Brent Crude Price Rises after Saudi Arabia Agrees to Cut Oil Output
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Oil Rises on Reports of U.S. Crude Inventories Draw But All Eyes Are on Inflation Data
Oil prices edged higher on reports of a larger-than-expected draw in U.S. crude inventories, but remained broadly under pressure on prospects of higher-for-longer rates due to sticky inflation.The Wall Street Journal - World -
OPEC+ Potential Extension of Output Cuts Isn't Done Deal, Goldman Says
OPEC+ is expected to extend output cuts at its June meeting, but recent mixed messages from Russia and Iraq suggest no final decision has been made yet, Goldman Sachs said.The Wall Street Journal - World -
Saudi Arabia grapples with tough choices over cost of flagship projects
The Line development scaled back as Riyadh reconsiders priorities and how best to fund its myriad investmentsFinancial Times - Business -
MBS might be ready for some 'tough conversations' about 'recalibrating' Saudi Arabia's Neom and Vision 2030 projects
Yahoo News - World -
How fast are prices rising in the UK?
The rate at which prices are rising has dropped from record highs, but remains above the 2% target.BBC News - Top stories -
Stocks Mixed After Producer-Price Data
U.S. stocks were mixed in recent trading as investors digested wholesale-inflation data and awaited a reading on consumer prices, due Wednesday .The Wall Street Journal - World - Stock Market -
How Rising Gas Prices Complicate the Fed's Inflation Strategy
Gas prices are rising faster than usual this year. WSJ’s David Uberti breaks down what’s behind the rise and how it interferes with the Federal Reserve’s goal of bringing down inflation.The Wall Street Journal - World -
Oil ends at 9-week low after OPEC leaves demand forecast unchanged
Oil futures settled at a nine-week low on Tuesday, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged while traders weighed the outlook for interest rates and their potential impact on energy demand.MarketWatch - Business -
WNBA 2024 roster tracker: A look at all 12 teams after final cuts; Kate Martin makes Aces' opening night squad
The 2024 WNBA season begins tonightCBS Sports - Sports - WNBA -
Commanders cut Jake Fromm
Jake Fromm was the odd man out in Washington's crowded quarterback room.Yahoo Sports - Sports - NFL -
Thyssenkrupp Cuts Guidance Again
Thyssenkrupp again cut its sales and profit forecasts for its fiscal year after write-downs and contracts to offset carbon emissions hit its second-quarter results.The Wall Street Journal - World -
Protesters in Pakistan-held Kashmir end rallies that killed 4 after authorities revoke price hikes
Yahoo News - World -
OPEC Sticks to Oil-Demand View
OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel’s next production policy move at its upcoming meeting in June.The Wall Street Journal - World -
Biden and Trump agree to debates in late June and September
President Joe Biden's 2024 campaign on Wednesday challenged Republican nominee Donald Trump to two debates hosted in a television studio ahead of the November election — a departure from the traditional system that has been used.NBC News - Top stories - Joe Biden -
Biden, Trump agree to ABC News and CNN debates
President Joe Biden on Wednesday challenged Donald Trump to participate in two 2024 presidential debates.ABC News - Top stories - Joe Biden -
Biden and Trump agree to two presidential debates
There will be no live audience at June's Atlanta event, which will mark the pair's first on-stage clash in four years.BBC News - Top stories - Joe Biden -
IEA lowers 2024 oil-demand forecast
The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world’s largest economies, particularly in Europe.MarketWatch - Business -
Arabian fights - the impact of Saudi boxing takeover
BBC Sport explores the impact of the Saudi boxing takeover and what it means for the fighting game closer to home.BBC News - Top stories -
Cancel Biden's Spending to Pay for Tax Cuts
It’s still possible to balance the budget and make the 2017 reform permanent.The Wall Street Journal - World - Joe Biden -
EU cuts inflation forecast for 2024 despite uncertainty
Yahoo News - World - European Union -
Three Inmates Agree to Plea Deal in Death of Whitey Bulger
The men charged with brutally beating Mr. Bulger, once a notorious leader in the Boston underworld, have agreed to help describe the circumstances of his death, officials said.The New York Times - Top stories -
Expert roundtable: We all agree, the NBA playoffs MVP is obvious
