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OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can maintain its deep production cuts. OPEC and its allies, OPEC+, failed to reach a unanimous agreement Thursday on cuts, even after delaying the meeting by […]
American oil fields are gushing again. Only three years after U.S. oil production collapsed during the pandemic, energy companies are cranking out a record 13.2 million barrels a day, more than Russia or Saudi Arabia. The flow of oil has grown by roughly 800,000 barrels a day since early 2022 and analysts expect the industry […]
CNN — Cold weather is stretching across the US while parts of the East are getting walloped by lake-effect snow. This occurs when cold air blows over warmer lake water, picking up more moisture and often dumping large amounts of snow . . .
NEW YORK (AP) — It’s not just you. Across the U.S., prices at the pump have felt milder in recent months. Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross, spokesperson for motor club AAA, said Tuesday. As of Tuesday, the national average for […]
Consumer confidence index rises to 102.0 in November October index reading revised down to 99.1 from 102.6 Labor market differential up slightly to 23.9 from 23.8 Annual house price growth accelerates in September . . .
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights BENGALURU, Nov 28 (Reuters) – Indian . . .
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo Acquire Licensing Rights
This year, holiday spending from Black Friday to Cyber Monday may hit a record as consumers try to maximize the weekend’s deals. Stores try to tempt you with discounts, but these are not necessarily the best prices of the year, according to shopping experts. Here’s what not to buy on Black Friday and how to […]
Updated Nov. 16, 2023 5:54 pm ET The era of price hikes for consumer goods is waning. Sellers of everything from cargo pants to patio furniture resorted to raising prices on items to cover higher operating costs early in the pandemic. In many cases . . .
Word “Oil” and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights U . . .