Dow ends down over 400 points as Fed speakers talk up bigger rate hikes
U.S. stocks suffered their worst drop in a month on Thursday...
U.S. stocks suffered their worst drop in a month on Thursdayafter hotter-than-expected data on wholesale prices and talk of more aggressive interest-rate hikes rattled markets. The S&P 500 SPX, fell 57.19 points, or 1.4%, to 4,090.41. The Dow Jones Industrial Average DJIA, shed 431.20 points, or 1.3%, at 33,696.85. The Nasdaq Composite COMP dropped by 214.76 points, or 1.8%, to 11,855.83.
Top Russian Military Official Dead After Fall From 16th Floor
A Russian military official in charge of financial provisions for the military district blamed for the...
A Russian military official in charge of financial provisions for the military district blamed for the Kremlin’s worst losses in Ukraine has been found dead after a nasty fall from a St. Petersburg high-rise. The 58-year-old’s belongings and documents were found on a balcony on the 16th floor of the building, Mash reports.
Marina Yankina, head of the department of financial provisions for the Western Military District, was found dead on a sidewalk on Wednesday morning, according to multiple local reports. She is just the latest in a growing list of Russian military officials, defense industryfigures, war critics, and gas and oil execs to die suddenly and mysteriously since the start of the full-scale invasion last year.
Russia’s Investigative Committee is looking into the circumstances of the deadly plunge, with their preliminary conclusion being suicide, according to Fontanka.
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell...
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 100 billion cubic feet for the week ended Feb. 10. That compared with an average analyst forecast for a decline of 109 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights.
EIA sees shale oil, gas output hitting new records in March
The Energy Information Administration expects crude oil production from the seven largest US shale formations...
The Energy Information Administration expects crude oil production from the seven largest US shale formations to grow by around 75,000 barrels per day to an all-time high of 9.36 million bpd in March, with nearly half of that growth coming from the Permian Basin, where output is seen hitting a record 5.68 million bpd. Meanwhile, natural gas volume gains in Appalachia, the Permian and the Haynesville Shale will push total gas production from shale regions to a record 96.6 Bcf/d in March, a monthly increase of around 0.4 Bcf/d, the EIA forecast.
Chevron to drill new US Gulf wildcat amid growth plans
Chevron is doubling down on the US Gulf of Mexico, with...
Chevron is doubling down on the US Gulf of Mexico, with plans to spud a new exploration well east of its Ballymore discovery in the first half of the year. The company plans to boost production in the region to more than 300,000 barrels of oil equivalent per day by 2026 and has allocated more than one-fifth of its $11.5 billion upstream budget for 2023 to US Gulf projects.
