US Oil Exports to Europe Now Exceed Shipments to Asia Amid Ukraine War
From January to May, the US exported 213.1 million barrels of crude to Europe and 191.1 million barrels to Asia.
Source: businessinsider.com
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Europe May Have to Ration Energy As Vladimir Putin Weaponizes Supplies
"I think we will be facing a really tough winter in Europe," said Shell CEO Ben van Beurden.
Source: businessinsider.com
Russian Oil Arrives in Cuba As Moscow Finds Alternative Buyers
The tanker's cargo of 700,000 barrels of Russian oil is worth roughly $70 million at the current market price.
Source: businessinsider.com
Marijuana Stocks Soar on Report of Senate Decriminalization Bill
Shares of Tilray Brands jumped as much as 20%, while Aurora Cannabis spiked 10%, and Canopy Growth climbed 7%.
Chuck Schumer Ron Wydend Oregon Cannabis Administration Senate Republicans Terms Of Service Senate Democrats
Source: businessinsider.com
High Fuel Prices Hit Demand Hard and Oil Is 'Walking a Tightrope': IEA
"As an EU embargo on Russian oil is set to come into full force at the end of the year, the oil market may tighten once again."
Source: businessinsider.com
Germans Could Use Wood Without Russian Gas This Winter: Deutsche Bank
Deutsche Bank expects gas demand to be 10% lower this year compared to 2021. The bank said wood could supplement gas as a heating source.
Source: businessinsider.com
The IMF to Downgrade Growth Projections Again Ahead of G20 Meeting
World leaders need to unite and foster closer ties to boost global economic growth, the IMF's Kristalina Georgieva said in a blog Wednesday.
Kristalina Georgieva International Monetary Fund Wall Street Mi Exclusive International Monetary Fund Rian Evans
Source: businessinsider.com
Stock Market Outlook: Equities Top Bonds 'Any Day of the Week'
"I'd rather be in a common stock than I would be in a bond any day of the week, given the relative price of bonds versus equities."
Source: businessinsider.com
Oil Price Outlook: OPEC Sees Global Demand in 2023 Outpacing Supplies
OPEC member countries are already struggling to keep pace with demand, with pressure ramping up next year.
Source: businessinsider.com
BYD Stock Price Sinks on Fears Warren Buffett May Dump EV Maker Stake
About 225 million shares of BYD appeared in the Hong Kong stock exchange clearing system, matching Berkshire Hathaway's position.
Source: businessinsider.com