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January payroll gains and wage growth point to economic vigor but fuel further inflation concerns. Plus, market newsletter commentary on higher oil prices, small-caps allure, high-quality stocks, and the yield curves message.

While everyone is criticizing Russia, it’s easy to follow the US ‘savior’ narrative. However, what if we looked at what’s happening with oil in mind?

As international crude oil prices rally to above $92 per barrel, U.S. gasoline prices continue to surge and hit the highest since September 2014 on Friday, when the national average price of a gallon of regular gasoline was $3.423, AAA data showed. Gasoline prices in America continued to rise for a sixth straight week, after last week the national average was $3.366 a gallon on January 31. On February 4, the average price in every state in the United States was above $3 per gallon, including in Texas, Mississippi, Arkansas, and Alabama, which traditionally

The growth of the economy post-COVID-19 is a vital policy focus for the government and policy planners. Diversifying the economy from oil and gas to other sectors can drive sustainable growth, increase revenue sources and create job opportunities for youths have been the top agenda for successive governments in Nigeria. The unique and multi-cultural structure []

WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday. Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply disruptions and continue to inflate oil prices for the seventh consecutive week, when the price advanced over $20 or nearly [] The post WTI Oil Rally for the Seventh Straight Week on Geopolitical Tensions and Supply Fears appeared first on Action Forex .

An increase in oil prices is unlikely to see hydrocarbon-exporting nations ratings return to pre-2015 levels, said S&P Global Ratings in a report Thursday, amid a surge in oil prices this year.

SEOUL, Feb. 4 (Xinhua) -- South Korea''s headline inflation topped 3 percent for four straight months in January due to a higher price for farm goods and oil products, statistical office data showed Friday. The consumer price index (CPI) stood at 104.69 in January, up 3.6 percent from a year earlier, according to Statistics Korea. The consumer price inflation hovered above 3 percent for the fourth consecut

The oil sector is likely to witness further contraction as escalating theft and underinvestment have become a clog in the wheel of progress of the industry. Experts lament the oil theft phenomenon that has assumed huge and dangerous proportion, is a major disincentive to investment in the oil and gas sector. In 2021, the country []

OPEC+ broke a record this week. On Wednesday, the oil cartel booked the fastest meeting since its creation, at a total of 16 minutes. This was enough for member countries to agree to keep their current arrangement of adding 400,000 bpd to their combined oil production every month. The outcome of the meeting surprised no one, unlike previous OPEC meetings when there was tense anticipation until the very end. This is no longer the case. This is mostly because of the last few monthly production reports of OPEC and its partners. According to them,…

Crude oil prices reached $90 per barrel for the first time since 2014 on Thursday afternoon.

What a day for oil

Trinity Spirit had ten crewmen aboard and was capable of storing two million barrels of oil Oil production ship Trinity Spirit sank off the coast of Nigeria after an explosion in the early hours of Wednesday. A video of the vessel bursting into flames was captured and posted to social media. The explosion happened at the Ukpokiti oil field near the Escravos terminal off Nigeria''s coast.

Abu Dhabi’s state-owned oil and gas company announced on Thursday the discovery of between 1.5 to 2 trillion standard cubic feet of gas in an offshore area located in the emirate’s northwest. The discovery comes as Gulf Arab states continue to rely heavily on profits from oil and gas exports, despite rising global temperatures and … The post UAE: ADNOC announces new offshore gas field appeared first on Gulf Insider .

Shell has joined the ranks of other Big Oil majors who reported supersized profits on higher oil and gas prices, reporting $6.4 billion in net income for the final quarter of 2021. Earnings for the full year soared to $19.29 billion, up from $4.8 billion for 2020, Shell said. Shell also boasted a reduction in net debt, by $23 billion to $52.6 billion during the reporting period. Earlier data from Shell released last month revealed that oil trading had slowed down during the fourth quarter of 2021, but gas trading flourished amid the surge in demand…

Britain''s main opposition Labour Party called on the government last month to introduce a windfall tax on oil and gas in the face of soaring energy costs.