Oil prices climb on prospects for tighter supply as demand rises By Reuters

© Reuters. FILE PHOTO: Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving … Read more

Cargoes of Russia’s flagship crude oil at sea climb to record high By Reuters

© Reuters. FILE PHOTO: The Russian vessel Tantal, an oil/chemical tanker, is seen at sea outside the far eastern city of Vladivostok, Russia October 9, 2017. Picture taken October 9, 2017. REUTERS/Stringer/File Photo HOUSTON (Reuters) – Some 62 million barrels of Russia’s flagship Urals , a record amount, are sitting in vessels at sea, data … Read more

JPM’s Kolanovic Says Stocks ‘Can Climb Out of This Hole’

(Bloomberg) — Marko Kolanovic is resolute that things can get better for U.S. stocks as the year progresses, even with the S&P 500 tumbling and bullish catalysts seeming rare these days. Most Read from Bloomberg “We can climb out of this hole,” Kolanovic, JPMorgan Chase & Co.’s co-head of global research, said in an interview … Read more

Mortgage rates climb to 5.30% after Fed rate hike

The 15-year fixed-rate mortgage, however, posted a slight week-over-week decrease, down to 4.48% from 4.52% a week ago and up from 2.26% a year ago. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.98% – two basis points higher than a week ago and up by more than a percentage point from last year’s 2.59% … Read more

There are mountains to climb: Air India CEO-designate Campbell Wilson

Campbell Wilson has termed his appointment as Air India CEO and MD as a fantastic opportunity to lead a historic airline and mentioned that there are “mountains to climb” in his new stint. Wilson is currently the Chief Executive Officer of the Singapore Airlines’ wholly-owned subsidiary Scoot Air. … Read more

Texas grid operator calls for power conservation as temperatures climb By Reuters

© Reuters. FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo/File Photo HOUSTON (Reuters) -The state of Texas’ power-grid operator on Friday called on residents to cut their electricity use this weekend after six generating plants fell offline in a heatwave. … Read more

Futures climb, Twitter slumps as Musk puts deal on hold

Breadcrumb Trail Links PMN Business Author of the article: Article content U.S. stock index futures rebounded on Friday at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold. Twitter Inc … Read more