EU energy ministers reached a deal on Monday (19 December) to limit excessive gas prices, following months of debate over whether or not to implement a price cap on imports into Europe. Under the agreement, gas prices on the EU’s main trading hub will be capped should they exceed €180 per megawatt-hour (MWh) for …

Investors are on the edge of their seats for any sign that Fed central planners will someday “pivot” to cutting interest rates, instead of raising them. They forget that recessions and major stock bear markets have occurred after the Fed started cutting rates and the yield curve spread shifted from negative to …

An OPEC+ decision taken in October to cut oil production by 2 million barrels a day turned out to be the right one for supporting the stability of the oil market despite being described as “very risky” and “unfortunate” at the time, Saudi Arabia’s energy minister said on Tuesday. Speaking to the …