New Energy Forecast Points to Cheaper Oil—and Gasoline
The IEA says oil demand is likely to top out around 106 million barrels per day by the end of the decade, while production capacity could be as high as 114 million barrels.
The IEA says oil demand is likely to top out around 106 million barrels per day by the end of the decade, while production capacity could be as high as 114 million barrels.
(Bloomberg) -- US West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific. Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverJain Global Raises $5.3 Billion, Secures Cash From Abu DhabiBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Nvidia Sales Grow So Fast That Wall Street Can’t Keep UpTech Hits Stocks as Nvidia Extends
"I spent my entire day inside a Starbucks applying for other jobs, went home, and got paid, but I never returned."
Toyota is recalling about 145,000 vehicles due to an airbag problem, the automaker said last week. Here's which models are affected.
(Bloomberg) -- In many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenPaul Singer Is Pitching Wall Street's O
Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...
A group of eight migrant workers from Mexico has been awarded a total of more than $23,000 in lost compensation from a seafood company based in southwest Nova Scotia.In a decision from the Nova Scotia Labour Board released on June 14, chair Jasmine Walsh ordered Lower Wedgeport-based Ocean Pride Fisheries Ltd. to compensate the workers for deductions from their wages, missing hours, and pay that should have been provided in lieu of notice of termination.The workers first filed complaints in Sept
The chip maker looks to have been hit by fears over a potentially stretched valuation and news that CEO Jensen Huang has been selling stock through a trading plan.
Hit with Chinese tariffs, Australia's wine industry struggled to offset the impact of falling exports despite scrambling to build new markets, source grapes from elsewhere and seek government help, industry executives said. Though the EU's winemakers are not part of the current spat, its pork and brandy sectors fear they could be hit with retaliatory measures from Beijing after the bloc imposed tariffs of up to 38% on Chinese-made electric vehicles. The first tariffs on wine were introduced in November 2020.
Retirement should be a time of rest, relaxation, and enjoyment. It shouldn't be a time to worry about your finances. If you're looking for the former, proper and proactive retirement planning from a...
Those in the 10-year countdown to retirement reported a median savings of $47,950.
CALGARY — The regulator responsible for overseeing Alberta's oil and gas sector has released a new report projecting the province's oilsands production will grow by more than 17 per cent by 2033.
(Bloomberg) -- Lithium industry watchers hoping the battery metal was poised to rebound from an epic slump have been hit by the realization prices have fallen again this month, with inventories piling up as electric vehicle demand signals stay gloomy.Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverNvidia Sales Grow So Fast That Wall Street Can’t Keep UpJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018Tech Keeps a Lid on US Stocks as Nvidia Tumble
Amidst a mixed performance in the U.S. stock market, where technological advancements and regulatory challenges shape the landscape, investors continue to seek stable returns through dividend stocks. Understanding what constitutes a resilient dividend stock is crucial in this dynamic environment, emphasizing not just historical payouts but also the company's ability to sustain and grow these dividends against current market volatilities.
(Bloomberg) -- Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenPaul Singer Is Pitching Wall St
Canada accused China of "anticompetitive practices" as it announced it is set to launch a public consultation exploring potential tariffs on Chinese electric vehicles (EVs), similar to that carried out by the US government. The month-long drive to solicit public opinion, which starts on July 2, will pave the way for policies to protect workers in Canada's automotive industry and its growing EV businesses from unfair trade practices, the Department of Finance said in a statement. At present, no C
(Bloomberg) -- Ganfeng Lithium has filed an international arbitration case against Mexico after the Latin American nation canceled a potential mining project valued at more than $1 billion.Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Maybe ForeverWikileaks’ Julian Assange to Plead Guilty
A CDK Global system outage has affected nearly every aspect of the Mazda dealership in Seekonk, Massachusetts, where Ryan Callahan is general sales manager. He says it won’t be a simple fix.
The European Union is insufficiently prepared to weather a future gas crisis despite introducing a raft of measures to end its dependence on Russian energy, the European Court of Auditors said on Monday. Europe's energy supply was upended in 2022 when former top gas supplier Russia invaded Ukraine and slashed fuel deliveries, prompting the EU to introduce emergency policies to fill gas storage, reduce gas use, and jointly buy gas. Europe managed to avoid a major gas shortage during the crisis, but it is unclear how much of that can be credited to EU policies versus other factors like mild winter weather and high prices causing industries to use less gas, the ECA said in a report on Monday.
WASHINGTON (AP) — The Supreme Court agreed on Monday to consider reviving a critical approval for a railroad project that would carry crude oil and boost fossil fuel production in rural eastern Utah.
Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil consuming nation. Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. The American Petroleum Institute (API) reported U.S. crude oil stocks rose by 914,000 barrels in the week ended June 21, according to market sources briefed on the data.