A clever little term is being bantered about on social media this tax season to describe how tax preparers might break the bad news to clients: Congratudolences. It’s a word you might offer, according to the Urban Dictionary, to a co-worker who has accepted a job promotion that is a mixed blessing. Say something that […]
The European Union seems to be warming to the idea of direct sanctions on Russia’s energy industry, slapping a ban on imports of coal for starters. The United States is releasing 180 million barrels of crude, and several IEA members are releasing another 60+ million barrels. And Saudi Arabia just hiked its prices for all buyers. Much higher oil prices may be around the corner. […]
The OPEC+ meeting has concluded that no change in production plans is needed, agreeing to lift the group’s production by another 432,000 barrels per day starting in May. The 32,000 bpd above the originally agreed to 400,000 bpd is due to shifting baselines of five of its members. Saudi Arabia’s production quota has been lifted […]
The gas is helium. The gas that is critical for everything from supercomputing and space travel to MRIs and medical and scientific research was facing a supply shortage even before Russia launched a war on Ukraine. Now, the supply squeeze is on war-footing, and some investors are on the lookout for a North American supplier that […]
There’s no doubt that consumer prices are on the rise. But just how much depends on what data you’re referencing. The personal consumption expenditures (PCE) price index—which is the preferred inflation barometer for the Federal Reserve—released Tuesday confirms that prices are growing at the fastest rate in four decades. The cost of goods and services bought by […]
The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday. The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian […]
Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as a vital Black Sea terminal may be disrupted for weeks following storm damage. Overnight, Reuters reported that Russian and Kazakhstan oil exports via the Caspian Pipeline Consortium (CPC) from the Black Sea may (read: will, now that all commodities […]
Residential rental properties have been the most common investment option for most people wanting to build wealth through real estate investing. A modest savings account could cover the down payment on a single-family home in many parts of the country, and an ambitious investor could scale that first purchase into a multi-million dollar portfolio. Institutional […]
The cost of going to study at college in the United States seems to be getting pricier with each year that passes, with the average amount paid for tuition, fees, room and board for an in-state student in the 2021-22 school year being 27,650 dollars, compared to 15,180 dollars back in 2016. However, there are ways of bringing this […]
Crude oil prices continued up today after the Energy Information Administration reported a crude oil inventory draw of 2.5 million barrels for the week to March 18. This compared with a build of 4.3 million barrels for the previous week, which temporarily arrested the latest oil price rally. In gasoline, the authority reported an inventory draw of 2.9 million […]
