Saudi Arabia has declared its decision to decrease oil production by 1 million barrels per day in an effort to boost the dwindling oil prices. This announcement came following a
Latest Update on OPEC+: Meeting Kickoff Postponed as Discussions on Agreement Persist
Principal OPEC+ nations have conveyed assurance in achieving a production accord on Sunday, notwithstanding an eleventh-hour dispute with African members which risked the assembly’s progress.
Zelenskiy asserts Ukraine is prepared to initiate a counterattack.
President Volodymyr Zelenskiy announced in an interview that surfaced on Saturday, Ukraine’s readiness to initiate their long-anticipated counteroffensive to reclaim the territories under Russian control.
The decline in oil prices continues in anticipation of the crucial Opec+ gathering.
Oil prices continued to face a downward trend on Wednesday, influenced by global economic instability concerns and preceding a significant meeting scheduled for Sunday, with contradictory indications about production from
The US will run out of cash ‘in less than three weeks
Goldman Sachs has predicted that unless the US resolves its current debt issue, it will exhaust its cash reserves within the next three weeks.
Debt default risks ‘worldwide panic’, warns US Treasury Secretary
The US Treasury Secretary, Janet Yellen, has issued a stark warning that the clock is ticking to prevent an economic disaster due to the failure to increase the US debt
The CBO cautions that the US government might face difficulties in fulfilling its financial obligations this month.
The Congressional Budget Office (CBO) has issued a warning of a “significant risk” of the US defaulting on its payment obligations within the first half of June unless there is
Guinness has decided to ditches the Irish stock market while US President Joe Biden was visiting
During Joe Biden’s visit to Dublin, the owner of Guinness, Diageo, announced its decision to abandon its listing on the Irish stock exchange.
Credit Suisse Chairman Axel Lehmann apologizes to shareholders, saying he’s “truly sorry”
At its last shareholder meeting as an independent business on Tuesday, Credit Suisse’s chair, Axel Lehmann, apologized to investors for the 167-year-old Swiss bank’s collapse. Lehmann addressed the bank’s AGM
BP and Shell leap after production cut by Opec+
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led the FTSE 100 risers after the announcement of a surprise cut in oil production by OPEC+ members.
Fresh inflation fears were triggered as Saudi production cuts caused a surge in oil prices.
Unexpected cuts to crude output by oil producers have caused oil prices to soar, raising fresh inflation concerns in global markets.