The Wrong Oil Price Is Truthfully a Problem for OPEC+

Published on December 2, 2024

he best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the truth! A senior official of the OPEC+ oil cartel has said publicly what many thought privately — the group has been keeping oil prices too high, effectively subsidizing its rivals.

Continue reading on website
Other news

Stocks Versus Bonds Dilemma Hits EM Traders as Trump Returns

December 2, 2024
Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market bonds witnessed under Joe Biden.

Investment Banks Will Lose Billions of Dollars to Private Rivals

December 2, 2024
Big banks have been warning their investors about the competition they face from private credit, electronic market makers and others for some time.