Europe's Fuel Crisis Re-energizes Debate Over Natural Gas
The war in Ukraine is reviving a debate on whether natural gas is a climate friend or foe, as Europe's energy crisis triggers urgent calls for U.S.
Analysis-Oil Shock Is Coming, But U.S. May Have Already Paid For It
The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russia's invasion of Ukraine and give the Federal Reserve more leeway in raising interest rates.
EU Leaders To Make Room For More Spending Over Ukraine, No New Joint Debt Seen
European Union leaders will prepare the ground on Friday for possible unexpected spending over the war in Ukraine, but will stop short of mentioning any new joint EU debt issuance, draft summit conclusions showed.
Indian Inflation Likely Slipped In Feb But Set To Rebound Soon - Reuters Poll
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that surging oil prices will push inflation much higher in the coming months.
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EU Leaders Seek To Escape Russian Fossil Fuels
European Union leaders are set to agree on Thursday to phase out their reliance on Russian fossil fuels, although countries are divided over whether to immediately sanction oil and gas imports as Moscow wages war in Ukraine.
EU Leaders Agree To Phase Out Russian Fuels, But Hurdles Remain
European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil imports as Moscow wages war in Ukraine.
UK House Prices Keep On Rising Despite Squeezed Budgets: RICS
House price growth in Britain hit a new eight-month high in February as the housing market showed little sign of losing momentum amid a growing cost-of-living squeeze, a survey showed on Thursday.
Oil Rises As Market Weighs OPEC Filling Russia Supply Gap
Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.
Oil Jittery As Market Weighs OPEC Filling Russia Supply Gap
Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.
Oil Edges Back Up Despite Putin's Pledge To Honor Supply Commitments
Oil edged higher on Thursday after its biggest plunge in two years in the previous session, as uncertainty over Russian supplies roiled the market despite Moscow's reassurance over its contractual energy obligations.
Oil Settles Down Again; Russia To Fulfil Supply Contracts
Oil prices settled lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone.
Oil Extends Losses; Russia To Fulfil Supply Contracts
Oil prices settled about 2% lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged to fulfil contractual obligations and some traders said supply disruption concerns were overdone.
U.S. Energy Secretary Urges Companies To Boost Oil, Gas Output
Any oil and gas company that can increase supply should do so quickly due to the growing energy crisis following Russia's invasion of Ukraine, U.S.
Australia, South Africa Miners Eye Options As Europe Makes Desperate Calls
Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it difficult to rapidly boost output, companies said.
Years Of Low U.S. Consumer Energy Costs Wane Following Russian Invasion
U.S. motorists, already dealing with a steep rise in spending on fuel as the economy rebounded from the coronavirus-induced recession, are now dealing with surging gasoline prices after Russia's invasion of Ukraine.
Rio Tinto Working To Ensure Access To Russian Fuel For Mongolia Project -exec
Rio Tinto Ltd is working to maintain steady supplies of fuel and other goods for its Mongolian copper operations from suppliers that buy from Russia and elsewhere, a top executive at the mining giant said on Wednesday.
All At Sea: Russian-linked Oil Tanker Seeks A Port
A Russian-operated oil tanker that Britain turned away over a week ago has yet to find a port to discharge its cargo, and many other vessels are likely to be in the same position as buyers shun trade deals following Moscow's invasion of Ukraine.
Oil, Commodities Price Shock Could Cost Over 4% Of Global GDP, Trafigura Says
Soaring prices of commodities from oil to wheat in the wake of Russia's invasion of Ukraine could cost the global economy the equivalent of at least 4% of gross domestic product, commodities trading major Trafigura said on Wednesday.
Russia, Belarus Squarely In 'Default Territory' On Billions In Debt -World Bank
Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and its allies over the war in Ukraine, the World Bank's chief economist, Carmen Reinhart, told Reuters.
U.S. Labor Market Very Tight, Job Openings Near Record High In January
U.S. job openings fell in January, but remained near record highs as worker shortages persisted, pointing to a tight labor market that will continue to generate strong wage gains and contribute to keeping inflation high.
Gold, Palladium Beat Fast Retreat As Risky Assets Bounce Back
Palladium slid as much as about 9% on Wednesday to lead a sharp reversal in precious metals, while gold shed over 3%, as a retreat in oil prices helped riskier assets stage a comeback following sharp declines spurred by the Ukraine war.
Gold, Palladium Retreat From Highs As Risky Assets Stabilize
Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis.
U.S. House Approves Ukraine Emergency Aid; Funding To Avert U.S. Gov't Shutdown
The U.S. House of Representatives on Wednesday voted to rush $13.6 billion in aid to Ukraine as it battles invading Russian forces, along with $1.5 trillion to keep U.S.
Italy Industry Output Dives, Growth Outlook Weakens
Italian industrial output posted its steepest fall for more than a year in January, data showed on Wednesday, as the growth outlook for the euro zone's third largest economy weakens amid surging energy prices.
Wall Street Rebounds On Bank, Tech Boost
Wall Street's main indexes rallied on Wednesday as investors piled into banking and technology sectors that have suffered sharp losses this week on concerns about the fallout from the Ukraine crisis, with sentiment lifted by a fall in oil prices.
Tech, Financials Lead Resurgent Wall St As Oil Plunges
U.S. stocks surged on Wednesday led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply after fanning inflationary fears and investors gauged developments in the Ukraine crisis.
Wall Street Slumps As Spiraling Inflation Cements Rate Hike Bets
The tech-heavy Nasdaq fell nearly 2% on Thursday as U.S.
Wall Street Slides As Decades-high Inflation Reading Invites Aggressive Fed Tightening
Wall Street slid on Thursday as inflation data hit a four-decade high, all but assuring the U.S.
Wall Street Closes Lower As Inflation Hits 40-year High, Inviting Aggressive Fed Tightening
Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S.
Wall St Eyes Lower Open As Inflation Data Cements Rate Hike Bets
Wall Street's main indexes were set to open lower on Thursday after data showed consumer prices in February surged as expected, cementing the case for an interest rate hike by the Federal Reserve later this month.
Wall St Set To Bounce Back As Tech, Banks Surge
Wall Street's main indexes were set to bounce back on Wednesday after four straight sessions of losses as oil prices eased and investors snapped up stocks hammered by concerns over Western sanctions on Russia following its invasion of Ukraine.
Wall St Surges Back Led By Tech, Financials As Oil Plunges
U.S. stocks surged on Wednesday, with the tech-heavy Nasdaq jumping over 3%, rebounding from several days of declines as oil prices pulled back sharply and investors gauged developments in the Ukraine crisis.
Gold, Palladium Retreat From Highs
Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis.
Asia Braces For Growth Hit From Ukraine-driven Inflation Shock
An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia's policymakers to rethink their assumptions for 2022, with the risks of weak growth coupled with surging prices adding unwanted complexity to monetary setting plans.
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