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Tag: Markets

Oil output policy in focus as omicron rattles markets

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria.Ramzi Boudina | ReutersA group of some of the world's most powerful oil producers is meeting Wednesday to discuss how much...

IEA chief criticizes artificial tightness in energy markets

Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California.Jonathan Alcorn | ReutersThe head of the world's leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices,...

The Current State of the Economy & Markets

Let’s do a quick rundown of the current state of the markets and the economy. GDP is at all-time highs: The U.S. stock market all-time highs: Housing prices are at all-time highs: Retail sales are at all-time highs: The net worth of American households is at all-time highs: People...

Energy markets may see more supply crunches as demand grows: Dan Yergin

There's a disconnect in the energy market, and it could lead to future supply shortages, Daniel Yergin, vice chairman of IHS Markit, told CNBC.International oil companies are under pressure to cut investments in traditional energy production at a time when demand for oil...