LONDON—Oil fell for a second day on Tuesday as upbeat Chinese economic data failed to deflect the focus from a possible increase to U.S. interest rates and wider concern about the growth outlook. Crude prices were also pressured by the Iraq federal government and Kurdistan Regional Government (KRG) taking a step towards a resumption in…
Oil Slips on Economy Worries, Despite China Growth Data
April 18, 2023
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Stock Market Today: Shares Mixed Following China Growth Data
April 18, 2023
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TOKYO—Global shares were mixed Tuesday as pessimism over economic and political uncertainties remained even as China reported better-than-expected growth data. France’s CAC 40 added 0.3 percent in early trading to 7,517.90. Germany’s DAX rose nearly 0.1 percent to 15,804.68. Britain’s FTSE 100 added 0.2 percent to 7,897.45. U.S. shares were set to drift higher with…
Energy Operator Runs From Farmers Protest Over Controversial Powerline Projects
The Australian Energy Market Operator (AEMO) has stood by its decision to be absent from a meeting in Western Victoria, where residents and farmers protested power lines being built on local farms. The meeting came after a convoy of tractors and utes rolled into the streets of St Arnaud on Monday to fight against the VNI-West…
House Republicans Tout Record During First 100 Days
April 17, 2023
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House Republican leaders showcased their message discipline on April 17, and made their decision to reopen the U.S. Capitol a touchstone of their record during the first 100 days of the 118th Congress. “In our first 100 days, House Republicans not only reopened the House, as our speaker talked about—the People’s House, by the way,…
ANALYSIS: US Power Generation Declines as Electric Demand Increases
When you charge a phone, turn on a television, or plug-in an electric vehicle, think of coal, gas, and nuclear; the three major fuels generating the power at your fingertips. Consumers are told electricity is cleaner, and government regulations are forcing a transition into electric stoves, electric heating, and electric cars. Just 5.8 percent of…
IN-DEPTH: Biden’s EV Plan Could Be Key to China’s Global Economic Dominance
April 17, 2023
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The Environmental Protection Agency’s (EPA) “strongest-ever” vehicle emissions standards designed to drive mass adoption of electric cars within a decade will increase the United States’ dependence on China, experts warn. “It benefits the Chinese Communist Party because they control the critical minerals supply chain that is going to be necessary to build out the batteries…
Decarbonization Campaign Will Raise Flight Costs for Consumers, European Air Travel Experts Warn
April 17, 2023
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Commercial aviation industry members in Europe are expecting the costs of air travel to rise amid a campaign to transition away from fossil fuels. European airline industry members are aiming to reach net-zero aviation carbon emissions over the next 27 years as part of a plan called Destination 2050. The carbon-reduction effort is largely centered…
Hunt Says Biden’s Green Energy Policies Will Send World Into Economic ‘Dark Ages’
The UK’s Chancellor of the Exchequer, Jeremy Hunt, has criticised U.S. President Joe Biden’s green energy policies and said they risk pushing the world economy into the “dark ages.” Biden approved a $369 billion package of subsidies for U.S. climate and energy businesses, but Hunt said it could lead to other countries putting up trade…
OPEC Cuts May Lead to a World Crisis
Commentary The world is facing a precarious moment in the oil market. The recent decision by OPEC+ to extend production cuts has raised concerns about the potential impact on the global economy. While the move may benefit oil producers in the short term, it may be a misguided action that could also have unintended consequences…
Oil Steady as Market Awaits Chinese GDP Data
April 17, 2023
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LONDON—Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world’s second-largest oil consumer. Brent crude futures were down 13 cents to $86.18 a barrel at 1018 GMT, while U.S. West Texas Intermediate crude was at $82.33 a barrel, down 19 cents. Both contracts notched their…
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