Foreign secretary Boris Johnson's attack on Saudi Arabia runs the risk of harming UK efforts to build trading relations with Gulf states, experts say.
In remarks reported earlier this week, Johnson.. City A.M.
(Reuters) - OPEC's landmark oil-production deal may prove effective in running down global inventories, but analysts hold little hope for much of a rise in prices, a Reuters poll showed on Thursday. Reuters
The S&P 500 and Dow Jones Industrial Average traded with slight gains after hitting new intraday records earlier in the session. Broad gains across all sectors boosted the indexes, putting the Dow on.. Source: The Street -
Just because the U.S. presidential election, Italy referendum and OPEC deal are behind us, doesn't mean there aren't things to fret over as 2016 comes to an end. "We've got an ECB meeting and the Fed,".. Source: The Street -
Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to.. Source: Wochit Headline News -
The Dow retreated from records as banks reversed course after days of big gains. Dow components Goldman Sachs gs and JPMorgan jpm ended the day lower alongside fellow banks Citigroup and Bank of.. Source: The Street -
Oil sweeps to a six-week high after OPEC agrees to cut crude output to clear a glut. As David Pollard reports, bond yields also rose on prospects that resulting inflationary pressures will lead to.. Source: Rumble -
The outcome of the Vienna meeting came as a pleasant surprise to oil markets.
A deal had been hammered out and, despite the resistance, OPEC and Non-OPEC producers had agreed to cut a total of.. City A.M.
Under the stewardship of deputy Crown Prince Mohammed bin Salman, and his trusted lieutenant, Energy Minister Khaled Al-Falih, Saudi Arabia has formally given up on the battle for market share of crude Globe and Mail
Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the agreement, Venezuelan oil.. OilPrice.com
Authored by Gluskin Sheff's David Rosenberg, originally posted op-ed at The Globe and Mail,
When I was on CNBC on Monday afternoon, the discussion was over this *stellar stock market performance* of.. Zero Hedge
As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The report comes a.. OilPrice.com
Crude prices are lower this morning following API's huge reported build at Cushing (biggest since 2008) and fears over OPEC deal realities. With expectations for a crude draw (on lower imports), DOE.. Zero Hedge
Submitted by Nick Cunningham, via OilPrice.com,
OPEC succeeded in* pulling off what many thought was impossible*, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output... Zero Hedge
The *Russian ruble* is ticking up.
The petro-currency is up by 0.3% at 63.6919 per dollar as of 7:50 a.m. ET after strengthening by as much as 0.4% earlier in the day.
Senior executives from.. Business Insider
ABU DHABI (Reuters) - OPEC's deal to cut production will go ahead even if only non-OPEC Russia commits to reduce output at a meeting later this week, Nigerian oil minister Emmanuel Ibe Kachikwu Sify Also reported by •Reuters India
It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors.. Business Insider
The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to.. OilPrice.com
Nicolas Maduro, the Socialist president of recession-hit and hyperinflation-stifled Venezuela, was the most vocal supporter and promoter of an OPEC deal to reduce oil supply in a bid to lift prices... OilPrice.com
Productivity decline most since 1993? ... no Problem - Buy the Fucking Bankrupt Bank dip...
The day started off with Italian authorities telling BMPS to prepare for a state bailout, which enabled.. Zero Hedge