Energy services firm Halliburton has underlined...
Energy services firm Halliburton has underlined its commitment to the Permian Basin with the launch of a new Multi-Chem regional laboratory in the city of Odessa, Texas. The firm said the state-of-the-art facility is ideally located to offer its clients fast sample analysis for both regulatory compliance and operational efficiency.
The cost of things in China is at risk of decreasing, which is a nightmare scenario for the rest...
The cost of things in China is at risk of decreasing, which is a nightmare scenario for the rest of us. The central bank has cut interest rates to initiate growth as China hopes to avoid deflation. But if that fails, the global economy could be in trouble.
Annual U.S. retail inflation rate in June was lowest in more than two years
The numbers: U.S. consumer prices rose a modest 0.2% in June and the rate of inflation...
The numbers: U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to the lowest level since 2021, but recent progress might not be enough to stop the Federal Reserve from raising interest rates soon.
The increase in consumer prices last month was smaller than the 0.3% forecast of economists polled by the Wall Street Journal.
The yearly rate of inflation decelerated to 3% from 4% in the prior month. The last time inflation was this low was in March 2021.
The American Petroleum Institute (API) reported a 3.026 million...
The American Petroleum Institute (API) reported a 3.026 million barrel build in United States crude oil inventories after falling by 4.382 million barrels in the week prior. It is believed that analysts were expecting a much smaller build of 200,000 barrels in U.S. crude-oil inventories.
Distillate inventories rose by 2.908 million barrels, on top of the 604,000 barrel build in the week prior.
Inventories in Cushing, Oklahoma, fell by 2.150 barrels, after rising 289,000 barrels in the previous week.
