Oil Up $1 After Saudi Pledges Production Cuts
Oil prices rose by around $1 per barrel on Monday after Saudi Arabia announced it would cut production by a further 1 million per day from July. Brent crude futures…
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…