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Oil prices mixed as production cuts hit oil
... strong dollar. By 0022 GMT, Brent crude futures fell 4 cents, or 0.1%, to $86.23 per barrel, while U.S. West Texas Intermediate WTI crude futures were up 22 cents at $78.03 per barrel. After shutting in output ahead of Hurricane Ian , which entered the U.S. Gulf of Mexico on Tuesday, producers began returning workers to offshore oil platforms, and are forecast to become a Category 4 storm over the warm waters of the Gulf. According to the Bureau of Safety and Environmental Enforcement , BSEE producers ...
Updated: 09/28/2022
Hurricane Ian could push gas prices up, AAA warns
An expert warned that a jump in gas prices could be caused by hurricane Ian, already disrupting offshore oil production in the Gulf of Mexico. An expert warned that a jump in gas prices could be caused by hurricane Ian, already disrupting offshore ... ... of Mexico, which could affect crude prices, which have been sliding for the past week, Gross said. According to the Energy Information Administration , federal offshore oil production in the Gulf of Mexico accounts for 15% of U.S. crude oil production. The federal ...
Updated: 09/27/2022
China extends exemption on purchase tax on new energy vehicles
The exemption on purchase tax on new energy vehicles will be extended to the end of 2023, according to a notice issued by the Ministry of Finance, the State Taxation Administration and the Ministry OF Industry and Information Technology. The exemption on purchase tax on new energy vehicles will be extended to the end of 2023, according to a notice issued by the Ministry of Finance , the State Taxation Administration and the Ministry of Industry and Information ...
Updated: 09/26/2022
Minister visits dedicated Igman factory in southern Germany
Nermin Djindic, the Federal Minister of Energy, Mining and Industry, visited the dedicated industry factory Igman Konjic yesterday, where he had a meeting with the Administration led by director Djahid Muratbegovic. Nermin Djindic , the Federal Minister of Energy, Mining and Industry, visited ... ... Igman Konjic yesterday, where he had a meeting with the Administration led by director Djahid Muratbegovic . The director informed the minister about Igman 's operations this year and plans for the end of the year. Igman continued with positive operations ...
Updated: 09/23/2022
Here is the latest tech-related events to report
U.S. stocks fell on Wednesday with the Nasdaq Composite dropping more than 200 points amid a decline in Apple Incued Meta Platforms, Inc. U.S. stocks fell on Wednesday ... .... META and Amazon.com , Inc. AMZN shares. Let's look at the major economic events that are scheduled for today. The Energy Information Administration 's weekly report on natural gas stocks in underground storage is scheduled to be released at 10: 30 a.m.
Updated: 09/22/2022
Fed hikes US interest rate, but Russia escalates
Concerns about the outlook for energy demand was raised by the US Federal Reserve, which raised interest rates and signaled more aggressive monetary ... ... Citibank analysts in a note dated Sept. 21. They said that sentiment is weighing on sentiment because of the recession. The Energy Information Administration reported that US crude supplies rose by 1.1 million barrels last week, while inventories expanded at the key storage ...
Updated: 09/22/2022
Oil prices fall as Fed raises interest rates
Reutersuz oil prices fell in early Asian trade after the U.S. Federal Reserve raised interest rates significantly to curb inflation, despite fears that the global economy will be ... ... weeks, U.S. gasoline demand fell to 8.5 million barrels per day bpd, its lowest since February, according to the U.S. Energy Information Administration . German gas importer Uniper said on Wednesday and Britain said it would halve energy bills for businesses in ...
Updated: 09/22/2022
Trump's friend, Tom Barrack used Trump's friendship, prosecutors say
Tom Barrack used his long-time friendship with Donald Trump to illegally provide government officials from the United Arab Emirates with access to the then-president and senior administration officials, and he did so for money and power, prosecutors said Wednesday. Tom Barrack used his long-time friendship ... ... high-level positions, including CIA director and State and Defense departments. He also provided UAE officials with sensitive information, including internal discussions within the Trump administration regarding the blockade of Qatar by the UAE, according ...
Updated: 09/21/2022
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