Russian President Vladimir Putin underlined on Thursday that the time of “undivided domination” of the West is “coming to an end.” Addressing the Valdai Discussion Club, the head of Russia stressed that “the West is incapable of unilaterally governing… no matter how much it tries to do that.” He further commented that Washington has “no …
Saudi Arabia’s Energy Minister has warned countries against misusing their crude oil stockpiles to manipulate the oil markets. According to the Kingdom’s Energy Minister, Prince Abdulaziz bin Salman, who has been sparring with U.S. President Joe Biden in recent weeks, strategic crude oil stockpiles are designed to be used to manage supply shortages, not to …
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Goldman Sachs CEO David Solomon stated on Tuesday that the United States Federal Reserve could raise interest rates beyond 4.5-4.75% if there are no ‘”real changes in behavior.” “If they don’t see real changes – labor is still very, very tight – they’re obviously just playing with the demand side by tightening. But if they …
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The Strategic release of oil are a sick joke.. But still they spin it: The global oil market will still need Russian oil to flow even with the planned price cap, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said on Tuesday. The price cap proposed and pushed by the G7 …
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https://youtu.be/GA0EOsU2l0U (Bloomberg) — Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity. The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate …
Data was reported last week by the federal government on diesel inventories that was historic in the magnitude of the change from the prior week. It could mark a shift in the weak diesel market that has benefited carriers and drivers for several months. Ultimately, the price of diesel will be set primarily by …
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4 Months ago Janet says inflation is a crises.. Now she says its not that bad. Oh i forgot she is a political hack and following the latest political line United States Treasury Secretary Janet Yellen asserted on Friday that soaring inflation wasn’t “embedded” in the economy yet, noting research and investments into the chip …
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Analysts are becoming increasingly concerned about where oil prices might head following the midterms. The looming EU embargo on Russian oil could send prices significantly higher. The White House’s newly released policy aiming to “strengthen energy security, encourage production, and bring down costs,” fails to address one key issue; underinvestment. With everyone obsessing over UK …
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A total of 83% of likely U.S. voters are concerned about the high gasoline and home heating fuel prices, according to the latest Rasmussen Reports nationwide survey. “With the midterm elections less than three weeks away, most voters are still worried about high gasoline prices and give President Joe Biden low marks for his energy …
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The Dow rallied Friday, to close out its best week since June as hopes that the Federal Reserve could slow the pace of rate hikes helped cool the surge in Treasury yields and bolstered growth sectors of the market including tech. The Dow Jones Industrial Average gained 2.5% or 748 points, the Nasdaq was up …