OPEC+ Set for Only Slight Oil Output Target Increase in May: Sources
OPEC+ will likely stick to plans for a modest increase in oil output in May,...
OPEC+ will likely stick to plans for a modest increase in oil output in May, several sources close to the group said, despite a surge in prices due to the Ukraine crisis and calls from the U.S. and other consumers for more supply.
Several consuming nations including the U.S. have urged producers to raise their output by more as crude prices have surged, hitting their highest since 2008 this month at over $139/bbl.
But major OPEC members such as Saudi Arabia and the United Arab Emirates (UAE) have held back on increasing their production targets, while OPEC+, a group that includes Russia, has steered clear of the topic of Ukraine.
Denver-based natural gas producer Caerus Oil and Gas is reportedly preparing a sale...
Denver-based natural gas producer Caerus Oil and Gas is reportedly preparing a sale process that could value the company at more than $2.5 billion, including debt. Caerus has roughly 680,000 gas-producing acres, as well as pipelines and mineral rights, in Colorado's Piceance Basin and Utah's Uinta Basin.
New Covid-19 restrictions in China dragged oil prices further below recent highs on Monday,...
New Covid-19 restrictions in China dragged oil prices further below recent highs on Monday, with the prospect of reduced fuel demand easing some pressure on global crude markets.
U.S. oil prices slid 7% to $105.96 a barrel, continuing their fall from a recent closing high of $123.70 reached earlier this month. Oil prices remain sharply higher since Russia invaded Ukraine in February, as Western sanctions and boycotts against Russia have effectively cut worldwide supply. Brent crude, the global price benchmark, dropped about 6.8% to $112.48.
‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank
Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing...
Yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking questions over whether the long-term trend will imminently end, according to a research note from Deutsche Bank.
S&P 500, Dow book 3rd day of gains Monday, stocks end higher as investors await Russia-Ukraine talks
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials...
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials both booking a third straight session of gains as investors monitored potentially positive developments ahead of Russia and Ukraine talks in Turkey on Tuesday. The Financial Times reported on Monday that Russia no longer will demand that Ukraine be "denazified," a claim Russian President Vladimir Putin used to justify his invasion, in ceasefire talks. The DowDJIA, +0.27% rose about 93 points, or 0.3%, finishing near 34,955, after flipping positive in late afternoon trade. The S&P 500 SPX, +0.71% advanced 0.7% and the Nasdaq Composite IndexCOMP, 1.31% jumped 1.3%. Treasury yields also trimmed some of last week's advance and oil prices fell, with the U.S. benchmark CL00, -9.03% down about 7% Monday to settle at $105.96 a barrel.
