As Russia prepares to allow traders from “friendly” countries which have not sanctioned the nation to trade on the Moscow Exchange, the Russian central bank announced steps Monday which will prevent investors from “unfriendly” countries […]
Stocks extended their losses Tuesday as investor braced for a key inflation report Wednesday, and assessed more earnings reports. The S&P 500 was down 0.4%, as the Dow Jones Industrial Average dropped roughly 0.2%. The […]
Regulatory filings revealed Tuesday that Elon Musk offloaded $6.9 billion worth of Tesla stock, the first sale he has made of the automaker’s stock since he pulled out of his attempt to buy Twitter. The […]
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as the Department of Energy released […]
WTI crude has lost ~9.5% over the previous week, landing at $89.26/bbl, losing essentially all the gains it had made since Russia invaded Ukraine. It was the largest one-week percentage decline since April, amid growing […]
(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but […]
(Bloomberg) — The climate-and-tax bill passed by the Senate would force oil companies to pay more for drilling on federal land and block them from stockpiling leases at rock-bottom prices, changes that conservationists and good-government […]
Europe is moving back to coal as a last-resort solution to counter its energy crisis. Global coal consumption could reach levels we haven’t seen in a decade. Countries such Austria, Poland, the Netherlands and Greece […]
NEW DELHI, Aug 10 (Reuters) – Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk […]
SHEBOYGAN, Wisc., Aug 10 (Reuters) – Travel brochures in Sheboygan, Wisconsin, tout the town’s beaches on Lake Michigan as the Malibu of the Midwest. But pages of glossy photos leave out a feature of the […]
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