IEA Claims Global Oil Demand Will Peak Before 2030
Demand for oil, natural gas, and coal is nearing its peak, the head of the International Energy Agency said in an op-ed for the Financial Times,...
UPDATE 3-Wall Street gains, Treasury yields rise as debt ceiling talks progress
(New throughout with U.S. market open, changes dateline) NEW YORK, May 19 (Reuters) – U.S. stocks were tentatively higher on Friday and benchmark Treasury yields...
GLOBAL MARKETS-Stocks limp toward biggest weekly fall of the year
* World shares in danger of biggest weekly fall of 2023 * Dollar clings to 2-mth high; traders await U.S. PCE data * Nikkei rises...
GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India
LONDON, Jan 27 (Reuters) – World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as...
Goldman Sachs Expects A Bumper Year For Commodities In 2023
Supply shortages and insufficient investment in new supply will result in a bumper year for commodities in 2023, Goldman Sachs says, expecting the S&P GSCI...
OECD Oil Inventories Hit Lowest Level Since 2004
The lowest oil inventories in developed economies since 2004 are set to combine with the upcoming EU embargo on Russian oil imports to further tighten...
Diesel Price Premium To Gasoline And Crude Hits Record High
Very low diesel stockpiles and lower refining capacity since the pandemic have driven diesel prices in the United States higher to the point of reaching...
IEF: EU Embargo Could Send Oil Prices “Well Above $100”
Brent crude prices could easily break above $100 per barrel again if losses of supply from Russia are close to 3 million barrels per day...
Biden Is Re-Evaluating Relations With Saudi Arabia Following The OPEC+ Cut
U.S. President Joe Biden is re-evaluating the United States’ relationship with OPEC’s de facto leader Saudi Arabia after the Kingdom led the OPEC+ group to...
A Fed Pivot Is Wall Street’s Dream. Jobs Report Could Be Rude Awakening: Barron's
Markets have gotten giddy so far in October, dreaming of a dovish Federal Reserve. But they were abruptly woken up Wednesday. Source link...