Economy

Oil falls amid dollar strength; demand picture still bullish

Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.

U.S. FCC votes to advance proposed ban on Huawei, ZTE gear

The U.S. Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats like Huawei (HWT.UL) and ZTE (000063.SZ).

Analysis: Biden may hinder oil and gas drilling even after court loss

U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions.

Oil falls amid dollar strength; demand picture still bullish

Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.

U.S. FCC votes to advance proposed ban on Huawei, ZTE gear

The U.S. Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats like Huawei (HWT.UL) and ZTE (000063.SZ).

Analysis: Biden may hinder oil and gas drilling even after court loss

U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions.

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