U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration on Wednesday. Oil production…
Category: Business
U.S. private payrolls growth slows in August-ADP
U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which likely exaggerates the slowdown in the labor market as government data continues to point to…
U.S. airlines commit to providing meals, hotel rooms for extended delays they caused
Major U.S. airlines told the U.S. Transportation Department (USDOT) they will provide meals for customers delayed by three hours and hotel rooms for stranded passengers if prompted by issues under…
OPEC+ JTC sees slightly bigger surplus in oil market this year
The OPEC+ Joint Techinical Committee sees the oil market surplus this year reaching 900,000 barrels per day (bpd), up 100,000 bpd from its previous forecast, a report by the committee…
Gazprom head says ‘sanctions confusion’ means Siemens cannot service Nord Stream 1
Gazprom (GAZP.MM) Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy (ENR1n.DE) is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural…
Walmart Sam’s Club to hike membership fees for first time in years
Walmart Inc-owned (WMT.N) Sam's Club will raise its membership fees for the first time in at least nine years, the warehouse club chain said on Wednesday, as it seeks to…
Russian consumer prices dip for 8th straight week, make room for lower rates
Russian consumer prices extended their decline for the eighth week running, data showed on Wednesday, thanks to a seasonal drop in fruit and vegetable prices, sluggish consumer demand and the…