Tag Archives: Oil

(Bloomberg) — Oil switched to a decline to extend a run of choppy sessions, as traders weighed smaller US inventories and the wider risks of more attacks on vessels in the Red Sea. Most Read from Bloomberg Brent edged down to near $77 a barrel, reversing an earlier gain and following Tuesday’s advance of almost 2%. The American Petroleum Institute said nationwide inventories fell 5.2 million barrels last week, with levels at Cushing also down. The Energy Information Administration,… Source link

(Bloomberg) — Stocks and bonds steadied with many investors clinging to sidelines ahead of a key US inflation report. Oil erased gains. Most Read from Bloomberg Mining shares and travel stocks led a small decline in Europe’s Stoxx 600 index, while US equity futures were little changed. Brent gained halted a climb at $78 a barrel following more attacks on vessels in the Red Sea raised the risk that Middle East supply could be disrupted. Investor focus is on Thursday’s US inflation figures… Source link

[unable to retrieve full-text content]Stock market news today: Stocks slide, oil hits 5-month lows  Yahoo Finance Source link

Anti-Russia protest in Germany Yann Schreiber/AFP via Getty Images Russian President Vladimir Putin’s ploy to use oil and gas exports as “a weapon of financial war” in its campaign to conquer Ukraine “is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence,” The Wall Street Journal reports. Putin had calculated that cutting off natural gas to Europe, and especially Germany, would leave Europe’s economy in shambles and its… Source link

The era of making tires solely from various unfriendly Earth materials is coming to a close, at least according to Goodyear Chairman and CEO Rich Kramer. “It’s the right thing to do as we think about the sustainability goals that we and our customers have,” Kramer told Yahoo Finance Live from the floor of this week’s Consumer Electronics Show (CES) in Las Vegas. “Secondly, it’s what our customers are asking for.” Goodyear revealed a new “demonstration tire” at CES comprised of 90% sustainable… Source link

The U.S. has joined the European Union, the Group of Seven nations, and Australia to cap the price of Russian oil at $60 a barrel. The U.S. has been in detailed talks with allies for months about setting a price cap on Russian oil to reduce the country’s revenue as it continues its invasion in Ukraine. The cap also ensures oil can keep flowing to the global market, preventing a spike in global oil prices as governments around the world work to tamp down multi-decade highs in… Source link

U.S. stocks descended Monday morning as unrest in China over the nation’s restrictive COVID controls weighed on global sentiment and Wall Street returned from a holiday weekend. The S&P 500 (^GSPC) sank 0.6%, while the Dow Jones Industrial Average (^DJI) fell 100 points, or 0.3%. The tchnology-heavy Nasdaq Composite (^IXIC) was off by 0.6%. The moves come after an up week of modest gains for stocks. The S&P 500 rose 1.5%, the Dow 1.8%, and the Nasdaq Composite 0.7% over the three and a… Source link

Google’s Search Advocate John Mueller – in a rare case of annoyance – said that any SEO advice mentioning “link juice” is not to be trusted. Is it or not? I wondered about the context and doubted whether it was true. There are different opinions.  After Barry Schwartz shared the news on LinkedIn, a lively debate ensued. Even Moz and SparkToro founder Rand Fishkin chimed in on the comments saying, “Maybe link juice is real after all…. Source link

The U.S. on Tuesday released detailed guidelines on how to legally participate in trading or financing Russian oil, days away from announcing an official price cap, according to a senior Treasury official who previewed the guidelines. The U.S. has joined forces with the G-7, European Union, and Australia to ban imports on Russian oil, part of sanctions the U.S. and other nations have rolled out since Russia’s invasion of Ukraine. The countries have also agreed to fashion a price cap on… Source link

Oil giants spent $24 million on Google search ads over two years Google pledged not to make money from climate disinformation Study says many ads on Google twisted facts on climate change LOS ANGELES, Nov 3 (Thomson Reuters Foundation) – Google is selling oil firms valuable digital real estate that they use to downplay their role in climate change, despite the search engine giant pledging it would stop taking money for ads that counter the scientific consensus on global warming, a new report… Source link