The number of job openings was 11.3 million in January, evidence that companies still have more jobs than there are workers to fill them, the Labor Department reported on Wednesday. That compares to 10.9 million openings in December. The rate of people quitting their jobs declined slightly, by 151,000. Job growth has been strong so […]

There’s one reason why: Current demand outstrips supply. Politicians, consumers, social media trolls all offer their analyses for why things have reached this point from the supposedly anti-energy policies of the Biden administration to the craven greed of oil companies. But the price pressure was building once the immediate economic hit of the coronavirus subsided […]

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, a senior minister said on Monday. Oil prices spiked to their highest levels since 2008 on Monday after US Secretary of State Antony Blinken said Washington and […]

Russia will soon be unable to pay its debts, according to a leading credit ratings agency. Fitch Ratings downgraded its view of the country’s government debt, warning a default is “imminent”. The move comes amid increasing international sanctions against Russia following its invasion of Ukraine. A credit rating is intended to help investors understand the […]