Rising Oil Price Could Make Central Banks Cautious With Rate Cuts
A rising oil price could halt or even reverse the recent trend of falling inflation, potentially leaving central banks cautious about cutting interest rates, DZ Bank said.
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Wednesday, further expanding the chasm between it and oil producer group OPEC regarding the outlook for global oil demand this year. The Paris-based energy watchdog lowered its growth outlook for this year by 140,000 barrels per day (bpd) to 1.1 million bpd, largely citing weak demand in developed OECD nations. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday stuck by its expectation that world oil demand will rise by 2.25 million barrels per day (bpd) in 2024.
Brazilian environmental agency Ibama has insisted on these studies before it will consider Petrobras' appeal for a drilling licence.
Runes etching on Bitcoin network drops drastically, affecting miners' income.
In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States declined, but the count for natural gas increased.
Major firms are betting big on the Web3 job market anticipating an increased adoption of blockchain technology
Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.
President Joe Biden’s move to hike tariffs on Chinese goods should help U.S.-based medical mask and glove makers, a sector that has largely flamed out after surging during the COVID-19 pandemic. Industry executives on Tuesday said Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments needed to bring some stalled projects online, although some think the 25% duties need to be even higher. India-based research firm Mordor Intelligence estimates the U.S. personal protective equipment (PPE) market is $14 billion.
Microsoft has a runaway lead in data centre investment among its Big Tech rivals in a bid to stay ahead of the AI arms race.
(Bloomberg) -- China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines.Most Read from BloombergFlood of China Used Cooking Oil Spurs Call to Hike US LeviesBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsTrump Vows ‘Day One’ Executive Order Targeting Offshore WindHow One of the World's Oldest Hedge Funds Went BankruptOpenAI Chief Sci