Latest in Opec Members Delay Planned Rise in Oil Production
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Opec+ members delay planned rise in oil production
Cartel to leave output curbs in place an extra month in effort to boost anaemic crude pricesBusiness - Financial Times - Yesterday -
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential ...Business - MarketWatch - 9 hours ago -
Oil Jumps as OPEC+ Further Delays Output Hike
Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.World - The Wall Street Journal - 19 hours ago -
'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.Business - CNBC - 17 hours ago -
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...Politics - The Hill - 11 hours ago -
Thames Water lenders call for more backers for £1.5bn rescue cash – business live
Live, rolling coverage of business, economics and financial markets as UK water company races to secure new lifeline before December crunch. In Germany the manufacturing recession has been ...World - The Guardian - 17 hours ago -
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.Business - The New York Times - 10 hours ago -
What will OPEC+ decide on oil output? Here’s why it’s complicated.
Developments in the Middle East have and worries about the prospects for global demand have fueled volatile trading in the oil market in recent weeks and that makes an upcoming decision by major ...Business - MarketWatch - 2 days ago -
Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production
The plane maker plans to book $5 billion in charges on troubled programs and warns of a deeper quarterly loss amid machinists strike.Business - The Wall Street Journal - October 11 -
U.S. crude oil prices fall more than 2% after OPEC cuts demand forecast again
Soft demand in China has weighed on the market for months.Business - CNBC - October 14 -
Bipartisan House members call for tighter sanctions on oil field servicers in Russia
A bipartisan coalition of more than 50 congressional representatives called on the Biden administration to tighten sanctions on Russian oil and specifically address a major U.S. oil field ...Politics - The Hill - October 21 -
Delayed and Canceled Products Show How Big Tech Can Fall Behind the Cutting Edge
Having years of technical know-how, staff with expertise, and billions of dollars available to invest doesn’t necessarily a good product make.Business - Inc. - 3 days ago -
Nigeria rejects Shell’s planned sale of $1.3bn onshore production unit
The decision comes the same day as ExxonMobil wins approval for its long-delayed asset sale in Niger DeltaBusiness - Financial Times - October 21 -
Why Saudi Arabia may ‘open the spigot’ on oil production — and crater crude prices
The possibly that Saudi Arabia will lift the “floodgates” on its oil production has climbed in recent weeks, fueled by ”deteriorating cohesion” among the group of major oil producers known as ...Business - MarketWatch - October 14 -
Oil prices rise after Iranian commanders vow response to Israeli attack
Belligerent comments come as Tehran weighs options in wake of air strikesBusiness - Financial Times - 3 days ago -
Oil prices drop over 6% after Israeli airstrikes spare Iran’s oil facilities
Oil futures fell sharply Monday, with U.S. and global benchmark crude posting the largest one-day percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did ...Business - MarketWatch - October 28 -
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...Business - MarketWatch - October 14 -
Italian autoworkers go on strike, as troubled Stellantis faces pressure over production plans
Workers in Italy’s troubled automotive sector are holding a national strike for the first time in 20 years, with a massive demonstration crossing the center of RomeWorld - ABC News - October 18 -
Russian oil trade is rising with record crude volumes on 'dark fleet' vessels despite sanctions, price cap
Lloyd's List reports record volumes of Russian oil carried on "dark fleet" vessels and sanctioned tankers without known insurance in September.Business - CNBC - October 14 -
Oil prices rise as U.S. supply posts a surprise decline, but trend ‘favors the bears’
Crude futures finished higher on Thursday for the first time in five sessions, supported in part by an unexpected decline in last week’s U.S. crude inventories, which followed sizeable back-to-back ...Business - MarketWatch - October 17 -
U.S. crude oil prices rise more than 2%, extend gains to above $72 per barrel
Traders increasingly view a supply disruption in the Middle East due to Israel-Iran tensions as unlikely.Business - CNBC - October 22 -
Oil prices end lower with weekly U.S. crude supplies up by over 5 million barrels
Oil futures settled lower Wednesday as official U.S. data showed an unexpected weekly climb in domestic crude inventories, prompting prices to post their first loss in three sessions.Business - MarketWatch - October 23 -
Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand
Oil futures finished higher Wednesday, with official U.S. data showing a surprise decline in crude supplies in the latest week and strength in gasoline demand, prompting prices to post their first ...Business - MarketWatch - 5 days ago -
Shell shares rise as oil major brushes off impacts of global refining slump
The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and ...Business - MarketWatch - 4 days ago -
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
Figure is significantly more than the £22bn fiscal hole the government previously identifiedBusiness - Financial Times - October 15 -
Retailers Adjust Holiday Sales Plans to Handle Rising Consumer Stress Levels
Shoppers’ worries about the presidential election and its economic consequences threaten holiday season spending. Retailers are scrambling to limit pullbacks.Business - Inc. - October 23 -
Treasury confirms plans for inflation-busting rise in UK social housing rents
Rachel Reeves also announces £500mn cash boost to promote building of affordable homesBusiness - Financial Times - October 25 -
Pearson Underlying Sales Rise, Plans Further Growth Through AI
Pearson delivered higher underlying sales for the third quarter, supported by growth across all divisions, and said it planned to accelerate its artificial-intelligence capabilities to drive ...Business - The Wall Street Journal - 6 days ago -
UK borrowing costs rise as Reeves’ spending plans unnerve investors
Ten-year gilt yield hits five-month high after chancellor’s first BudgetBusiness - Financial Times - 5 days ago -
Oil prices lifted by report Iran may be planning another major strike on Israel
Oil futures finished higher on Friday, finding support after a news report that Iran may be planning another major strike on Israel.Business - MarketWatch - 3 days ago -
The Untimely Death of Product Management
Tech execs ask: Why have product managers when you can just keep using AI?Business - Inc. - October 22 -
IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live
Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...World - The Guardian - 4 days ago