IEA says oil market will recover faster if Opec sticks to cut deal October 11, 2016 The International Energy Agency (IEA) said today that the global oil market could recover more quickly if the Organisation of Petroleum Exporting Countries (Opec) sticks to its production cut deal. "Even with tentative signs that bulging inventories are starting to decline, our supply-demand outlook suggests that the market — if left to its own devices — may remain [...]
Rosneft boss says he will not comply with output freeze as oil prices lose some of yesterday’s gains October 11, 2016 Oil prices nudged down slightly this morning after hitting a 14-month high yesterday on indications Russia would take part in an Opec production cut. However, despite Vladimir Putin's remarks that an output cut is likely to be the "only right decision" to maintain stability in the global energy sector, this morning one of Russia's top oil bosses has [...]
Is the tumbling pound providing a correction, or are we losers now? October 11, 2016 A strong currency can be a sign of a country’s economic success. When a currency rises against another, those earning income in it have greater spending power. Equally, a weaker currency is considered by some to be a source of national embarrassment. Last week’s sterling crash was rather embarrassing for Britain – the pound fell 4.2 [...]
Oil price gush lifts FTSE close to a record high October 11, 2016 Oil prices hit a 14-month high and the FTSE 100 recorded its second-highest close on record yesterday after Vladimir Putin suggested Russia would take part in a production cut alongside the Organisation of the Petroleum Exporting Countries (Opec). The Russian President told the World Energy Congress in Istanbul he supported the agreement reached by Opec [...]
I’m not ready to bow out yet, insists Three Lions skipper Wayne Rooney after England axing October 10, 2016 England skipper Wayne Rooney is adamant that his Three Lions career is not over despite being axed by interim boss Gareth Southgate for Tuesday’s World Cup qualifier against Slovenia in Ljubljana. Rooney is set to be ousted by Tottenham’s Eric Dier in a deep-lying midfield role but has insisted he will continue to fight for his [...]
Oil prices shake off losses as Opec deal optimism returns October 10, 2016 Oil prices reversed earlier losses this afternoon reflecting rising optimism about an agreement among Opec producers to curb record output levels. Brent crude, the global benchmark, increased 1.35 per cent to $52.63 per barrel, while West Texas Intermediate crude swelled 1.45 per cent to $50.53. Both benchmarks had fallen in mid-morning trading. It was buoyed after Saudi Arabia's energy minister, [...]
Iraq says it wants to increase oil output despite Opec cut deal October 9, 2016 Iraq has signalled that it wants to increase oil output as the Organisation of Petroleum Exporting Countries (Opec) tries to agree the details of its first production cut agreement since the 2008 financial crisis. It comes as Opec prepares for an unusual string of meetings to hammer out the terms of a production cut ahead of its next [...]
US West Texas Intermediate crude holds above $50 despite strong dollar and increased supplies from Russia, Libya and Nigeria October 7, 2016 The price of US oil has stayed firm during trading today after breaking the $50 barrier yesterday evening for the first time since June. West Texas Intermediate crude was down by 15 cents, or 0.3 per cent, in mid-afternoon trading, but remained about the $50 threshold to trade at $50.29. Around 19 cents, or 0.36 per [...]
Don’t kid yourself Hillary will be a good President October 7, 2016 For all the attention lavished on Donald Trump’s many flaws, there’s a deafening silence in the UK media about Hillary Clinton’s own defects as a US presidential candidate. They are not unconnected. Given the Republican’s illiberalism, nobody seems to want to say anything that might undermine the only person standing between him and the most [...]
Learning these 9 languages could lead to higher-paying jobs in Britain October 6, 2016 If you're looking to improve your CV, picking up a new language might just be the easiest way to stand out from the crowd. It's no secret that people who speak several languages are invaluable in the workplace. That being said, some languages may offer better opportunities. Job search engine Adzuna analysed over a million [...]