UK Prime Minister Boris Johnson promised on Monday that the government would do everything it could to prevent energy suppliers from going under amid natural gas shortages in Europe. According to British offshore oil and gas industrial body OGUK, wholesale prices for gas have surged 250 percent since January, with a 70 percent rise since August…
Boris Johnson Vows to Do ‘Everything We Can’ to Save Energy Firms Amid Price Hike
Oil Holds Above $75 as US Inventory Drop Supports
LONDON—Oil slipped but held above $75 a barrel on Thursday, within sight of a near seven-week high hit a day earlier, supported by a big drop in U.S. crude inventories and expectations of recovering global demand. U.S. crude inventories fell by 6.4 million barrels last week, more than analysts expected, as oil facilities offshore were…
Wall Street Gains as Crude Price Surge, Strong Economic Data Prompt Broad Rally
September 16, 2021
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NEW YORK—U.S. stocks closed higher on Wednesday as rising crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, boosting investor sentiment. All three major U.S. stock indexes gathered strength as the session progressed, with economically sensitive cyclicals, smallcaps and transportation stocks leading…
Oil Prices Climb After Drawdown in Stocks, Positive Demand Outlook
SINGAPORE—Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. But a fall in China’s crude oil throughput in August with daily refinery runs hitting the lowest…
21 Americans Aboard Qatari Flight, Not Everyone Chose to Evacuate Afghanistan
The U.S. State Department confirmed that 39 Americans were invited on the first commercial flight allowed to take off from Kabul’s airport on Sept. 9, although not everyone ultimately chose to depart Afghanistan, citing different reasons. “We can confirm that, of the 39 we invited, 10 U.S. citizens and 11 Lawful Permanent Residents were on-board the…
21 Americans Aboard Qatari Flight, Not Everyone Chose to Evacuate Afghanistan: Price
The U.S. State Department confirmed that 39 Americans were invited on the first commercial flight allowed to take off from Kabul’s airport on Sept. 9, although not everyone ultimately chose to depart Afghanistan, citing different reasons. “We can confirm that, of the 39 we invited, 10 U.S. citizens and 11 Lawful Permanent Residents were on-board the…
Exclusive: Ryanair Ready for Long Wait for Boeing to Cut MAX Price, Says O’Leary
ROME—Ryanair is willing to wait years for Boeing to drop its prices before placing a big new plane order with the U.S. company, Chief Executive Michael O’Leary told Reuters, while he also downplayed the chance of a deal with rival Airbus. The Irish airline, one of Boeing’s biggest customers, said on Monday it had ended…
Campbell Soup Plans More Price Increases to Counter Inflation
Campbell Soup said on Wednesday it was planning to increase prices of some products, as it deals with higher ingredient and freight costs that are likely to plague packaged foods makers through the year. Shares in the Cape Cod potato chips maker, which already raised prices for some items only last month, gained 2 percent…
Analysis: Green-Push Dilemma—China’s Steel Curbs Could Cripple Price Control Efforts
BEIJING/SINGAPORE—China is facing a high profile test of its commitment to curbing industrial pollution after steel output surged in the first half of the year to well beyond its target of capping production at 2020’s peak, sending emissions to new highs. The Chinese regime pledged to limit crude steel output this year at no higher…
Average US Price of Gas Rises 2 Cents per Gallon to $3.22
CAMARILLO, Calif.—The average U.S. price of regular-grade gasoline rose 2 cents over the past two weeks, to $3.22 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas supply is abundant, which could keep prices from spiking further. The price at the pump is 98 cents higher than it was a…
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