Tag: energy
Us stocks and us bonds rebounded strongly after the Fed raised interest rates by a large margin
In June, the Federal Reserve's FOMC raised interest rates by 75 basis points, the largest increase in nearly three decades since 1994, to levels...
The Oil Price Rally Shows No Sign Of Slowing
The U.S. national average for gasoline hit $5 per gallon last week, the highest ever. Brent crude is trading at $120 per barrel and...
Oil Climbs Back To Nearly $123
Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain...
Crude oil likely to remain volatile ahead of US Fed meeting; $110-125 per barrel range eyed
Crude oil and gasoline prices have been a hot topic for almost everyone recently as the basket of crude oil that India buys has...
Crude Oil Price Forecast – Crude Oil Markets Pull Back
WTI Crude Oil Technical AnalysisWest Texas Intermediate Crude Oil markets pulled back a bit during the trading session on Monday as the $120 level...
Turkish lira slips again; Nebati says rates to stay put
ISTANBUL, June 6 (Reuters) - Turkey's lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to more than 20% this...
Analysis: Sterling traders see Johnson emerging weaker from confidence vote
June 6 (Reuters) - The pound firmed on news of the confidence vote against British Prime Minister Boris Johnson, betting he will emerge weakened...
Erdogan says May figures show inflation is on downward trend
ANKARA (Reuters) - Turkish President Tayyip Erdogan said on Sunday that inflation figures from the month of May, when annual consumer prices jumped to...
Russian oil output faces long-term decline as Western firms exit, Chevron CEO says
Russia still has buyers for much of its oil despite sanctions but will face difficulty overcoming the loss of western technology and capital, as...
Gold Up, Set for Second Weekly Gain as Dollar Falls from 20-Year High
Gold was up on Friday morning in Asia and was set for a second weekly gain after the dollar retreated from 20-year highs. Gold futures...
Kenyan energy company entices Bitcoin miners with geothermal power
Kenyan energy company KenGen has put out a call to Bitcoin (BTC) miners to move nearby and buy its excess renewable power capacity. KenGen claims...
What is windfall tax on oil companies?
Crude oil price is rising. As the burden on people's pocket is increasing, experts are suggesting one-time 'windfall tax' on companies that have profited from the price rise. What is 'windfall tax'?