Oil prices rebound after opening the year with steep losses
Oil prices rebounded on Thursday after opening the year down more than 9%, the worst yearly start in over three decades, as investors took advantage of the decline to buy futures on expectations long-term fuel demand will remain steady.
Global economy 2023: how governments could make the energy crisis worse this year
By attempting to shield consumers from high prices, governments will only encourage consumption via lower prices, prolonging the energy crisis.
Stocks creep higher as inflation data offers hope ahead of Fed
European and Asian shares rose on Wednesday thanks to positive news about inflation and China's strict anti-COVID measures, while the dollar backpedalled as investors await minutes from the Federal Reserve's most recent meeting.
Oil falls again as concerns grow over global economy, China COVID cases
Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China's rising COVID cases.
Stock markets rally on New Year boost
Global stocks rallied Tuesday thanks to a New Year boost, which is clouded however by rising interest rates, recession worries and Russia's war on Ukraine.
Oil falls as outlook for China, global economy weigh
Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed.
European markets start New Year on high note
Investors were rocked last year by Russia's invasion of Ukraine in late February, soaring inflation and rising interest rates.
World, U.S. stocks suffer 2022 losses while dollar triumphs
World stocks were steady and U.S. stock index futures indicated a lower open on Wall Street on the last trading day of 2022, but equities are on course for a 20% drop over a year marred by high inflation and war in Europe.
Oil set to close higher in 2022, a turbulent year marked by tight supplies
Oil prices edged up on Friday and were on track to post a second straight annual gain, albeit a meagre one, in a year marked by tight supplies due to the Ukraine conflict, a strong dollar and weak demand from the world's top crude importer China.
Stocks wobble as China's Covid surge spooks investors
Stocks sank in Asia and wavered in Europe on Thursday, with sentiment clouded by China's Covid surge.
Stocks waver in end-of-year trading
Stock markets diverged on Wednesday as investors looked for a traditional "Santa Claus rally" to close the year.
Oil prices fall on worries about China COVID surge
Oil prices fell on Wednesday as concerns about an upsurge in COVID-19 cases in China, the world's top oil importer, outweighed expectations easing pandemic restrictions would lead to economic recovery and growth in demand for fuel.
Putin bans Russian oil exports to countries that implement price cap
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb.
Russia retaliates on oil price cap as eastern Ukraine sees heavy fighting
Russia retaliated on Tuesday against a price cap on its oil imposed by Western countries, while its forces were involved in heavy fighting around the eastern Ukrainian city of Bakhmut.
Markets rise after China ends travel quarantine
European and Asian markets advanced on Tuesday after China said it would end quarantines for overseas arrivals, spurring hopes for the revival of the world's second-largest economy.
Oil price cap may widen Russia's 2023 budget deficit, says FinMin
Russia's budget deficit could be wider than a planned 2% of GDP in 2023 as an oil price cap squeezes export income, Finance Minister Anton Siluanov said, an extra fiscal hurdle for Moscow as it spends heavily on its military activities in Ukraine.
Oil rises in thin trade on concerns over U.S. storm impact
Oil prices rose in light trade on Tuesday on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil.
Global stock rally fades as recession worries linger
A short-lived bounce for global stocks faded on Thursday, as easing U.S. inflation expectations were overshadowed by fears about an economic downturn.
Portugal approves windfall tax on energy firms, food retailers
Portugal's parliament on Tuesday approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near three-decade high.
U.S. poised to become net exporter of crude oil in 2023
The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.
EU reaches gas price cap agreement, angering Russia
EU countries are worried that they will have a hard time filling gas storage tanks in time for next winter.
Festivity on hold for stocks as rate hikes beckon
Asia's stockmarkets made a wobbly start to the final full trading week of 2022, with the prospect of interest rates rising further next year taking the edge off festive cheer.
Oil climbs on optimism over China's demand recovery
Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China's reopening and oil demand recovery outweighed concerns of a global recession.
Global stocks gain, dollar drops ahead of Fed rate decision
Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S.
Oil prices climb on uncertainty over keystone pipeline restart, Russian supplies
Oil prices rose more than 1% in early Asian trade on Monday as a key Canada-United States crude pipeline stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation against a Western price cap on Russian oil exports.
Oil prices bounced on Friday as closure of a major Canada-to-U.S.
Oil prices are set to post their biggest weekly drop in months, since traders expect it will be months before the benefits of China easing COVID controls feeds through to demand.
Explainer-Europe set to import banned Russian diesel without knowing
European motorists could find Russian diesel in their tanks even after bans take effect because regulators lack tools to trace the origin of fuel when it has passed through other countries.
Stocks fall as recession fears overshadow China reopening hope
Major stock markets suffered more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession.
Russian oil sanctions fuel boom for old tankers
The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude.
Russian oil price cap put to the test
The price cap on Russian oil agreed by the EU, G7 and Australia came into force on Monday. It aims to restrict Russia's revenue as punishment for its invasion of Ukraine, while making sure Moscow keeps supplying the global market.