OPEC: Oil to Get Boost from Summer ‘Driving Season’
The oil market should get a boost this summer from the “driving season,” the Organizatio...
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If Oil Freeze Deal Fails, What Then?
The early success of an oil-supply accord between OPEC and Russia in reviving crude prices is magnif...
USD/JPY – Yen Softens, Markets Eye US Retail Sales, PPI
USD/JPY has posted slight gains on Wednesday, as the pair trades at 109.20 in the European session. ...
EUR/USD – Euro Under Pressure Ahead of US Retail Sales, PPI
EUR/USD has posted considerable losses on Wednesday, continuing the downward trend which marked the ...
Global Stocks Extend Gains as China Trade Picks Up; Yen Weakens
Global stocks climbed for a fourth day as Chinese trade data added to signs of a pickup in the world...
Band Plays on, as Global Oil Glut Leaves Supertankers in a Huge Jam
It may be the world’s biggest traffic jam. As ports struggle to cope with a global oil glut, h...
Brazil’s Rousseff Decries Conspiracy as Impeachment Advances
Brazilian President Dilma Rousseff said on Tuesday her vice president was orchestrating a conspiracy...
UK Would Face Tough Choices After a Brexit Vote
Britain will need to make choices on trade, labour laws and the environment that could be unpopular ...
China Exports Rise at Fastest pace in a Year in March
The trade picture in the world’s second-largest economy staged a turnaround in March, with exp...
Saudi Oil Minister Rules out Crude Output Cut
Saudi oil minister Ali al-Naimi ruled out a crude output cut in comments made to Saudi-owned al-Haya...
Rise of CAD Makes Bank of Canada Job Easier
The Canadian Dollar Is Gaining Ahead of the Central Bank Rate Announcement. The Bank of Canada (BoC)...
Greek IMF Talks Lagging After Pushback from Both Sides
Will the IMF’s spring meeting in Washington this weekend be yet another episode in the ongoing...
Gold Unchanged, US Retail Sales, PPI Next
Gold is subdued on Tuesday, following solid gains in the Monday session. Gold is trading at a spot ...
Yen Weakens After Verbal Intervention
The U.S. dollar gained against the yen and the euro on Tuesday after Japanese authorities hinted at ...
IMF Lowers Canada’s Growth Forecast to 1.5% in 2016
The International Monetary Fund is lowering its economic growth projections for Canada and the world...
Oil Price Recovers as Supply Glut Creates Tanker Traffic Jam
As ports struggle to cope with a global oil glut, huge queues of supertankers have formed in some of...
US Crude Posts Gains, Markets Eye Crude Inventories Report
US crude futures have moved higher on Tuesday. US crude is trading at $41.10 per barrel in the North...
Low Oil Has Disincentivized Fuel Efficiency
Fuel consumption is not very sensitive to a small change in prices in the short run, but if the pric...
IMF Warns Brexit Could Cause Severe Global Damage
The UK’s exit from the European Union could cause “severe regional and global damageR...
German Central Banker Defends ECB Draghi
Bundesbank president Jens Weidmann has rebuked German politicians for attempting to pressure Europea...