Oil prices jump after U.S. crude, fuel stocks drop, dollar weakens

NEW YORK, Sept 28 (Reuters) – Oil prices rose for the second day on Wednesday, rebounding from recent losses as the U.S. dollar slowed its recent gains and U.S. fuel inventory figures showed larger than expected declines and a rebound in consumer demand. Brent crude futures settled down $3.05, or 3.5%, at $89.32 a barrel. … Read more

Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in … Read more

Sterling slides after BoE buys bonds, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – The pound fell against the dollar on Wednesday before paring losses after the Bank of England (BOE) said it would intervene to support the gilt market, and the The dollar index hit a new 20 Trading at a year high was volatile. The BOE said it would buy as … Read more

Philippines to open door to LNG imports next year with 3 terminals

The LNG carrier model is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Three LNG import terminals will be commissioned in early 2023 Three other projects planned to operate in 3 years Philippines taps into LNG as Malampaya gas field nears dry up MANILA, … Read more

Oil prices fall for a second day on concerns for expected recession

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register September 26 (Reuters) – Oil prices fell for the second day on Monday on fears of lower fuel demand due to an expected … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

A woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – The pound sterling fell to a record low on Monday as traders rushed for the exits on the belief that the new government’s economic plan would … Read more

Sterling collapses as investors fly into dollars

Join now for FREE unlimited access to Reuters.com Register The pound sterling hits a record high; risk of reaction from the BOE Euro down 1%; The Aussie, Kiwi and Yuan hit multi-year lows S&P 500 futures fall 0.6% SYDNEY, Sept 26 (Reuters) – The pound fell to a record high on Monday, sparking speculation of … Read more

How Texas’ abortion ban hurts Big Oil’s effort to transform its workforce

Hayley Hollands, a lawyer, and her husband Steve Beaman, an oil worker, who left Texas amid concerns over state laws, pose for a photo in Lone Tree, Colorado, USA, in this undated photo. Hayley Hollands/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register DENVER/HOUSTON, Sept 23 (Reuters) – As Texas officials scrambled … Read more

Buckingham Palace issues photo of Queen Elizabeth’s final resting place

King Charles III, Queen Consort, Princess Royal, Vice Admiral Sir Tim Laurence, Duke of York, Earl of Wessex, Countess of Wessex, Prince of Wales, Princess of Wales, Prince George , Princess Charlotte, the Duke of Sussex, Duchess of Sussex, Peter Phillips and the Earl of Snowdon follow behind the coffin of Queen Elizabeth II, at … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears … Read more