Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting...
financial market news
FedEx Raises Earnings Outlook Despite Shipping Slowdown
BusinessEarningsShares rise as delivery company said cost cuts and higher shipping rates boosted Ground, Freight divisions Source link
United Airlines Shares Fall as Carrier Warns of First-Quarter Loss
The airline sees expenses tied to a potential union contract with pilots shifting into the current quarter. Source link
Saudi Aramco Posts Record $161 Billion Profit for 2022
Saudi Arabia’s national oil company reported the largest profit by an energy firm, continuing a dramatic turnaround for the industry...
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank
MarketsCurrenciesCryptocurrencySpooked investors cashed out over $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents Source link
War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
MarketsCommoditiesOil MarketsWith the West mostly shunning Russia’s oil and gas, U.S. crude exports increase Source link
North African Countries Snap Up Russian Oil Products Shunned by West
BusinessSome Russian cargo is being exported back to Europe, analysts suspect Source link
OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
The Offshore Oil Business Is Gushing Again
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship...
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next month. Source link
China’s EV Sales Broke Record in 2022 as Overall Auto Market Stalled
Rising retail demand for electric and plug-in hybrid vehicles boosted the auto market as traditional-car sales slipped 13%. Source link
Russia Bans Sales of Oil to Countries Imposing Price Cap
The action follows moves by the Group of Seven nations barring Western companies from insuring, financing or shipping Russian crude...
Orlando Airport Asks Airlines to Carry Additional Fuel to Avoid Flight Disruptions
BusinessBad weather along the Gulf Coast delayed fuel deliveries, the airport says Source link
Prices on Lithium Deals Start to Move With the Times
Fixed-price contracts are falling out of favor for the mineral as producers and consumers embrace deals that more readily reflect...
Oil Price Rises After Russia Cap Kicks In
MarketsCommoditiesThe sanctions aim to crimp Russia’s oil income while preventing a surge in energy prices Source link
OPEC+ Keeps Oil Curbs Despite Russia Price Cap
WorldGroup led by Saudi Arabia and Russia also faces slowing demand in China Source link
G-7 Sets Russian Oil Price Cap of $60 a Barrel
The move came just hours after the European Union united behind the figure, as Western nations try to curb Moscow’s...
Home Prices Slid in September for Third Straight Month
EconomyU.S. EconomyCase-Shiller index fell 1% in September from August amid higher interest rates Source link
