A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help the global economy.
Saudi Arabia has agreed to cut its production for November by 526,000 bpd, from its current quota of 11.004 million bpd, according to data provided by OPEC following its Wednesday meeting to set new production targets.
Newsfeed: Saudi Arabia, Russia To Cut 1.05 Million Bpd In November Read More »
The problem with an energy crisis is that it’s actually an everything crisis. In a world where virtually every industry relies on energy in some form, runaway inflation is an inevitability. This phenomenon is not news – you’ve been experiencing it for the better part of two years now. But while global governments are using every tool in their kits to curb the rising inflation rates, there’s far less they can do about the coming food shortage.
Newsfeed: Europe’s Natural Gas Shortage Could Trigger A Food Crisis Read More »
Over the past two months, the oil price rally has seriously lost momentum, with prices remaining range-bound as fears intensify that the global economy could be headed for a recession.
Newsfeed: Will Falling Oil Prices Alter The Fed’s Aggressive Rate Hike Plan? Read More »
This may be one of the most interesting times in economic history. The pace and amount of change is creating significant challenges and opportunities for both investors and entrepreneurs … not to mention policy makers. It’s fun to watch, hard to keep up with, and impossible to avoid. The changing future of money and wealth will affect everyone … believe it or not, like it or
STRONG economy, BUT …. Read More »