Goldman Sachs Group Inc. has lifted its U.S. inflation forecast and now sees the Federal Reserve lifting rates more than expected in 2023. The U.S. bank now forecasts the Fed’s Continue Reading
Inflation is now sitting at a four-decade high of 7.5%, but some fear it could get even worse. Russia’s push into Ukraine has forced Western allies to slap major economic Continue Reading
The United States sees nuclear energy as a key component in its net-zero ambitions. Despite an uncertain revenue outlook, the Department of Energy has announced it will be investing billions Continue Reading
Ukraine’s foreign minister urges full oil, gas embargo Calls of ‘if not now, when?’ growing louder: RBC’s Croft EIA to report latest US imports of Russian oil Feb. 28 Pressure Continue Reading
The text of a proposed nuclear deal between Iran and world powers, distributed by the European Union to negotiators, is in limbo while the head of Iran’s delegation consults with Continue Reading
For a brief period in the 2010s, high oil prices meant good news for the U.S. economy. Now, they are once again a threat to growth. With prices topping $100 Continue Reading
Oil companies led by Marathon Petroleum (MPC.N) and the United Steelworkers (USW) agreed to a new national contract on Friday for 30,000 U.S. workers in refineries, chemical plants, and pipelines, Continue Reading
The Biden administration’s sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included Continue Reading
The U.S. is seriously considering whether to seek Russia’s expulsion from the SWIFT financial messaging system over the Ukraine invasion as allies in Europe warm to the idea of imposing Continue Reading
In the coal fields of eastern Montana, climate change is forcing a stark choice: halt mining that helped build everything from schools to senior centers or risk astronomical future damage Continue Reading
