Oil prices break $80 per barrel mark as Hurricane Florence helps create the perfect storm September 12, 2018 Oil prices have risen above $80 per barrel for the first time since July as US crude inventories dropping, impending sanctions against Iran, and Hurricane Florence created a perfect storm. The price of Brent Crude oil rose to $80 per barrel, its highest since the middle of July and close to a three-year high. The [...]
Trump slams Opec, urging oil cartel to ‘get prices down now’ September 20, 2018 Donald Trump has slammed the Opec and urged the cartel to “get prices down”, citing the protection the US provides for countries in the Middle East. Trump has urged Saudi Arabia to increase oil production in recent months to combat higher oil prices brought about by his own sanctions on Iran. He has also previously [...]
Trump slams Opec, urging oil cartel to ‘get prices down now’ September 20, 2018 Donald Trump has slammed the Opec and urged the cartel to “get prices down”, citing the protection the US provides for countries in the Middle East. Trump has urged Saudi Arabia to increase oil production in recent months to combat higher oil prices brought about by his own sanctions on Iran. He has also previously [...]
At OPEC meeting in Vienna, bickering member states to decide on raising oil production June 17, 2018 The Organisation of Petroleum Exporting Countries (OPEC) will meet in Vienna this week, with members split on whether to end its production freeze. Oil prices soared last month, and are still up at $76 per barrel, more than double what they were when the group introduced a cap on production in 2016. Brent crude hit [...]
Opec will not increase oil supply, calling price surge short-term spike despite prices reaching $80 per barrel May 17, 2018 The Organisation of the Petroleum Exporting Countries (Opec) has said that that it will not rethink its supply strategy even after oil reached $80 (£59) per barrel, labelling it a short-term spike rather than supply shortage. Brent crude price reached $80 per barrel today, which is the highest point since November 2014, and is a [...]
FTSE 100 plunges to a two-year low as US-China trade war fears intensify December 6, 2018 The FTSE 100 plunged to a two-year low today as US-China trade war tensions weighed on European stocks. London’s main index fell by as much as 2.5 per cent this morning as blue-chip companies were burnt by fears that China and the US trade war could intensify after a key Huawei executive was arrested overnight. [...]
Veterinary drugmaker Dechra shares fall as it shares plan for ‘hard’ Brexit September 3, 2018 Shares in FTSE 250 veterinary drugmaker Dechra Pharmaceuticals tumbled after the company announced it would be implementing preparation for a “hard” Brexit. The company announced today it would be moving ahead with plans including the transfer of product registrations to the EU, with a total cost of around £2m. Dechra says the “hard Brexit mitigation [...]
Commodity 2019 outlook: Will global growth slowdown force more OPEC production cuts? January 7, 2019 Oil prices steadily climbed during 2018 as the Organisation of the Petroleum Exporting Countries’ (OPEC) agreed production cuts helped stem the global oversupply. The US withdrawal from the Iran nuclear deal saw Washington place new sanctions on the OPEC member, and crude surged to four-year highs on expectations of a significant reduction to the global [...]
Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]
Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]