Opec production cuts compliance could push oil price to $70 December 9, 2019 The combination of strong compliance of Opec and its allies with production cuts and a US-China trade deal could push the price of Brent crude to $70 by the second quarter of 2020. According to a note from Bank of America Merrill Lynch, last week’s agreement to curb production by an additional 500,000 barrels a [...]
Global oil prices fall as Chinese exports shink again in November December 9, 2019 Oil prices fell this morning, after China’s exports of goods and services shrank for the fourth month in a row. Brent futures were down 0.5 per cent, at $64.03 per barrel, after gaining about three per cent last week after news that OPEC and allies would increase output cuts. Read more: Oil prices soar ahead [...]
Corbyn defends leaked NHS documents amid ‘links to Russia’ December 7, 2019 Jeremy Corbyn has defended his party’s decision to release leaked documents detailing UK-US trade talks despite apparent links to Russia. Reddit revealed on Friday that the documents were posted on its platform by an account linked to a campaign “originating from Russia”. The site said it had suspended 61 accounts that were part of a [...]
Focus on Southgate: Second steppers find space in this family home hotspot December 6, 2019 Southgate in North London is a magnet for families, and it’s easy to see why. Not only does it have high-performing schools and an abundance of ample-sized properties, it also has plenty of green space (Grovelands, Broomfield and Oakwood parks are all nearby) and excellent links to central London thanks to its zone four Piccadilly [...]
Opec and allies expected to deepen oil production cuts December 5, 2019 Oil producer group Opec has begun its two-day meeting in Vienna, with expectations that the cartel and its allies will deepen oil supply cuts next year. Opec+, a wider grouping that involves countries such as Russia, has curbed production by 1.2m barrels per day since 2017 in a bid to counter the rise of the [...]
Global growth to pick up next year despite US and China slowdowns, says report December 4, 2019 Global economic growth is set to pick up in 2020 despite the world’s two biggest economies slowing, according to asset manager Investec. The world economy will expand 3.3 per cent in 2020, Investec said, picking up from a post-crisis low of 2.9 per cent growth this year. Read more: FTSE 100 slumps as Trump suggests [...]
Oil prices soar ahead of Opec meeting December 4, 2019 Oil prices shot up today ahead of Thursday’s Opec meeting, which is expected to yield an extension to oil production cuts. West Texas Intermediate rose 4.1 per cent to $58.4 a barrel, with Brent Crude up 3.9 per cent to $63.16 per barrel. Read more: Saudi Arabia pushing Opec for deeper oil production cuts Expectations [...]
Our divided country can’t even agree on who our enemies are December 4, 2019 Aristotle wrote that “a common danger unites even the bitterest enemies”. So what hope of unity is there for a nation where the very perceptions of danger become contested? Ahead of this week’s Nato meeting, the British Foreign Policy Group conducted a public opinion survey with pollsters at Opinium, exploring perceptions of the most pressing [...]
Institutional tranche of Saudi Aramco IPO twice oversubscribed December 2, 2019 The institutional tranche of Saudi Aramco’s upcoming initial public offering (IPO) is more than twice oversubscribed, according to the sale’s managers. Investors have put in 144.1bn riyals (£29.7bn) worth of bids since 17 November, around 4.6bn shares. Read more: Saudi Aramco IPO on track as retail tranche oversubscribed The institutional tranche closes at the end [...]
Saudi Arabia pushing Opec for deeper oil production cuts ahead of Aramco IPO December 2, 2019 Saudi Arabia is seeking to push Opec into deepening oil cuts until at least June 2020 as it prepares for December’s listing of Saudi Aramco. Sources told Reuters that Opec and its allies, including Russia, were currently discussing a deal to add 400,000 barrels per day to existing production cuts of 1.2m barrels per day. [...]