Biden's Russia-Oil Ban Opens Path for Shale Giants EOG, Devon to Fill the Gap
Two shale giants are sitting on thousands of federal drilling permits, many of which could be used to produce more oil from prolific Permian basin.
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Commerce Secretary Warns War Won't 'Be Painless for Anyone’ After Ban on Russian Oil
President Joe Biden moved to hit Vladimir Putin’s economy where it hurts the most and said the U.S. will ban Russian oil, natural gas, and coal.
Bond Traders Primed for Wild Swings With Inflation, War in Focus
Investors are bracing for another hot inflation report, while the war in Ukraine increasingly casts a pall over Europe and the global economy.
Lawmakers From Both Parties Say Banning Russian Oil May be Worth the 'Hurt'
The Biden administration’s sanction strategy hinges on levying severe sanctions on pretty much every facet of the Russian economy except energy.
New York Fed's Logan Says Staff Will Carefully Monitor Money Markets
The Federal Reserve's nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings.
Powell Plows Ahead Toward Rate Hikes With Eyes on War Impact
Powell was peppered with questions about prices from lawmakers and fight against inflation, backing quarter-point interest-rate rise later this month.
Powell: Fed to 'Proceed Carefully' on Raising Rates Amid Ukraine Conflict
Fed's Powell said Wednesday central bank still plans on raising interest rates despite “highly uncertain” economic effects of war in Ukraine.
