What is happening to UK prices?

UK inflation rose in August, pushed up by higher petrol and diesel prices.

A ‘Shark’ of a Business Editor Steps Down

Sep 16, 2026

A ‘Shark’ of a Business Editor Steps Down

Ellen Pollock, who has spent nearly a decade in charge of the Business desk of The Times, is ready for a new challenge.

Security Guards Offer Protection, But Get Paid Little in Return

Sep 16, 2026

Security Guards Offer Protection, But Get Paid Little in Return

A recent high-profile shooting outside a mosque and rising threats to houses of worship have focused attention on security guards. Now, unions are pressing for better pay and training.

How to Use AI to Plan a Trip: Better Prompts for Travel Recommendations

Sep 16, 2026

How to Use AI to Plan a Trip: Better Prompts for Travel Recommendations

Generic questions get generic answers, experts say, so to avoid mediocre recommendations, you’ll need to write smarter prompts. Follow these tips.

Reflecting on 175 Years of The New York Times

Sep 16, 2026

Reflecting on 175 Years of The New York Times

For dozens of editors and reporters, the anniversary of the first issue of The Times in 1851 has been a moment to look back.

Recommended

The Financial Metrics

The Financial Metrics delivers breaking news and delves into the insights of business with progressive financial advice for today’s advanced business environment.

ABOUT US
NEWSLETTER

Copyright © 2015 - 2026 The Financial Metrics. All Rights Reserved.