Hiring likely weakened in December amid resurgent virus
America’s employers likely cut back again on hiring last month — and might even have shed jobs — with the economy under pressure from a resurgent virus that has led Continue Reading
U.S. Unemployment Claims Remain Elevated While Consumer Demand Boosts Goods Imports
Workers continued to apply for unemployment aid at an elevated level at the end of 2020 and holiday-season demand for imported consumer products pushed the November trade deficit in goods to Continue Reading
As U.S. tops 4,000 deaths in a day, a record, Fauci warns that January will get harder.
Dr. Anthony S. Fauci, the top infectious disease expert in the United States, predicted on Thursday that the daily death toll from the coronavirus would continue to rise for weeks Continue Reading
Polar vortex conditions could form, potentially driving up US power, gas prices
US weather forecasters said there are indications that cold air outbreaks could begin during the third week of January while polar vortex conditions could develop, bringing Arctic air into the Continue Reading
Shale CEOs Urge Production Restraint
The new boss of Devon Energy said he won’t let this week’s rally in oil prices tempt him to return to the days of rampant production growth at any cost. Continue Reading
U.S. Drivers Paying Most at the Pump Since the Pandemic
U.S. retail gasoline prices are at their highest since the pandemic drove widespread lockdowns last March, according to auto club AAA. Thursday’s national price average of $2.29 a gallon is the Continue Reading
Brexit Creates Major Problem For UK Energy Companies
In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with excess reserves like Canada and those Continue Reading
Sweden’s distinctive Covid strategy nears an end as lockdown proposed
Sweden’s coronavirus strategy has always stood out from the crowd. That distinctive approach is now coming to an end. The government this week proposed an emergency law that would allow it Continue Reading
Crude oil futures rise on EIA data of large crude draw, Democrats clinch US Senate
Crude oil futures extended their overnight gains during mid-morning trade in Asia Jan. 7, as the oil market priced in a massive decline in crude inventories reported by the Energy Continue Reading
Oil gains with supply constraints in focus after Saudi cuts
Oil prices rose on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output over the next two months. Brent Continue Reading