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(Bloomberg) -- OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsWorld oil consumption will increa

Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies, adding to the impact of similar restrictions imposed by United Kingdom and Europe Union. Four of them - Cup, Aquatica, Turaco and Onyx - are carrying in total around 280,000 tons of fuel oil, destined for India, Turkey and Singapore, LSEG data shows.

(Bloomberg) -- A fresh read on US consumer prices Wednesday stands to push already elevated US government bond yields even higher — beyond crucial 5% thresholds.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesSeveral months of sticky inflation along with a robust labor market have already threatened to keep the Feder

This week's initial sweep of inflation readouts has calmed New Year market turbulence, but the main event is yet to come and it's harder to dispel concern about the rest of the year. With the critical U.S. consumer price report for December due later on Wednesday, the advance soundings at home and abroad were somewhat encouraging - both U.S. producer price and British consumer price inflation for last month undershot forecasts. Impressive headlines aside, the details of the U.S. PPI were far more mixed and sticky components - such as air fares - may yet irk the Federal Reserve's favored PCE inflation gauge.

(Bloomberg) -- Global oil markets face a smaller surplus this year than previously expected amid stronger demand and new risks to supply, the International Energy Agency said.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesWorld inventories are set to expand by 725,000 barrels a day in 2025, rather than the 950,000 b

Though visas and immigration are hot topics, many types of employers across the country are struggling to hire qualified workers.

(Bloomberg) -- US prices of metals and oil are rallying above other international benchmarks as traders increase bets President-elect Donald Trump will impose tariffs on imported goods.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesMetals including copper, silver and platinum have seen a sharp price dislocation betw