Saudi Arabia’s energy minister said on Monday that oil markets could face a dangerous period as reduced investments in exploration and drilling threaten to cut crude production by 30 million barrels per day by 2030.
Farmers have asked the DOJ to investigate whether recent spikes in fertilizer prices are attributable to market manipulation by fertilizer companies, according to a letter sent by the Family Farm Action Alliance.
Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand.
Global demand has been stable even as shrinking supplies have pushed prices to multiyear highs, but recent shortfalls in some U.S. exports are an example of how U.S. products are priced out of the market when costs soar.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.
Ford Motor will require most of its 32,000-strong U.S. salaried workforce to be vaccinated by Dec. 8. The second largest U.S. automaker said on Wednesday more than 84% of U.S. salaried employees already are vaccinated.
U.S. chicken company Sanderson Farms Inc said on Monday that a slaughterhouse worker was infected with the new coronavirus, the first publicly confirmed positive test of a worker in a U.S. meat plant.
