Diesel futures surged to a seven-month high in New York after Marathon Petroleum Corp. said it was shutting the third largest US oil refinery following a blaze at a storage tank. The fire at the Garyville refinery in south […]
You know there are things in life that are to be expected. Hard-working people enjoy working, and oil executives are happiest when they are in the field. We had an opportunity to visit with Rey […]
Authored by Ven Ram, Bloomberg cross-asset strategist, Interest-rate traders reckon that the Federal Reserve won’t have to raise rates again in this cycle. They may be wrong. Here are some reasons why. The short-term real […]
Sorry economic miracle that is “Bidenomics” but the people just don’t buy it. According to the latest NFIB survey released on Monday, more than half of US small business owners believe the economy is already […]
The New York Fed’s March inflation forecasts added further upward pressure on Treasury bond yields and the dollar Monday as investors look to one final rate hike from the central bank next month in Washington following Friday’s […]
S&P Global Ratings has announced that it is “no longer publishing” new environmental, social and governance (ESG) credit indicators in its reports. The decision comes after critics such as the Heritage Foundation, a conservative think tank, launched a […]
Oil prices fell again today – to two-week lows – as dismal data out of China raised doubt on demand forecasts. “Oil markets are suffering from economic growth concerns,” said Giovanni Staunovo, an analyst at […]
Authored by James Rickards via DailyReckoning.com, Analyzing today’s economic conditions is a challenge. If the world is in good economic health, you can describe the policy reasons behind that condition and identify specific stocks […]
The U.S. Department of Energy is investing $1.2 billion in giant vacuums that suck carbon out of the air–an effort to slow global warming. The initial funding will create two carbon removal hubs in Louisiana […]
India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern […]
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