A Russian official said the country has successfully rerouted all the oil it would have sold...
A Russian official said the country has successfully rerouted all the oil it would have sold to the West to "friendly" nations. Nikolai Shulginov, Russia's energy minister, implied that Moscow has offset the impact of sanctions aimed at curtailing export revenue. He maintained that Russia will continue to focus on sending commodities to allies.
US stock futures rise early Wednesday as worries about...
US stock futures rise early Wednesday as worries about a banking crisis continue to ease. Meanwhile, a second hearing on the collapse of SVB will be held today before the House Financial Services Committee. Here are the latest market moves.
On the docket: Spotify, Next PLC, and more, all reporting.
Brookfield, EIG Consortium to Acquire Australia’s Origin Energy in Deal Worth $10.3 Billion
A consortium led by Brookfield Renewable Partners entered a deal...
A consortium led by Brookfield Renewable Partners entered a deal to acquire Origin Energy, Australia’s largest integrated power generator, valuing the company at AUD$18.7 billion (US$12.5 billion), including debt.
If the deal receives shareholders’ blessings, clears regulatory hurdles, and meets other customary closing conditions, the transaction could mark one of the largest private equity-backed deals for Australia. It will also usher in plans for AUD$20 billion in additional investment by Brookfield over the next decade to construct up to 14 gigawatts of renewable generation and storage facilities in Australia.
One Wharton professor recently found out: It did market research, wrote an email campaign, created a...
One Wharton professor recently found out: It did market research, wrote an email campaign, created a website, created a logo, made a social media campaign for multiple platforms, and scripted and created a video. Check it out.
The American Petroleum Institute (API) on Tuesday reported that crude oil inventories in the...
The American Petroleum Institute (API) on Tuesday reported that crude oil inventories in the United States fell this week by 6.076 million barrels, the American Petroleum Institute (API) data showed on Tuesday, in a major divergence from the 187,000 barrel build that was expected.
The total number of barrels of crude oil gained so far this year is still more than 53 million barrels.
With the large draw in crude oil inventories came product draws as well. Gasoline inventories fell by 5.891 million barrels, on top of last week's draw of 1.09 million barrels. Distillate inventories rose 548,000 barrels after decreasing by 1.84 million bpd in the week prior.
Inventories at Cushing, Oklahoma, decreased by 2.388 million barrels—after falling 760,000 barrels last week.
