Tag: Cuts
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Up Rain Update:लखनऊ समेत कई जिलों में आफत बनी बारिश, सड़कें जलमग्न; घंटों से बिजली गुल, घरों में फैला अंधेरा – Up Rain Update Weather May Remain Like This Till September 12 Power Cuts At Many Places Due To Heavy Rain
[ad_1] Up weather update – फोटो : अमर उजाला विस्तार उत्तर प्रदेश की राजधानी लखनऊ और आसपास के जिलों में रविवार रात से हो रही भीषण बारिश ने जनजीवन अस्त-व्यस्त कर दिया। कई घरों में पानी घुस आया है। निचले इलाकों में हालात बद से बदतर हो गए हैं। जलभराव के चलते कुछ इलाकों में…
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Oil jumps 7% on week as rally restarts on OPEC threat of more cuts
[ad_1] Investing.com – As OPEC, you just have to say it, and worry about doing it later, or not doing it at all. But the market will respond, as you want it to, and that’s all that matters. Crude prices hit 7-month highs on Friday, jumping as much as 7% on the week, responding to…
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Crude oil higher as top producers seen extending output cuts
[ad_1] Investing.com — Oil prices rose Thursday, hitting three-week highs on rising expectations of tightening supplies from some of the globe’s largest producers. By 09:20 ET (13.20 GMT), the futures traded 1.3% higher at $84.69 a barrel, while the contract climbed 1.1% to $87.78. Both contracts were up more than 3% this week, with the…
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UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts – Winnipeg Free Press
[ad_1] GENEVA (AP) — Swiss bank UBS announced Thursday plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations, as UBS released its first earnings report since the government-orchestrated merger to help stave off a possible global financial meltdown. The announcement came as the…
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Oil down again; Saudi-Russia cuts lose out to weak China, hawkish Fed
[ad_1] Investing.com — The Saudi-Russian bid to get more money for a barrel of oil is foundering against Chinese buying reluctance and rallying Treasury yields and the that are weighing on commodities denominated in the U.S. currency. Crude prices initially rallied Monday as data from oil cargo tracker Kpler indicated a dramatic drop in crude…
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Gold edges higher, copper muted after China cuts rates
[ad_1] Investing.com — Gold prices rose slightly on Monday, steadying after steep losses over the past four weeks as markets awaited more cues on U.S. monetary policy, while copper prices were flat after a Chinese interest rate cut missed expectations. Focus this week is largely on the on Thursday and Friday, where Federal Reserve Chair…
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Oil dips; Saudi cuts mania at cross-roads with slowing U.S. road travel
[ad_1] Investing.com — It’s the Saudi playbook: Cut production when demand is bad and punish your best customers (Asians) who are beholden to you. Despite doubling down on these, OPEC’s front-runner couldn’t put too much octane into the oil rally Monday, with crude prices feeling heavy after a six-week run-up. New York-traded West Texas Intermediate,…
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Crude oil up on Saudi Arabia, Russia extending supply cuts next month.
[ad_1] yesterday settled up by 1.45% at 6859 underpinned by Saudi Arabia and Russia’s announcement that they would extend voluntary supply cuts through next month. Saudi Arabia said it would extend its 1 million barrels per day production cut for another month, while Russia said it will also reduce its oil exports by 300,000 bpd…
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Crude oil up gains Saudi Arabia extends cuts.
[ad_1] Crude oil yesterday settled up by 3.13% at 6761 after Saudi Arabia extended its voluntary one million barrel per day output cut by another month to the end of September. Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month including September. “This additional voluntary cut…
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Oil up 6th week on Saudi cuts gambit; Charts show overbought market
[ad_1] Investing.com — Play it to the hilt. Like an encore demanded each time OPEC performs, the Saudi-cuts gambit rose to the occasion again this week, with the kingdom announcing ahead of its monthly meeting on Friday that it will drop another million barrels per day from its September production — akin to what it…