On Friday, the United States issues a new package of export restrictions designed to further curb China’s access to US semiconductor technology. The Department of Commerce published the new rules on its website, including a […]
German retail sales declined 1.3% month on month in August, coming in worse than expert’s predictions of a 1.1% decline, according to new data from the Federal Statistical Office (Destatis) released Friday. It follows on July’s downwardly […]
Natural gas prices were volatile as traders compared strong LNG imports across Europe against potential supply disruptions caused by Russia’s escalation of the conflict with Ukraine. Dutch front-month futures rose by up to 3.4%, after […]
Constellation Brands CEO Bill Newlands was extolling how recession-proof premium-priced Corona and Modelo beers have proven. In an interview Newlands said, “Consumer demand has been very strong. We have the benefit in this industry in […]
On Friday Russian President Vladimir Putin signed a decree which will transfer Russia’s Far-Eastern Sakhalin-1 oil and gas project, which is currently being led by Exxon Mobil, to a legal entity. Under the decree, the […]
One expert is predicting the Federal Reserve will be willing to push the economy into a recession if that is what it takes to stifle inflation. BMO senior economist Jennifer Lee said in an interview […]
Strikes at TotalEnergies and ExxonMobil’s Esso France refineries have shut down refinery operations and left nearly 30% of gas stations in France lacking fuel. French media are reporting huge lines at gas stations, due to […]
According to a new Bloomberg report, Saudi state energy giant Aramco has raised the price of crude oil sold to the US in November by 20 cents, even as it kept the selling price to […]
The EU has expanded its ban on extending cryptocurrency services to Russian citizens, in an eighth round of sanctions which were ratified on Thursday. The extended measures will be added to an existing round of […]
On Wednesday the Wall Street Journal reported that Washington has proposed a partial easing of sanctions on Venezuela, if the South American country would allow US multinational oil giants like Chevron to resume pumping oil […]
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