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Forget oil prices. Watch the cost of bread

11:37pm, Wednesday, 09'th Mar 2022 CNN
Oil is but one plot point. Ukraine and Russia are both major players in the world''s supply of wheat, and combined, provide almost 30% of global wheat exports, according to one estimate. Here''s what one expert had to say about world food markets.

Analysis: Forget oil prices. Watch the cost of bread

11:37pm, Wednesday, 09'th Mar 2022 CNN
Oil is but one plot point. Ukraine and Russia are both major players in the world''s supply of wheat, and combined, provide almost 30% of global wheat exports, according to one estimate. Here''s what one expert had to say about world food markets.
Granholm: "We need oil and gas production to rise," "We are on a war footing," The Biden administration is trying to lower the oil price, and in turn gasoline prices to consumers. Granholm getting serious.
Any oil and gas company that can increase supply should do so quickly due to the growing energy crisis following Russia''s invasion of Ukraine, U.S. Energy Secretary Jennifer Granholm said on Wednesday.

Germany and Hungary oppose ban on Russian energy imports

11:01pm, Wednesday, 09'th Mar 2022 Budapost
A pro-government pundit, known for his highly opinionated comments, finds it natural that the German chancellor doesn’t want gas and oil imports from Russia to stop. He lambasts the left-wing Hungarian media, which regularly accuse PM Orbán of being subservient to Russia if he expresses similar views. In separate statements, both Prime Minister Viktor Orbán […]

Russia’s Invasion Leaves Global Coal Markets In Turmoil

11:00pm, Wednesday, 09'th Mar 2022 OilPrice com
Just as oil prices soared above $115 per barrel and European gas prices moved up to $60 per mmBtu, coal markets have been suffering through some turmoil of their own. Global coal prices surged some 30% in one week, primarily triggered by fears of Russia’s coal supply not hitting the market as several rounds of US/EU/UK sanctions made it complicated to arrange financial lines with Russian sellers. The Asian Newcastle benchmark futures contract rose to $440 per metric tonne, with Europe’s API2 March ’22 contract trading at the same…

Week Two of Russia’s war in Ukraine brings tighter sanctions | News

10:58pm, Wednesday, 09'th Mar 2022 State Of Press
The second week of the war in Ukraine has brought broader sanctions on Russia, as the United States stopped imports of Russian oil, the European Union laid down plans to drastically cut imports of Russian oil and gas and several companies pulled out of the Russian market. The effect of the sanctions was felt on …

Venezuela Government Releases 2 US Detainees

10:52pm, Wednesday, 09'th Mar 2022 Voice of America News
U.S. President Joe Biden says two U.S. citizens who were "wrongfully detained" by the Venezuelan government have been released, days after a delegation of senior U.S. officials visited the South American nation in an apparent effort to smooth relations between the two countries. In a statement posted to the White House website, Biden welcomed Gustavo Cardenas and Jorge Fernandez back home Tuesday following their release. The president said Cardenas, an executive with the U.S. branch of Venezuela''s state-run oil company, was arrested in 2017. Fernandez was arrested last year "on spurious charges." Biden expressed his gratitude to Roger Carstens, U.S. special envoy for hostage affairs, and to "our entire diplomatic team for their tireless efforts to secure their release and reunite these families." The release comes after Carstens joined National Security Council Senior Director for the Western Hemisphere Juan Gonzalez, and U.S. Ambassador to Venezuela James Story for talks Saturday with members of Venezuelan President Nicolas Maduro''s government.
Financial news analysis China’s ambitious economic growth target for the year is already being questioned by analysts just days after being announced as the country faces a spike in oil prices, continuous new COVID-19 outbreaks and lockdowns, and a growing financial crisis in its real estate and home development sectors. Economists at Goldman Sachs predict […]

Fears Australian Petrol Prices Will Remain Sky High

10:21pm, Wednesday, 09'th Mar 2022 The Epoch Times
One of Australia’s top insurance companies has warned petrol prices may remain at unprecedented levels throughout the duration of Russia’s invasion of Ukraine. NRMA spokesman Peter Khoury said many Australians could expect to pay staggeringly high prices of more than $2 per litre (US$5.51 per gallon) when at the pump. “In Australia, most capital cities […]

Senator Warren Wants ‘’Windfall Tax’’ On Oil Profits

10:20pm, Wednesday, 09'th Mar 2022 OilPrice com
As prices at the pump continue to rise for Americans, and as U.S. President Joe Biden warns oil and gas companies about price-gouging to take advantage of profits from the fallout of the Russia-Ukraine war, Senator Elizabeth Warren reveals she is gearing up to propose a new windfall tax on oil profits. “Big Oil’s first priority is to maximize profits,” Warren said in a Tweet on Wednesday. “We can’t let them use Putin’s invasion as an excuse to pad their bottom line with war-fueled profits.” Warren said…

The Rotation Of The Algorithms Of Trading Firms

10:19pm, Wednesday, 09'th Mar 2022 ValueWalk
In his Daily Market Notes report to investors, while commenting on the algorithms of trading firms, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more Washing Machine Forever We are in a very rotational market right now. The energy stocks are getting hit in the last couple days, but oil is still at $117 a barrel, […]

Why Now Is the Time to Buy Lithium Stocks

10:13pm, Wednesday, 09'th Mar 2022 The Motley Fool Canada
With the Ukraine crisis continuing, sanctions on oil and gas sent prices soaring. That''s why lithium stocks seem like a solid place to start investing. The post Why Now Is the Time to Buy Lithium Stocks appeared first on The Motley Fool Canada .
No stock market follow-through day — here''s why that''s good news. Crude oil prices dived ahead of a key inflation report.

Saudi Arabia, UAE reject calls from Biden to discuss oil prices

10:07pm, Wednesday, 09'th Mar 2022 True News Hub
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