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Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting their own barrels at market
Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund
The second such transfer comes amid high oil prices and as the kingdom seeks to diversify its economy away from oil. Source link
Bank Failures Rattle Market for Short-Term Lending
The underpinnings of the financial system and corporate funding for companies including Duke Energy are still thawing after last month’s banking crisis. Source link
Stocks Slide Even as Big Banks Rally
Earnings season kicked up a gear with reports from several banks including JPMorgan, which posted record revenue. Source link
As Bond Market Turbulence Eases, Companies Borrow Again
Treasury yields have settled at lower levels, reflecting an anticipated growth slowdown. Source link
Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says
Markets Commodities Oil Markets The hole in the global oil market between supply and demand is expected to reach 2 million barrels a day, the
Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says
Markets Commodities Oil Markets The hole in the global oil market between supply and demand is expected to reach 2 million barrels a day, the
People Are Investing in Bonds Again—Once They Figure Them Out
After years of low returns, they’re paying real money again. But as investors are discovering, bonds aren’t exactly set-it-and-forget-it assets. Source link
As Bond Market Turbulence Eases, Companies Borrow Again
Treasury yields settle at lower levels, reflecting an anticipated growth slowdown. Source link
Exxon CEO's Pay Jumps 52% Amid Rising Oil Prices, Record Profit
Darren Woods’s total compensation includes stock awards of $24.9 million and a nearly $6.4 million bonus. Source link