oil Archives - Global Banking Monitor

Saudi Arabia’s Economy Slows Due to Oil Cuts and Price Decline

Saudi Arabia’s growth slumped in the second quarter as a drop in oil prices and the government’s decision to cut production push the country...

Oil Market Sees Rally Continue for Fourth Straight Week as Supply Tightens

Oil prices rose nearly 2% on Friday to record a fourth consecutive weekly gain, buoyed by growing evidence of supply shortages in the coming...

Oil Settles Lower as Tighter Supplies Compete with Concerns Over Rate Hikes

Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced...

Russia reports cutting oil output by 700,000 barrels per day in March

Russia’s Energy Ministry said the nation reduced its oil output by about 700,000 barrels a day last month, according to a person familiar with...

Saudi Arabia Increases Oil Prices to Asia in Response to OPEC+ Surprise Cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise...

What OPEC’s surprise production cut means for our oil stocks

Crude prices and oil stocks jumped Monday after OPEC+ members announced a surprise production cut, giving investors an opportunity to pare back their energy...

OPEC+ announces surprise oil production cut that could lead to higher prices at pump

A group of OPEC+ member countries on Sunday announced voluntary oil production cuts that will run from May through the end of this year. The...

Ecuador’s Central Bank Cuts 2023 Growth Forecast on Reduced Oil Exports

Ecuador's central bank on Friday cut the Andean country's economic growth forecast for the year to 2.6%, from 3.1%, citing the impact of reduced...

Data is the new oil… well, ok, not yet.

This is an opinion post by Ewan MacLeod, originally posted on New Era Digital Partners' LinkedIn Page and is republished with permission. This week...

Banking crisis prompts investors to shift from oil to gold

The sudden collapse of Silicon Valley Bank has sent shockwaves through the entire financial sector and marked the biggest bank failure since the 2008...

Russian Business Continues to be Avoided by Major Oil Traders

The world’s biggest oil traders said they’re wary of trying to muscle back into Russian exports, a response that might disappoint the US Treasury...

Iraq’s oil exports averaged 3.33 mln bpd in December – oil ministry

BAGHDAD, Jan 2 (Reuters) - Iraq's oil exports averaged 3.33 million barrels per day (bpd) in December, the country's oil ministry said in a...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

Tag: oil