energy

Oil traders

Oil traders take advantage of volatile markets | OilPrice.com

Global commodity and oil traders play a crucial role in securing supplies amid a global energy crisis and disruption of trade flows following Russia’s invasion of Ukraine. Last week, the world’s largest oil and gas traders met in Singapore for one of the best conferences in their industry. The war in Ukraine has been a …

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Energy expert says California's windfall tax is a bad idea

Energy expert says California’s windfall tax is a bad idea

Find out what clicks on FoxBusiness.com California’s imposition of a windfall tax on oil companies would be damaging, according to an energy expert who spoke to FOX Business. California Democratic Governor Gavin Newsom on Friday called for a windfall tax to be levied on profits above a set amount for companies involved in oil extraction, …

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UK isolated as EU agrees windfall tax on energy companies

EU energy ministers have agreed to levy windfall taxes on energy companies’ profits and cut electricity consumption, but remain at odds over proposals to cap gas prices. Meeting in Brussels on Friday, the bloc’s 27 energy ministers endorsed proposals to levy a “solidarity levy” on fossil fuel producers who have benefited from soaring energy prices. …

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Russia Blows Up Gas Pipelines, Declaring All-Out Energy War It May Have Already Lost

Russia Blows Up Gas Pipelines, Declaring All-Out Energy War It May Have Already Lost

Jthere is perhaps no clearer sign of an enemy in retreat than scuttling his own ships, which Putin appears to have done on Monday by blowing up key Russian natural gas export pipelines towards Europe. Putin may be declaring all-out energy war by completely cutting off fossil fuel exports to the West, but by waiting …

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In the midst of an energy crisis, Germany turns to the dirtiest fossil fuel in the world

In the midst of an energy crisis, Germany turns to the dirtiest fossil fuel in the world

The chimney of the Evonik coal-fired power plant in Marl, Germany, on September 13. This coal-fired plant contributes to supplying a chemical park managed by Evonik. The park employs more than 10,000 people and the plant, which was due to close this year, will be open for at least a year to replace the natural …

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Stocks crash and rates rise.  It's painful, but we're heading back to normal.

Stocks crash and rates rise. It’s painful, but we’re heading back to normal.

Stocks and bonds fall. Housing has weakened. And I haven’t heard a word about non-fungible cartoon monkey tokens in maybe three months. Strategists are now turning their attention to some truly bizarre assets – two I spoke with last week recommended buying long-dated Treasuries. One also said he favors stocks of companies that generate money, …

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These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

Another tough week for US stocks ended with oil producer stocks falling and Ford Motor Co. falling on concerns about supply shortages. The S&P 500 SPX fell 1.7% on Friday for a 4.6% drop over the week as investors continued to worry about interest rate hikes from the Federal Reserve to temper inflation. Among the …

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EU watchdog proposes emergency brake for energy markets

EU watchdog proposes emergency brake for energy markets

Join now for FREE unlimited access to Reuters.com Register ESMA wants more control over energy markets Overwatch flags need more drastic changes Increase transparency in OTC and physical markets LONDON, Sept 22 (Reuters) – A temporary curb on gas and power derivatives when prices spike could improve the functioning of energy markets, the Union securities …

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