April 26, 2022
Via: ABC NewsFor months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels. But in early April, with oil prices nearly four times higher than they were in […]
April 20, 2022
Via: DailyFXWith the Russian invasion of Ukraine on the cusp of entering its third month, energy markets have endured another wave of increased volatility. But the news flow around oil has been conflicting to say the least, and it may be […]
April 14, 2022
Via: Investing.comU.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as […]
April 11, 2022
Via: ABC NewsThe World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial […]
March 30, 2022
Via: NBC NewsDuring a 2020 presidential debate, then-candidate Joe Biden vowed that if elected, “I would transition from the oil industry.” Now in office, he has transitioned America’s economy away from the domestic U.S. oil industry while strengthening foreign oil industries. As […]
March 29, 2022
Via: DailyFXMore evidence is accumulating for a double top in gold prices. A ceasefire between Russia and Ukraine is potentially around the corner, leading to speculation that the sanctions levied by the European Union and the United States will soon be […]
March 25, 2022
Via: ABC NewsThe United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of […]
March 17, 2022
Via: MoneyWeekThe most important thing to remember about markets is that they’re all about expectations. When something is already expected, it will already be “priced in”. It doesn’t matter if it’s “good” news or “bad” news. If markets already knew it […]
March 16, 2022
Via: DailyFXTrading years that feature midterm elections (the year 2022) tend to exhibit lower returns and elevated levels of volatility. But from a more global perspective, political influence on the 2022 trading year extends well beyond North America, and not only […]
March 10, 2022
Via: NBC NewsInflation kept up its blistering pace in February, and economists say Russia’s invasion of Ukraine is triggering even steeper price increases this month. The Labor Department reported Thursday that the Consumer Price Index, or CPI — a broad basket of […]
February 28, 2022
Via: NBC NewsRussian and Ukrainian officials sat down for talks on Monday even as fighting raged around key cities and Russian President Vladimir Putin confronted the fallout from an invasion that has rallied the West behind his neighbor and against Moscow. Ukraine […]
February 28, 2022
Via: Sky NewsThe UK-listed energy giant said on Sunday that the move would result in accounting charges of up to $25bn. BP’s decision to offload the stake – an interest it has held for nearly a decade – is the most visible […]
February 22, 2022
Via: Natalie DunnMore than two years have passed since the beginning of the COVID-19 pandemic, and this unprecedented healthcare crisis went on to change the way people live, work and spend their free time. Moreover, the crisis quickly escalated to disrupt numerous […]
February 17, 2022
Via: Business TodayThe U.S. dollar treaded water on Thursday and the Japanese yen held on to its earlier gains after a Russian news report of mortar fire in eastern Ukraine jangled market nerves and boosted the appeal of safe haven bets. Russia-backed […]
February 4, 2022
Via: NBC NewsU.S. and European warnings about a potential Russian military attack on Ukraine may have staved off an invasion for the moment, but the statements have also caused collateral damage for Ukraine’s economy, officials in Kyiv and experts say. President Volodymyr […]
Financial Services, Industries
September 14, 2020
Via: FortuneNew data provided to Fortune by the cryptocurrency research firm Chainalysis finds that Ukraine and Russia rank first and second, respectively, in the adoption of cryptocurrencies like Bitcoin. But while the vast majority of this activity is legitimate, Eastern Europe […]