Citigroup’s morse sees a need to extend OPEC deal
23 February 2017 | 1:26 pm
Ed Morse, global head of commodities research at Citigroup, examines Mexican oil production, U.S. energy policy, and the impact of OPEC's output cut.
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March 8, 2023
6 Oct 2022
OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.
7 Oct 2022
The decision by the OPEC+ oil cartel to lower global production to 2 million barrels per day starting in November has prompted the US to dip into its Strategic Petroleum Reserve to dampen prices. An upcoming price cap on Russian oil could also add more inflationary pressure if Moscow decides to respond by cutting supply to participating countries.
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OPEC+ is cutting global oil production to drive up prices. The move shows that Russia can still count on the cartel led by Saudi Arabia to help it bolster its war chest.
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Taking inspiration from Ann L. Mason, a U.S. diplomat who was already using a tuk tuk, three other diplomats, Shareen J. Kitterman, Ruth Holmberg and Jennifer Bywaters have bought personalised tuk tuks.
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A now-deleted graphic of the Group B standings posted on Saturday across U.S. Soccer's official Twitter, Instagram and Facebook accounts displayed a plain green, white and red flag.
Arm, the British chip designer owned by Japan's SoftBank Group, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year, people familiar with the matter said on Sunday.
U.S. Vice President Kamala Harris left Ghana and flew to the Tanzanian commercial capital, Dar Es Salaam, where she was greeted by Vice President Philip Mpango.
The oil production cuts will total more than a million barrels per day — the biggest reduction since OPEC slashed two million barrels a day in October.
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war chest.
President Joe Biden met with U.K. Prime Minister Rishi Sunak in Belfast, Northern Ireland on Wednesday as part of a visit to mark the 25th anniversary of Northern Ireland's 1998 peace deal.
China urges U.S. to explain leaked military documents.
The oil and gas industry is playing an important role in the energy transition by providing the affordable and reliable energy needed to fuel fair growth and improved living conditions for all, producing this energy with decreasing emissions to support a net-zero world.
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