Tag Archives: Oil

Russia’s online retailer Ozon’s logistics center outside the town of Tver. Ozon is Russia’s pure-play e-commerce stock. KIRILL KUDRYAVTSEV/AFP via Getty Images Text size Vladimir Putin has worked long and hard to foster the impression that he is Russia. Investors believe him. Russian stocks wax and wane with… Source link

Russia’s online retailer Ozon’s logistics center outside the town of Tver. Ozon is Russia’s pure-play e-commerce stock. KIRILL KUDRYAVTSEV/AFP via Getty Images Text size Vladimir Putin has worked long and hard to foster the impression that he is Russia. Investors believe him. Russian stocks wax and wane with… Source link

In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in 2022. The agency claimed that, based on current global economic growth expectations, demand for crude oil and petroleum products will be reaching pre-COVID levels by 2022. The Paris-based energy watchdog, which has come under fire after its shocking Net-Zero by 2050 report called for no more investments in oil and gas, stated that “OPEC+ needs to open the taps to keep the… Source link

(Bloomberg) — Oil resumed its rally to top $70 a barrel in New York as investors grew more confident that accelerating vaccinations and easing travel restrictions will continue to boost demand. West Texas Intermediate futures surpassed the $70 mark to close at its highest since Oct. 2018 after briefly touching the key psychological level earlier this week. U.S. oil supplies fell 2.11 million barrels last week, the American Petroleum Institute was said to report. That would be the third… Source link

Stock futures edged up Wednesday morning on the heels of a mixed session a day earlier, with the three major indexes struggling for direction at the start of June. Contracts on each of the three major indexes traded slightly above the flat line heading into the regular trading day. Brent and crude oil prices extended gains after hitting their highest levels since 2018 on Tuesday after OPEC+ suggested demand would rebound during the recovery and opted for gradual supply increases. Treasury… Source link

(Bloomberg) — European stocks were little changed on Monday as gains in automakers offset declines in energy shares, while Asian equities were mixed amid a spike in Covid-19 cases. The Stoxx Europe 600 Index traded modestly lower, with Ryanair Holdings Plc among the gainers after the airline pointed to a strong recovery in the second half. Stocks in Asia were mixed, as shares in Taiwan fell as the country raced to contain its worst outbreak of the coronavirus. U.S. equity futures slipped… Source link

The New York Times An Early Promise Broken: Inside Biden’s Reversal on Refugees WASHINGTON — Secretary of State Antony Blinken was in the Oval Office, pleading with President Joe Biden. In the meeting, on March 3, Blinken implored the president to end Trump-era restrictions on immigration and to allow tens of thousands of desperate refugees fleeing war, poverty and natural disasters into the United States, according to several people familiar with the exchange. But Biden, already under… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

(Bloomberg) — Tucked between the Gulf of Oman and a craggy mountain range, the dusty port Fujairah isn’t an obvious base from which to try and revolutionize the Middle East’s oil markets. But on Monday, when Abu Dhabi begins selling futures contracts for its oil and then shipping the barrels from Fujairah, it will mark an aggressive shift by the emirate. It hopes to change the way nearly one-fifth of the world’s crude is priced. Persian Gulf states pump nearly 20 million barrels of oil… Source link

Stocks gained on Friday after a new print on core inflation in the U.S. came in milder than expected. Each of the S&P 500, Dow and Nasdaq gained, holding onto overnight advances. Shares of big bank stocks increased after the Federal Reserve announced that most banks will be allowed to resume increasing their dividends and shares repurchases after June 30, ending a year of pandemic-related restrictions. U.S. crude oil prices rose Friday morning after dropping by more than 4% on Thursday as… Source link