Will Global Markets Clamor for Oil? OPEC+ Is Betting on It
OPEC+, a coalition of some of the world's top oil producers, surprised markets over the weekend with plans to boost production by more than half a million barrels a day. The increase comes at a time when investors are worried about oversupply.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
31 minutes ago
- Bloomberg
Egypt Set to Cut Interest Rates a Third Time on Softer Inflation
A slowdown in inflation has bolstered the case for Egypt to extend its monetary-easing cycle on Thursday. Annual price increases in urban areas slowed to 14.9% in June, after gains in the three months prior. The monthly comparison showed a 0.1% deflation, Egypt's main statistics body said Wednesday.
Bloomberg
41 minutes ago
- Bloomberg
Goldman Sachs Sees OPEC+ Pausing Output Hikes After Next Meeting
By and Dina Khrennikova Save The OPEC+ oil producer alliance is likely to make its next hike in collective output its last for a while, according to Goldman Sachs Group Inc. With the producer club nearing the end of a first-phase of jumbo output hikes, the market's attention is turning to what what will come after. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. Focus is now on the group's intentions for those barrels.
Wall Street Journal
an hour ago
- Wall Street Journal
Private-Markets Tech Provider iCapital Raises $820 Million
An early mover in the effort to open up private markets to individuals is now reaping the benefits of the industry's push into the mainstream. iCapital, a provider of private-markets financial technology for wealth advisers, has raised more than $820 million in a deal that values it at more than $7.5 billion, the company said. It was last valued at about $6 billion in 2022, according to PitchBook.
