Tag Archives: energy

U. S. Press Secretary Jen Psaki assured that the White House is continuing to press OPEC member states to address the crude oil supply issue. “I would also note that what we’re also working to address is more of a logistics issue of how we are moving supply around the …

Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …

AUD/USD is second whereas the Canadian dollar holds first place on Wednesday in New York closing in the countdown just hours before Thursday’s Asian session’s key event that will reveal Australia’s jobs data for September.At the closing bell, AUD/USD was 0.45% higher on the day at 0.7380 after moving from …

Oil prices surged on Monday to significant highs, the move is boosting U.S. materials and energy stocks, but concerns that rising prices would worsen supply chain caused Wall Street to give up early gains.U.S. crude jumped 2.5% to $81.31 per barrel, a level not seen since late 2014, and Brent …

Retailers are racing to import the goods and gadgets for consumers to buy during holiday shopping season, the growing list of shortages has made it difficult for them to find enough stock. Due to inflation concerns, consumers expect higher prices, delays, and opportunistic resellers as Black Friday and Cyber Monday …

U.S. crude oil and gasoline inventories rose last week as production rebounded as more offshore oil facilities returned from last month’s storm-related shut-ins, the Energy Information Administration said on Wednesday.Crude inventories (USOILC=ECI) rose by 2.3 million barrels in the week to Oct. 1 to 420.9 million barrels, compared with analysts’ …

China has ordered its top energy companies to secure winter supplies at all costs. The orders come with growing energy crisis in the country. The Chinese directive was issued during an emergency meeting presided by head of China’s energy section and industrial production Vice Premier Han Zheng.Zheng called all the …

The Bank of England said the chance for higher interest rates appeared to have strengthened on Thursday after it pushed up its forecast for inflation at the end of the year to over 4%, more than twice its target rate.Policymakers at the Bank of England unanimously voted to leave its …