[ad_1] PETALING JAYA: Crude oil prices are expected to strengthen further as a result of production cut by the Organisation of the Petroleum Exporting Countries and allies (Opec+). This will…
Tag: OPEC
Wall St set for higher open on gains in tech, growth shares; jobs data eyed
[ad_1] WALL Street’s main indexes were set to open higher on Tuesday on gains in technology and growth stocks, while investors awaited key economic data that could decide the U.S.…
Oil steady as markets weigh OPEC+ surprise cuts amid demand woes
[ad_1] HOUSTON, April 4 (Reuters) – Oil prices were little changed in choppy trading on Tuesday as investors weighed OPEC+ plans to cut more production against weak economic data from…
What the OPEC cuts mean for Putin and Russia
[ad_1] New York(CNN) Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil production by more than 1.6 million barrels a…
Malaysia, Indonesia currencies gain on OPEC+ target cut
[ad_1] The Malaysian ringgit and the Indonesian rupiah were among the gainers in some Asian currencies on Tuesday after OPEC+ production cut targets pushed Brent crude prices higher but renewed…
OPEC+ Oil Market Move Less Surprising Than It Seems
[ad_1] The latest output cut took the markets by surprise, but conditions might have justified it. [ad_2] Source link
OPEC+ oil production cuts are a surprise move – so what are the factors at play?
[ad_1] From dissatisfaction at the price of oil to geopolitics and the need for economic protection, there are a number of factors involved in the surprise announcement. By Ian King,…
FTSE 100 Live: Shares up as oil surges; $23bn mining mega-merger proposal rejected
[ad_1] City slowdown hits brokers large and small THREE different City brokers showed the strain they are under today, prompting fresh talk of mergers within the Square Mile that could…
European markets trade mixed after surprise OPEC+ cut; UBS down 4%
[ad_1] 32 Mins Ago CNBC Pro: Want to ride higher oil prices? Analysts love these stocks, giving one over 160% upside 2 Hours Ago UBS shares fall 2% after job…
BP and Shell jump as soaring oil prices unleash fresh inflation risk after Opec cuts – latest updates
[ad_1] Oil prices soared after oil producers’ unexpected cuts to crude output threatened to deliver a fresh jolt of inflation to the world’s markets. West Texas Intermediate (WTI) soared as…