New Zealand trade gap balloons as fuel drives imports to record
Businesstimes News·- New Zealand's trade deficit expanded to 1.95 billion NZD in July, reaching its highest level in nearly two years. - The surge in the deficit was driven by record imports totaling 9.34 billion NZD, largely caused by soaring fuel import values doubling to 1.67 billion NZD due to global energy shocks. - Consequently, the annual trade deficit widened to 5.24 billion NZD for the 12 months ending in July.Oil Stocks To Keep An Eye On - August 22nd
Market Beat·- MarketBeat's stock screener has identified ExxonMobil, Chevron, ConocoPhillips, Marathon Petroleum, Valero Energy, Phillips 66, and Targa Resources as the top oil stocks to watch based on high dollar trading volume. - These publicly traded energy companies engage in various activities including the exploration, production, refining, transportation, and marketing of crude oil, natural gas, and related products. - The performance of these featured companies is typically influenced by oil prices, production levels, broader economic conditions, and regulatory factors.U.K. Inflation Rises On Household Energy Bills
rttnews·- UK consumer price inflation accelerated to 2.9 % in July from 2.6 % in June, reaching a four-month high. - The rise was driven by increased household energy prices stemming from the Middle East crisis. - On a monthly basis, consumer prices grew by 0.3 %, both figures aligning with economists' expectations.