Energy markets have remarkably 'shrugged off risk': Analyst

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OPEC+ production cuts and Middle Eastern tensions are pushing crude oil prices (CL=F, BZ=F) higher. KPMG Global Head of Clients & Markets Regina Mayor joins ...

) higher. KPMG Global Head of Clients & Markets Regina Mayor joins Yahoo Finance to discuss the geopolitical pressures putting a squeeze on energy markets, especially ahead of the summer driving season and what oil prices could in turn mean for gas prices.

"If the geopolitical tensions do not scale back somewhat, especially in the Middle East, then you could potentially see a driver that increases prices, but frankly, I'm more on the bearish side and I'm not going to predict aThe tech giant is looking at a variety of options, including incorporating AI-powered search features to its premium subscription services, which already provide access to its new Gemini AI assistant in Gmail and Docs, the report said.

WEST LAFAYETTE, Ind. — A major South Korean computer chipmaker said Wednesday it plans to spend more than $3.87 billion in Indiana to build a semiconductor packaging plant and research and development center. SK Hynix expects the campus to create as many as 800 high-wage jobs in engineering, technical support, administration and maintenance by the end of 2030.

India's manufacturing industry enjoyed solid growth in March, expanding at the fastest pace in 16 years thanks to accelerating demand, according to a survey that also showed hiring increased at the strongest rate in six months. Ahead of a general election this month, the data is likely to boost support for Prime Minister Narendra Modi's government, which has focused on manufacturing to improve the economy, already the fastest-growing among its major peers.

Western European governments have sought to reduce their energy dependence on Russia since the outbreak of the Ukraine war, but when it comes to gas, they have increasingly substituted the country's pipeline supplies with its liquefied natural gas . A Reuters analysis of data found more than a tenth of the Russian gas formerly shipped by pipeline to the European Union has been replaced by LNG delivered into EU ports.

 

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