Massive Oil Refinery On Track To Shut Down Amid Fuel Supply Shortages, Record Prices
Massive Oil Refinery On Track To Shut Down Amid Fuel Supply Shortages, Record Prices Thomas Catenacci on June 7, 2022 UPDATE: This article has been …
Prices
Turkish 5-yr CDS jump, bond prices under pressure
NEW YORK – The cost to ensure exposure to Turkey’s sovereign debt jumped on Tuesday and Turkey’s dollar-denominated bond prices fell a day after President …
IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar
By Rachel Savage LONDON – The IMF said on Tuesday governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than …
Toronto new condo demand cools but prices seen firm as developers delay launches
By Nichola Saminather TORONTO – Demand for pre-construction condominiums across Toronto has started to soften with rising interest rates, but market- watchers say developers are …
Gas Prices Surge 26 Cents in One Week Across New Jersey to Over $5 Per Gallon in Some Places
TOMS RIVER, NJ – Shore-bound traffic during the weekend after Memorial Day weekend was light. People across the Garden State are now driving fewer miles …
GOP Climate Group Targets Global Carbon Emissions Amid Record Gas Prices
GOP Climate Group Targets Global Carbon Emissions Amid Record Gas Prices Thomas Catenacci on June 2, 2022 A coalition of House Republicans tasked with crafting …
Record Chinese wheat prices raise risk of pricier noodles
BEIJING – Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in …
Zara owner Inditex set to benefit from higher prices
By Corina Pons MADRID – Fashion giant Zara’s owner Inditex is expected to report bumper first-quarter earnings next week, benefiting from raising prices more than …
Biden Admin Gives Big Handout To Solar, Wind Projects As Gas Prices Soar
Biden Admin Gives Big Handout To Solar, Wind Projects As Gas Prices Soar Thomas Catenacci on June 1, 2022 The Biden administration unveiled a policy Tuesday …
GM to cut prices on EV Chevrolet Bolt up to 18 percent
(Reuters) – General Motors Co on Wednesday said it will sharply cut prices on its electric Chevrolet Bolt after the Detroit automaker had halted sales …
Australia home prices fall as Sydney, Melbourne lurch lower
By Wayne Cole SYDNEY – Australian home prices broke a 20-month winning streak in May as falls accelerated in Sydney and Melbourne amid rising interest …
Oil, Fuel Prices Skyrocket After EU Rolls Out Russian Ban
Oil, Fuel Prices Skyrocket After EU Rolls Out Russian Ban Thomas Catenacci on May 31, 2022 Global oil and fuel prices surged after the European …
Biden Conveniently Forgets To Mention Oil, Gas Production In His Plan To Address Energy Prices
Biden Conveniently Forgets To Mention Oil, Gas Production In His Plan To Address Energy Prices Thomas Catenacci on May 31, 2022 President Joe Biden neglected …
Gas Buddy Says Gas Prices Could Go Above $5 Per Gallon Very Soon Nationwide
With Memorial Day behind us, GasBuddy, a nationwide gasoline price tracking service says Americans can soon expect to see gas prices rise above $5 at …
Bulgaria’s producer prices up 4.1% m/m in April
SOFIA – Bulgaria’s producer prices rose by 4.1% on a monthly basis in April after a 4.3% increase a month earlier, the statistics office data …
German April import prices surge 31.7%
BERLIN – Driven by climbing energy prices, German import prices surged 31.7% in April compared to last year’s period, the strongest increase since September 1974, …
Foreign demand to keep Dubai property prices on steady upward course- Reuters poll
By Md Manzer Hussain BENGALURU – Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign …
U.S., European thirst for fuel sends physical oil prices soaring
By Noah Browning and Alex Lawler LONDON – Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff …
Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof
Every Time Biden Drained Strategic Oil Reserves, Prices Ended Up Higher. Here’s The Proof Thomas Catenacci on May 29, 2022 President Joe Biden has raided …
Biden’s Energy Sec Claims He Is ‘Obsessed’ With Lowering Gas Prices. So Why Do Prices Keep Going Up?
Biden’s Energy Sec Claims He Is ‘Obsessed’ With Lowering Gas Prices. So Why Do Prices Keep Going Up? Thomas Catenacci on May 26, 2022 Energy …
‘Like A Roller Coaster’: Natural Gas Prices Surge, Inventories Drained Following Biden’s EU Deal
‘Like A Roller Coaster’: Natural Gas Prices Surge, Inventories Drained Following Biden’s EU Deal Thomas Catenacci on May 26, 2022 U.S. natural gas prices have …
Hong Kong home prices reverse 3-month drop to climb 0.5% in April
HONG KONG – Hong Kong private home prices reversed a three-month decline in April, the latest official data showed on Friday, as the financial hub …
New Zealand house prices to sink 9.0% this year, another 2% in 2023: Reuters poll
By Vivek Mishra BENGALURU – New Zealand’s house prices are forecast to sink 9.0% this year as aggressive interest rate hikes take some heat out …
Pakistan hikes fuel prices to unlock IMF funding
By Gibran Naiyyar Peshimam and Asif Shahzad KARACHI, Pakistan -Pakistan on Thursday announced it will hike fuel prices so that it can resume receiving aid …
CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices?
CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices? Thomas Catenacci on May 25, 2022 The Biden …
Japan’s corporate service prices rise at fastest pace in over 2 years
TOKYO – An index measuring prices Japanese firms charge each other for services rose in April at the fastest annual pace in more than two …
Countries Are Hoarding Food Supplies As Prices Spike, Hunger Crisis Looms
Countries Are Hoarding Food Supplies As Prices Spike, Hunger Crisis Looms Laurel Duggan on May 25, 2022 Countries are imposing export restrictions on food in …
Sri Lanka hikes fuel prices, encourages people to work from home
COLOMBO – Sri Lanka hiked petrol prices by 20%-24% on Tuesday and also increased diesel prices by 35%-38%, Power and Energy Minister Kanchana Wijesekera said. …
Top anti-inflation official in Argentina resigns as prices surge
BUENOS AIRES – A senior official in Argentina charged with leading government efforts to tame sky-high inflation resigned on Monday due to differences over how …
Greece gets EU’s initial nod to cap power prices – minister
ATHENS – Greece said on Monday the European Commission has initially approved its scheme to set a ceiling on wholesale electricity prices and mitigate the …
Gas Prices Nearing $5 Per Gallon in New Jersey
TOMS RIVER, NJ – Gas prices across the Jersey Shore edged higher this weekend, and while in some places along the shore, prices reached $5 …
Britain’s Nationwide warns inflation surge could dent house prices
By Lawrence White and Iain Withers LONDON – Nationwide Building Society said on Friday rocketing inflation could send British house prices into reverse, in one …
U.S. existing home sales fall for third straight month; house prices at record high
WASHINGTON – U.S. existing home sales dropped to the lowest level in nearly two years in April as house prices jumped to a record high …
US Will Soon See Average Gas Prices Above $6 A Gallon, Energy Analyst Says
US Will Soon See Average Gas Prices Above $6 A Gallon, Energy Analyst Says Thomas Catenacci on May 18, 2022 The average price of gasoline …
Why Indonesia’s palm oil export ban has not cooled cooking oil prices
By Bernadette Christina and Fransiska Nangoy (Reuters) – Indonesia, the world’s biggest palm oil exporter, has since April 28 halted shipments of the edible oil …
U.S. online prices dropped, spending slowed in April – Adobe
By Howard Schneider (Reuters) – Online prices fell 0.5% in April and U.S. consumers pulled back on electronic commerce, possibly reflecting a change in consumer …
Biden Cancels More Oil And Gas Leases As Fuel Prices Skyrocket
Biden Cancels More Oil And Gas Leases As Fuel Prices Skyrocket Thomas Catenacci on May 12, 2022 The Biden administration canceled all three remaining offshore …
‘The Strength That We’ve Built Is Inflation’: Biden Attempts To Explain Plan To Address Rising Prices
‘The Strength That We’ve Built Is Inflation’: Biden Attempts To Explain Plan To Address Rising Prices Laurel Duggan on May 10, 2022 President Joe Biden …
Fuel Prices Hit Record Highs After Biden Promised To Lower Costs
Fuel Prices Hit Record Highs After Biden Promised To Lower Costs Thomas Catenacci on May 10, 2022 The average price of gasoline in the U.S. …
New Ad Claims Biden Can Cut Gas Prices By 30 Cents Per Gallon ‘With The Stroke Of A Pen’
New Ad Claims Biden Can Cut Gas Prices By 30 Cents Per Gallon ‘With The Stroke Of A Pen’ Thomas Catenacci on May 9, 2022 …
Chile consumer prices up by higher-than-expected 1.4% in April
SANTIAGO – Chile’s consumer prices rose 1.4% in April boosted by rising costs in food and non-alcoholic beverages, the government’s statistics agency said on Friday. …
Food prices ease slightly in April after record surge, U.N. agency says
ROME – World food prices eased slightly in April after hitting a record high in March, but global food security remained a concern because of …
U.S. fuel prices surge faster than crude as exports tighten market
By Stephanie Kelly NEW YORK – U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has …
Tokyo consumer prices rise at fastest pace in 7 years
By Yoshifumi Takemoto and Kantaro Komiya TOKYO – Core consumer prices in Tokyo, considered a leading indicator of Japanese price trends, rose 1.9% in April …
Gas Prices on the Rise Again in New Jersey, Diesel Soars to New Records
Toms River, NJ – Gas prices across New Jersey are back on the rise with some stations in the Jersey Shore area charging as much …
U.S. service sector slows; input prices measure at record high – ISM survey
WASHINGTON – U.S. services industry growth unexpectedly slowed in April, with employment contracting for the second time this year, while a measure of input prices …
Plumbing supplier Geberit to hike prices again as costs rise
By John Revill ZURICH -Geberit will raise prices again this year as it tackles “an unprecedented surge” in raw materials costs hitting the construction industry, …
Biden Admin Silent On The Fate Of Major Natural Gas Pipeline As Energy Prices Soar
Biden Admin Silent On The Fate Of Major Natural Gas Pipeline As Energy Prices Soar Thomas Catenacci on May 3, 2022 The Biden administration has …
UK shop prices rise at fastest rate since 2011 – BRC
LONDON – Shop prices in Britain surged last month at the fastest rate in more than a decade and worse is to come, according to …
No let off to oil prices as Russia barrels disappear from market – BP CEO
LONDON – BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western …