OPEC anticipates oil oversupply in 2019
The oil market looks poised to swing into oversupply next year as growing global crude output swamps shaky demand, a…
Saudi Arabia to cut oil output by 0.5m barrels a day
Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy…
Russia warns OPEC against oil output cuts
OPEC and non-OPEC exporters must stick to a consistent message if they are to avoid exacerbating wild swings in the…
May forced to cancel Monday cabinet meeting
Theresa May has been forced to abandon plans for an emergency cabinet meeting to approve a Brexit deal, after fresh…
Italy ponders minor tweaks to budget
Italy’s finance minister is working on limited adjustments to the populist government’s 2019 budget, according to a media report, as…
EU can’t hold us to customs union
BREXITEER Andrea Leadsom sent a stern warning to Brussels as she vowed the UK “cannot be held against its will”…
Yuan Proxies becoming popular
China bears are shorting yuan proxies, as risks of central bank intervention loom large with the currency edging toward its…
Gold Trades Lower After FOMC Stays on Target for December
Precious metals prices dropped Friday and headed for a weekly loss, nicked by a firmer dollar that’s been bolstered by…
Bitcoin Falls for 2nd Session in a Row
Bitcoin prices are trading lower Friday, on track for back-to-back losing sessions for the first time since late October. The…
Saudi Think Tank Hints at Exit From OPEC
Saudi Arabia’s top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a…