Shale Is Keeping the World Awash With Oil as Conflicts Abound

[ad_1] Updated Jan. 1, 2024 12:05 am ET A surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of…

Meet America’s Newest Oil-Trader Extraordinaire: Joe Biden

[ad_1] Updated Dec. 31, 2023 2:36 pm ET Head of state. Commander in chief. Oil-trading whale? President Biden’s unprecedented release of oil from the U.S. petroleum reserves in 2022 turned…

Meet America’s Newest Oil Trader Extraordinaire: Joe Biden

[ad_1] Head of state. Commander in chief. Oil-trading whale? President Biden’s unprecedented release of oil from America’s petroleum reserves in 2022 turned the White House into an unusually active player…

Why Oil Prices Never Surged to $100 This Year

[ad_1] Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year. A year ago, Wall Street analysts were predicting…

The Fed Alone Can’t Make Gold Sparkle in 2024

[ad_1] On the fifth day of Christmas my true love sent to me: five gold rings, which turned out to be much more expensive than a year ago. The key…

Stocks Rise to Start Last Trading Week of Year

[ad_1] Major indexes advanced to start the holiday-shortened trading week, with stocks looking to close out a positive year after a bruising 2022. The benchmark S&P 500 gained 0.4% Tuesday,…

Wheat prices surge after Russia ends grain deal. And it’s not good news for the world’s food supply

[ad_1] The agreement, which was brokered by Turkey and the United Nations in July of last year following Moscow’s full-scale invasion of Ukraine, was a rare diplomatic breakthrough designed to…

OPEC Is Losing Its Mojo on Wall Street

[ad_1] Throttling back on oil production hasn’t helped OPEC and its allies to push up crude prices lately. At least four times in the past 15 months, members of the…

Nippon Steel to Acquire U.S. Steel for $14.1 Billion

[ad_1] Updated Dec. 18, 2023 7:37 am ET U.S. Steel agreed to be acquired by Nippon Steel in a $14.1 billion deal that would combine two steel giants in America…

OPEC Leaves Global Oil-Demand Views Unchanged

[ad_1] The Organization of the Petroleum Exporting Countries left its expectations for global oil demand unchanged for this year and next and raised its 2023 global economic growth forecast, against…