MOSCOW, Nov 14 (Reuters) – Russian gas flows towards Germany via the Yamal-Europe pipeline rose over the weekend, preliminary data from German network operator Gascade showed, with no signs of being impacted by a political standoff between Belarus and the European Union. Belarusian President Alexander Lukashenko said on Thursday that he could halt Russian gas …
Continue reading “Russian gas flows via Yamal pipeline to Germany rise over the weekend”
SINGAPORE, Nov 15 (Reuters) – Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Oil markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that President Joe Biden’s administration might release oil from …
Continue reading “Oil prices slide on expectations of higher supply, weaker demand”
Nov 14 (Reuters) – President Joe Biden’s administration should tap into emergency petroleum reserves to lower rising gasoline prices as Americans go into the holiday season, Senate Majority Leader Chuck Schumer said on Sunday.”We’re here today because we need immediate relief at the gas pump and the place to look is the Strategic Petroleum Reserve,” …
Continue reading “Biden must tap oil reserves to lower gasoline prices, Schumer says”
Mohamed El-Erian criticized the Fed’s narrative of transitory inflation in an interview with Bloomberg on Friday. “You can’t simply dismiss them as transitory,” he said. “It is going to go down in history as one of the worst inflation calls.” Recent data show US inflation is running at its fastest rate since 1990. Mohamed El-Erian, …
Uncertainty over whether or not the Biden Administration will take action to help tame energy prices helped lower crude prices, which Bloomberg reported have recorded their longest stretch of weekly losses since March. West Texas Intermediate on the New York Mercantile Exchange rose three of five trading days, including a $2.22 spike above $84 a …
Continue reading “Uncertainty over government action cools oil prices”
R(Bloomberg) — Investors’ faith in the Federal Reserve has become so unshakable that not even the highest inflation in three decades is enough to cause a sell-off in assets, said Jeremy Grantham. “We’ve never seen anything like this,” Grantham told Bloomberg Television’s “Wall Street Week” with David Westin. “Every bull market before this one had …
Nov 12 (Reuters) – The number of Americans voluntarily quitting their jobs rose to a record high in September while job openings stayed stubbornly above pre-pandemic levels, a sign that businesses may have to continue to raise wages in order to attract workers. The Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS …
Continue reading “U.S. workers quitting reaches record high, job openings edge down in September”
https://youtu.be/xB7cEvV77G8 Production in the Permian seen at highest since at least 2015 Natural gas production forecast to climb to most in six years Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of …
Continue reading “U.S. Shale Oil Output Seen at Most Since Early in Pandemic”
The Biden Administration is still not decided whether the U.S. should act now to try to reduce the highest gasoline prices in America in seven years or to wait for the market to run its course, Bloomberg reported on Friday, quoting sources with knowledge of the ongoing debates. President Joe Biden is considering a release from …
Continue reading “Biden Administration Still Debating Moves To Lower Gasoline Prices”
OSLO (Reuters) – Norway will offer a third COVID-19 vaccine dose to everyone aged 18 and older and will give municipalities the option of using digital “corona passes” as a way to beat back a surge in COVID-19 infections, the government said on Friday. Norway has so far only given a third dose to those …
Continue reading “Norway plans third vaccine dose for all adults, “corona passes””