Read the latest International Energy Agency headlines - updated 24/7/365. We link to the best sources from around the world. Get the latest on the IEA.
Stocks panic-bid off EU close after Biden-induced breakdown (SPY +0.6%). Amazon has made as much profit during pandemic as previous three years of earnings in total.
The Market in Perspective
Here are the headlines moving the markets.
Chinas Shale Industry Faces Numerous Challenges China has bet on developing its vast shale gas resources to boost its natural gas supply as demand surges. Despite recent shale production surprises to the upside, China still has several major challenges to overcome if it were to replicate, at least partially, the American shale boom. China is estimated to have a lot of shale gas resources, even higher than those in the United States. China actually has the highest technically recoverable shale gas resources in the world, as per EIA estimates. However, Beijing has struggled to develop those huge
Biggest midday movers: Facebook, Ford, eBay (SPY +0.2%). Turkey goes into its first full lockdown. Stocks slammed as Biden admin says gig-workers should be classified as employees.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Oil Jumps To Six-Week High On Stronger Economic Outlook Oil prices rose early on Thursday to their highest level in six weeks as a brighter outlook on the American economy and oil demand offset bearish demand prospects from the COVID crisis in India. As of 11:03 a.m. EDT on Thursday, WTI Crude was up 1.50 percent at $64.87, after touching $65 earlier in the day, and Brent Crude prices had risen 1.61 percent to cross the $68 a barrel mark, at $68.41. A weaker U.S. dollar today also added fuel