Three of the four NBA playoff series are tied 2-2 and a new face of the league has emerged. Our panel of experts looks at how the past month has played out.Yahoo Sports - Sports - NBA -
Harvard students end protest as university agrees to discuss Middle East conflict
Anti-war protesters have taken down their tents in Harvard Yard after the university agreed to meet to discuss their demandsABC News - Top stories -
Jaguars, city of Jacksonville agree on $1.4 billion 'Stadium of the Future'
The stadium would keep the Jaguars in Jacksonville for another 30 yearsCBS Sports - Sports -
Biden agrees to June 27 presidential debate and urges Trump to join
President Biden is open to debating former President Donald Trump twice in the lead-up to the November election, his campaign said Wednesday.CBS News - Top stories - Joe Biden -
Border dispute hinders Niger’s China-built oil pipeline
Landlocked country on verge of becoming a regional oil major if it can resolve its differences with neighbouring BeninFinancial Times - World - China -
Democrats probe Trump’s request for campaign cash from Big Oil
House Democrats are probing President Trump’s request for $1 billion in campaign cash from major oil companies. Rep. Jamie Raskin (D-Md.) penned a letter to CEOs of eight energy companies and an oil lobbying group that reportedly attended a ...The Hill - Politics - Donald Trump -
Top House Democrat demands answers on Trump dinner with oil executives – live
Jamie Raskin writes to nine executives after report says Trump promised to repeal regulations if they each gave $1bn to campaign. Trump hush-money trial – live updatesUS House in session with major agenda but its speaker is awol at Trump trialThe ...The Guardian - World - Donald Trump -
House Democrats launch investigation into Trump’s alleged offers to oil executives
Democrats on the House oversight committee sent letters to oil executives asking about alleged $1bn quid pro quo offer. House Democrats have launched an investigation into a meeting between oil company executives and Donald Trump at his Mar-a-Lago ...The Guardian - World - Donald Trump -
IEA Lowers 2024 Oil-Demand Growth Forecast on Slow Start of the Year
The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world’s largest economies, particularly in Europe.The Wall Street Journal - World -
Top US ethics watchdog investigating Trump over dinner with oil bosses
Citizens for Responsibility and Ethics in Washington ‘taking very serious look’ at whether Mar-a-Lago meeting justifies legal action. A powerful watchdog group that has been at the forefront of efforts to hold Donald Trump accountable for ...The Guardian - World - Donald Trump -
Barge hits a bridge in Texas, damaging the structure and causing an oil spill
Officials say a barge has hit a bridge in Galveston, Texas, spilling oil into surrounding waters and closing the only road to a small islandABC News - Top stories -
US gives Saudis green light to try to revive peace deal with Houthis
Saudis are keen to end their engagement in Yemen and US needs Saudi support to end Gaza conflict. US determination to keep Saudi Arabia engaged in a peace process with Israel has led Washington to give Riyadh an informal green light to try to ...The Guardian - World -
Fury & Usyk should 'speak out' on Saudi human rights
Amnesty International urges Tyson Fury and Oleksandr Usyk to speak out about the need for 'urgent' human rights reform in Saudi Arabia.BBC News - Top stories -
Transfer Talk: Saudi clubs eye Bruno Fernandes, Casemiro
Man United stars Bruno Fernandes and Casemiro have been linked with moves to the Saudi Pro League. Transfer Talk has the latest.ESPN - Sports -
How are Ronaldo and other Saudi Pro League stars shaping up for Euros?
More strength in depth is now apparent after influx of overseas talent but league’s competitiveness is hard to assess. England kick off Euro 2024 against Serbia on 16 June and if Jordan Henderson is called up then the former Al-Ettifaq midfielder ...The Guardian - World -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
U.S. to Stop Buying Russian Uranium, Cutting Cash to Moscow
A new law accelerates the weaning of U.S. electric utilities from using Russian enriched uranium to power America’s nuclear plants.The New York Times - Top stories - Russia -
Citi executive responsible for implementing thousands of job cuts quits
Titi Cole, one of the most senior Black women in finance, departs, while outgoing PwC US head Tim Ryan joins bankFinancial Times - Business