Saudi oil goes expensive
Saudi Arabia will raise oil prices to all regions in July, according to the state-run company, Saudi Aramco. The cost increase will be most significant for the United States and…
Signs of de-dollarisation emerging
JPMorgan’s strategists Meera Chandan and Octavia Popescu at the Wall Street bank laid out that while overall dollar usage remains within its historical range, its usage was more “bifurcated under…
Saudi pledge pushes oil prices higher
Riyadh has announced a voluntary supply cut of 1 million barrels per day, starting in July Global crude oil prices have risen after Saudi officials announced plans to cut production…
US banks prepare for losses in rush for commercial property exit
“Lenders prepare to offload debt at a discount even when borrowers are up to date on payments” Some US banks are preparing to sell off property loans at a discount…
Russia may be blacklisted by FATF, global bank transfers to be nearly impossible
Russia is concerned that the world’s main anti-money laundering organization, FATF, could blacklist it following its June 19-23 plenary meeting. That would mean that any international payments for Russia would…
OPEC+ agrees to CUT oil output from 2024
The Organization of Petroleum Exporting Countries (OPEC) and its allies, led by Russia, agreed Sunday to cut overall oil production targets by a further 1.4 million barrels per day (bpd)…