Gold and silver prices are higher in early US trading session on Tuesday, following another US inflation report that came cooler than expected. Gold prices hit a three-month highs and silver prices a five-month high today. December gold was last up $12.90 at $1,769 and December silver was up $0.102 …
Read More »
US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate, as he struggled to rein in gasoline prices a week before the midterm congressional elections. In remarks at the …
Read More »
US President Biden warned, on Monday, that oil companies would face a “higher tax” on their excess profits if they don’t reinvest in increasing output so as to bring prices at the pump down. “They have a responsibility to act in the interest of their consumers, their community and their …
Read More »
The Federal Reserve chairman Jerome Powell, this week, received separate letters from two Democratic lawmakers; Senator Sherrod Brown of Ohio and Senator John Hickenlooper of Colorado who called on the US central bank to slow its aggressive pace of interest rate hikes.Biden’s administration and several congressional Democrats have generally supported …
Read More »
The negative market mood erased Tuesday’s relative optimism. This sentiment has benefited the American Dollar on Wednesday, which extended its latest rally against major rival currencies.The trading day witnessed the release of fresh inflation reports that reminded traders of the high risk of a looming global recession.The EUR/USD pair finished …
Read More »
President Joe Biden announced a plan on Wednesday to sell off 15 million barrels of American crude oil from the emergency supply and begin refilling the reserve as he tries to contain high fuel prices ahead of midterm elections scheduled on November 8.Biden’s decision came two weeks after the OPEC+ …
Read More »
The International Energy Agency said on Thursday that the decision of the OPEC + group of oil producers last week to curb production led to higher prices and could push the global economy into recession. It stated in its monthly oil report that with persistent inflationary pressures and higher interest …
Read More »
US President Joe Biden is disappointed by the OPEC+ group’s ‘shortsighted decision’, the White House said on Wednesday, as reported by Reuters. Following its 33rd Ministerial Meeting, OPEC+ announced that they will adjust downward the overall production by 2 million barrels per day starting November from the August-2022 required production …
Read More »
The White House has denied any ban or curbs on natural gas exports this winter to help alleviate energy woes in European allies. Earlier in 2022, US President Joe Biden committed to deliver 15 billion cubic metres (bcm) of liquefied natural gas to Europe following Russia’s invasion of Ukraine and …
Read More »
“America’s watching. The industry should do the right thing”, US President Joe Biden said, on Wednesday, stressing that the federal government will investigate price gouging if fuel prices rise during the hurricane.Biden said only 190,000 barrels of oil have been impacted so far by Hurricane Ian. Biden also warned oil …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
