Oil stays near multi-month lows on demand worries
Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China and the United States.
Stocks and oil tumble as recession fears mount
World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar.
Analysis: Are high prices unpatriotic or as American as you can get?
President Joe Biden’s pointed criticism of oil and gas companies for earning massive profits as families suffer from high gasoline prices challenges a pillar of American capitalism: that U.S. companies should make as much profit as they legally can, and direct that windfall back to investors.
How the crisis between Russia and Ukraine is having an impact on Americans
The majority of American drivers are affected by high fuel prices, but just a few people bear the brunt of the load.
It is time to reduce oil consumption: the IEA has a 10-point strategy
As Russia sends a significant portion of its oil to Asia and Europe. However, it is worth noting that when discussing rising oil costs, all should consider the worldwide oil supply rather than just American gas prices. The commodities market is globally interconnected, and oil prices are influenced by the world market. As a result, […]
Interest rates are likely to be raised by the Federal Reserve
The crisis in Russia-Ukraine continues to dominate the market. Investors may have to be satisfied with the Federal Reserve’s first interest rate increase since the pandemic. The Fed’s fund rate will be raised, according to the report that’s been released. It could go up by a quarter percentage point from where it is now. The […]
U.S. gasoline prices soar to highest since 2008 on Russia conflict -AAA
U.S. gasoline prices at the pump jumped 11% over the past week to the highest since late July 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday.
EXCLUSIVE Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week
Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters.
Nissan to spend $17.6 bln over 5 years in electrification push
Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.
Oil rises on declining inventories and weaker dollar
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.
