adminOil Steadies as Mideast Tensions Vie With Libyan Supply Outlook
(Bloomberg) — Oil was steady at the start of the fourth quarter as geopolitical risks in the Middle East, with Israel beginning ground raids inside Lebanon, vied with the prospects…
Powell Says Fed Not in a Hurry, Will Lower Rates ‘Over Time’
(Bloomberg) — Sign up for the Economics Daily newsletter to discover what's driving the global economy. Most Read from Bloomberg Federal Reserve Chair Jerome Powell said the central bank will…
This week’s economic data could be ‘hugely bullish’ for stocks
Friday's monthly jobs report, along with a slew of other economic data slated for release this week, is likely to drive the stock market even higher if it surprises to…
Oil forecasts cut for 5th straight month on demand, OPEC uncertainty
By Sherin Elizabeth Varghese (Reuters) – Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected…
Big US oil companies reveal massive payments to foreign governments
(Reuters) – The three largest US energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United…
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
(Bloomberg) — Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving…
Former Singapore Oil Mogul to Pay Liquidators, HSBC $3.6 Billion
(Bloomberg) — Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about $3.59 billion to the liquidators of his company and creditor HSBC Holdings Plc, ending…
Oil Steadies as Traders Assess Shifting Risks in Mideast Crisis
(Bloomberg) — Oil steadied after Israel’s killing of Hezbollah’s leader, Hassan Nasrallah, with the market waiting to see how Iran will respond. Most Read from Bloomberg Global benchmark Brent traded…
Oil prices rise on Middle East supply risks as Israel steps up attacks
By Katya Golubkova TOKYO (Reuters) – Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks…
Fed’s rate cut could catapult mid-cap stocks over the S&P 500 as the top trade, strategists say
Goldilocks might be onto something. Over the past week, investors were busy figuring out the best way to play the Federal Reserve’s decision to lower interest rates for the first…
