Tag: Oil

As Inflation, Oil Prices Keep Rising, Is Stagflation Next for Canada?

October 13, 2021
Business & EconomyCanadaEconomiesinflationOilstagflationWorld
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With soaring energy prices, the more troubling economic prospect of stagflation reminiscent of the 1970s has entered the discourse in financial markets

US Oil and Gas M&A Activity in Third Quarter Pulls Back From 2-Year Peak

October 13, 2021
acquisitionsBusiness & EconomyCompaniesEconomieseconomyGasLocal NewsmergersOilpeakquarterRegional NewsRegional-Local NewsTexasUSUS News
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Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets. Mergers and acquisitions (M&A) activity in the July-September quarter totaled…

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Oil Falls on Concerns of Faltering Economic Growth to Hit Demand

October 13, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompanieseconomicEconomieseconomyEuropeFallgrowthIndiaInternationalLocal NewsMarketsMiddle EastOilRegional NewsRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues though surging prices for power generation fuel such as coal and natural gas limited losses. Brent crude futures fell 24 cents, or 0.2 percent, to $83.18 a barrel at 0830 GMT….

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Orange County DA Calls for Immediate Inspection on All Oil Pipelines

October 12, 2021
Local NewsOilOrange CountypipelineRegional-Local NewsSouthern CaliforniaUS
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Following the 144,000-gallon oil spill into the ocean off the coast of Huntington Beach, Orange County District Attorney Todd Spitzer called on the U.S. Dept. of Transportation’s Office of Pipeline Safety to immediately inspect all Orange County oil pipelines for structural vulnerabilities, according to a statement from Spitzer’s office. In an open letter to the…

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Oil Nears Three-Year High on Energy Crunch Fears

October 12, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniescrunchEconomieseconomyenergyEuropeHighInternationalLocal NewsMarketsMiddle EastOilRegional NewsRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil rose towards $84 a barrel on Tuesday, within sight of a three-year high, supported by a rebound in global demand that is contributing to energy shortages in big economies such as China. With demand growing as economies recover from pandemic lows, the Organization of the Petroleum Exporting Countries (OPEC) and allied producers, collectively known…

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NTD Business Full Broadcast (Oct. 11)

October 11, 2021
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A mounting energy crisis — Oil prices hitting record levels, coal and gas prices rising too. How are producers adapting? Three economists based in America get the Nobel Prize in Economics. What have they done for the field and what are critics saying? And Southwest Airlines says services will be back to normal this week, after…

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Futures Dip as Oil Rally Fuels Inflation Worries

October 11, 2021
Business & EconomyCompaniesEconomieseconomyfuturesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsOilRegional NewsRegional-Local NewsTexasUSUS NewsWorld
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U.S. stock index futures slipped on Monday as surging commodity prices added to inflation worries, which could cloud the earnings season set to start with Wall Street banks later this week. Rising raw material costs, labor shortages, and other supply chain bottlenecks have raised concerns of elevated prices denting corporate profit. U.S. oil rose nearly…

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Wall Street Rises as Big Tech, Financials Gain

October 11, 2021
Business & EconomyCompaniesEconomieseconomyfinancialsinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsOilRegional NewsRegional-Local NewsTechTexasUSUS NewsWall StreetWorld
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U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week. Mega-caps Apple Inc., Tesla Inc., and Microsoft Corp, rose between 0.6 percent and 1 percent, with nine of the 11 major S&P 500 sector indexes trading higher….

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Crude Jumps on Global Energy Crunch; US Oil at 7-Year High

October 11, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyenergyEuropeIndiaInternationalInvestmentJumpLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsOilRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil prices rose 2 percent on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained supplies from major producers. Brent crude was up $1.62 cents, or 2 percent, at $84.01 a barrel by 0914 GMT, The highest level since…

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Rising Yields Lift Dollar as Oil Surges

October 11, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsOilRegional-Local NewsSurgesUKUSUS NewsWorldyields
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LONDON/SYDNEY—World shares edged higher on Monday courtesy of gains in China, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns. “Higher energy prices, shortages…

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