Dust settles on stocks surge, OPEC+ talks supply cuts

Dust settles on stocks surge, OPEC+ talks supply cuts

LONDON, Oct 5 (Reuters) – World stocks clung to two-week highs on Wednesday, although another aggressive rate increase from New Zealand tempered the idea that central banks may be close to slowing down the pace of rapid monetary tightening. Oil prices were little changed before a meeting of OPEC+ producers to discuss a big cut … Read more

OPEC+ heads for deep supply cuts, clash with U.S.

OPEC+ heads for deep supply cuts, clash with U.S.

VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more. The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about … Read more

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

LONDON, Oct 4 (Reuters) – European governments should tax corporates to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell (SHEL.L) Chief Executive Officer Ben van Beurden told an energy conference on Tuesday. Speaking before the Energy Intelligence Forum in London, Van Beurden said that European energy … Read more

Britain’s tax backdown bounces stocks and sterling

Britain’s tax backdown bounces stocks and sterling

Britain scraps small part of tax plan; markets relieved Reserve Bank of Australia surprises with a small hike High VIX; Credit Suisse stock slide point to nerves beneath SYDNEY, Oct 4 (Reuters) – Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying … Read more

Pound jumps on UK tax cut reversal, oil swings higher

Pound jumps on UK tax cut reversal, oil swings higher

TOKYO, Oct 3 (Reuters) – Oil jumped on Monday as OPEC+ considered reducing output at its meeting later this week while the pound swung higher after the UK government said it would reverse a controversial tax cut that had roiled British markets. Asian stocks mostly fell in holiday-thinned trade although Japanese markets found support on … Read more

Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020

Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020

OPEC+ considers cut of more than 1 mln bpd -sources China issues largest oil products quota this year SINGAPORE, Oct 3 (Reuters) – Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, … Read more

OPEC+ to consider oil cut of over than 1 million barrels per day

OPEC+ to consider oil cut of over than 1 million barrels per day

Cuts could include Saudi voluntary reduction Largest cut since pandemic reduction Oil fell due to rising Fed rates, weak economy DUBAI, Oct 2 (Reuters) – OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move … Read more

Dozens killed or wounded in Russian missile strike in Ukraine, Kyiv says

Dozens killed or wounded in Russian missile strike in Ukraine, Kyiv says

At least 25 killed in missile strike – Ukrainian officials Dead were civilians planning to enter Russia-held area Police say attacks involved at least three missiles ZAPORIZHZHIA, Ukraine, Sept 30 (Reuters) – Dozens of civilians were killed or wounded in what Kyiv said was a cynical Russian missile strike on a convoy of civilian cars … Read more

Russian spy chief: West was behind sabotage of Nord Stream

Russian spy chief: West was behind sabotage of Nord Stream

Spy chief: West was involved Spy chief: West trying to cover up Putin: this was an act of international terrorism TBILISI/LONDON, Sept 30 (Reuters) – Russia’s top spy said on Friday that Moscow had intelligence indicating that the West was behind what he said was a “terrorist act” against the Nord Stream gas pipelines under … Read more

Russia says Nord Stream likely hit by state-backed ‘terrorism’

Russia says Nord Stream likely hit by state-backed ‘terrorism’

Kremlin says damage to pipelines looks like ‘terrorism’ EU official says leaks change nature of Ukraine conflict European officials say Russian ships seen nearby -CNN MOSCOW/BRUSSELS, Sept 29 (Reuters) – Russia said on Thursday that leaks spewing gas into the Baltic Sea from pipelines to Germany appeared to be the result of state-sponsored “terrorism”, as … Read more