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Story By Carla Sands |The Telegraph| At the G20 conference this month, President Biden stated that “the only existential threat humanity faces...
By: Reuters – A former deputy chief of Russian natural gas producer Novatek (NVTK.MM) was sentenced on Thursday to seven years and two months...
By: Reuters – Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they...
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In June last year, the Government proudly announced that the UK imported no coal, oil, or gas from Russia for the first...
By: Adrian Hedden – Carlsbad Current-Argus – An Oklahoma-based oil and gas company increased its Permian Basin presence through three buyouts valued...
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U.S. stocks logged a modest pullback Thursday, taking a breather from a rally that saw the Dow and S&P 500 ring up another round of record closes a day before.
The retreat for equities came in the wake of slightly stickier September inflation data and as investors gauged what sway that may have over the Federal Reserve's next interest-rate decision in November.
The Dow Jones Industrial Average fell 57.88 points, or 0.1%, ending at 42,454.12.
The S&P 500 shed 12 points, or 0.2%, closing at 5,780.05.
The Nasdaq Composite dropped 9.57 points, or nearly 0.1%, finishing at 18,282.05.
Consumer Price Index inflation data released on Thursday showed that price increases did not moderate as much as expected in September, although they have still cooled significantly over the past two years.
The report showed that overall inflation was 2.4 percent on an annual basis, down slightly from 2.5 percent previously. That was somewhat higher than economists had forecast, as monthly inflation came in warmer than expected.
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