Surging oil prices fuel fears of dreaded phenomenon
Just a few months ago, investors appeared relatively sanguine about the dreaded prospect of stagnant economic activity and rising inflation. Oil prices surging to the brink of $100 per barrel…
Stock Markets: Long-term prospects are uncertain
People walk outside of the New York Stock Exchange (NYSE) in the financial district in Manhattan on June 14, 2022 in New York City. Spencer Platt | Getty Images News…
September is ‘likely to remain messy’
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2023. Brendan McDermid | Reuters This report is from today’s CNBC Daily…
WTI, Brent prices surge to highest level in more than a year
The RN-Tuapsinsky refinery operated by Rosneft Oil Co. in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil prices surged to their highest level in over a year during…
World’s fastest growing economy Guyana could grow 100% in 5 years
The Demerara River in Guyana, South America. Arterra | Universal Images Group | Getty Images The world’s fastest-growing economy may be on track to grow by more than 100% by…
Largest untapped UK oil field approved for development amid environmental backlash
A view of Sullom Voe Terminal, an oil and gas terminal in the Shetland Islands on September 2021. Adrian Dennis | Afp | Getty Images LONDON — British regulators on…
Russia’s indefinite ban on fuel exports could worsen a global shortage
From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia. Picture Alliance | Picture Alliance | Getty Images Russia…
Saudi vitality minister says oil provide cuts usually are not about ‘jacking up costs’
Prince Abdulaziz bin Salman on the World Petroleum Congress in Calgary, Canada, on Sept. 18, 2023. Bloomberg | Bloomberg | Getty Pictures Saudi Arabia’s vitality minister stated Riyadh and Moscow’s…
Storm-hit Libya wants tens of hundreds of thousands in help, reduction teams say
Members of the rescue groups from the Egyptian military carry a useless physique as they stroll within the mud between the destroyed buildings, after a strong storm and heavy rainfall…
High China official urges extra secrecy within the nation’s vitality sector
SHENZHEN, CHINA – MARCH 09: View of excessive business and residential buildings on March 9, 2016 in Shenzhen, China. Basic financial slowdown continues in China whereas the property worth and…