The threat of a Russian invasion of Ukraine is shaking up a fragile global oil market, pushing prices closer to $ 100 a barrel as traders calculate that supplies will struggle to cushion the effect from any significant disruption in Russian fossil fuel exports. Demand for oil has outpaced production growth as economies slowly rebound … Read more
US stocks and bond yields sank Friday, as growing tensions between Russia and Ukraine sent investors flocking to safer assets. All three major US stock indexes finished the day lower, capping another volatile week on Wall Street. Just days ago, it seemed possible that indexes would extend their weekly winning streak to three. But concurrent … Read more
Chevron Corp. CVX -3.46% had its most profitable year since 2014, reporting Friday that it earned $15.6 billion in net income in 2021, as commodity prices surged on the back of a global economic recovery. The US oil giant’s annual earnings were a dramatic turnaround from 2020, when Chevron lost $5.5 billion after the global … Read more