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Image for Russian rouble firms past 62 vs dollar, Yandex shares fall after EU sanctions

Investing

Russian Rouble Firms Past 62 vs Dollar, Yandex Shares Fall After EU Sanctions

Image for Stock markets jolted by Musk’s economy and jobs warning

Investing

Stock Markets Jolted by Musk’s Economy and Jobs Warning

Image for Oil edges higher as supply still seen tight after OPEC+ hike

Investing

Oil Edges Higher as Supply Still Seen Tight After Opec+ Hike

Image for Oil rises after U.S. crude drawdowns, supply tightness

Investing

Oil Rises After U.S. Crude Drawdowns, Supply Tightness

Image for European shares rise after two-day decline

European Shares Rise After Two-Day Decline

Date: June 2, 2022

By Susan Mathew and Bansari Mayur Kamdar (Reuters) -European shares bounced on Thursday, led by industrial and luxury names, with gains limited by lingering worries over slowing economic growth and rising prices. The pan-European STOXX 600 index rose 0.6% after losing nearly 2% over the last two sessions. Volumes are expected to be subdued as...

Image for Russia’s Novak warns of oil shortage in Europe due to import ban

Russia’s Novak Warns of Oil Shortage in Europe Due to Import Ban

Date: June 2, 2022

(Reuters) – European Union’s embargo on oil imports from Russia may result in significant shortages of oil and oil products in Europe, Russian Deputy Prime Minister Alexander Novak said on Thursday, also calling the cooperation with OPEC+ “effective”. Speaking on state TV, Novak also said that Russia will find ways to sell its oil to...

Image for OPEC+ brings forward oil output rises as Biden’s Saudi visit looms

Opec+ Brings Forward Oil Output Rises as Biden’s Saudi Visit Looms

Date: June 2, 2022

By Maha El Dahan, Rowena Edwards and Aziz El Yaakoubi DUBAI/LONDON/RIYADH (Reuters) -Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden. OPEC+ said it...

Image for Oil little changed after OPEC+ agrees to boost output

Oil Little Changed After Opec+ Agrees to Boost Output

Date: June 2, 2022

By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to raise output by 648,000 barrels...

Image for European shares rise after two-day decline, data in focus

European Shares Rise After Two-Day Decline, Data in Focus

Date: June 2, 2022

By Susan Mathew (Reuters) – European shares bounced on Thursday, led by industrial and luxury names, with gains limited by a slide in energy stocks and lingering worries over slowing economic growth. The pan-European STOXX 600 index rose 0.4% after losing nearly 2% over the last two sessions, with markets keeping a close watch on...

Image for Oil rises as EU to phase in Russian oil ban, Shanghai ends lockdown

Oil Rises as EU to Phase in Russian Oil Ban, Shanghai Ends Lockdown

Date: June 1, 2022

By David Gaffen NEW YORK (Reuters) -Oil prices rose on Wednesday after European Union leaders agreed to a phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market. Oil benchmarks have marched steadily higher for several weeks as Russian shipments are squeezed...