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OPEC reportedly plans quiet oil output cut to avoid Trump‘s ire

OPEC reportedly plans quiet oil output cut to avoid Trump‘s ire

and are reportedly planning to throttle back oil production but will attempt to message the output cut in a way that does not antagonize President . The strategy, to The Wall Street Journal, implies that top OPEC producer Saudi Arabia would slash production by up to 1 million barrels per day. OPEC is preparing to pull back output because the […]

Arsenal announces installation of battery storage system at Emirates Stadium

Arsenal announces installation of battery storage system at Emirates Stadium

Goldman expects commodities to rebound in 2019, says oil and gold prices are ‘extremely attractive‘

Goldman expects commodities to rebound in 2019, says oil and gold prices are ‘extremely attractive‘

said Monday commodities could surge around 17 percent over the coming months, with a fast-approaching G-20 meeting cited as a potential launchpad for raw materials. A dramatic sell-off in commodities comes at a time when traders are closely monitoring a flurry of market drivers. So far this month, oil prices have collapsed on intensifying oversupply concerns, metals have fallen amid […]

BP‘s Middle East chief isn‘t worried about low oil prices, says $50 a barrel is ‘within range‘

BP‘s Middle East chief isn‘t worried about low oil prices, says $50 a barrel is ‘within range‘

Oil producers across North America may be looking at dialing back their investment plans amid plummeting oil prices in recent weeks, but BP‘s Middle East chief is unfazed. The British oil giant has planned its investments with a wide price range in mind, accounting for drops like November‘s, BP Middle East President Michael Townshend told CNBC on Sunday. “You don‘t […]

Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns

Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns

The rapid plunge in oil prices to $50 a barrel is bad for the United States and threatens to create problems in the credit market, warns Jeff Currie, head of commodities research at . Currie‘s opinion is at odds with the view from the White House, where President has been and urging to drive prices even lower. The president, eager […]

Trump advisor Bill Shine getting $7 million in bonuses from Fox News while he‘s at the White House

Trump advisor Bill Shine getting $7 million in bonuses from Fox News while he‘s at the White House

Bill Shine, the former Fox News executive and current top communications official under President , received $8.4 million in severance pay from the network‘s parent company 21st Century Fox after he resigned in May 2017, according to a White House financial disclosure report first reviewed by CNBC. The form also shows that Shine is due bonuses and options for the […]

Right-wing conspiracy monger Jerome Corsi is in plea negotiations with special counsel Mueller

Right-wing conspiracy monger Jerome Corsi is in plea negotiations with special counsel Mueller

Jerome Corsi, , is in plea negotiations with special counsel Robert Mueller. Corsi confirmed the talks, first reported by The Washington Post, to NBC News on Friday. Corsi‘s attorney, David Gray, declined comment on the negotiations. A special counsel spokesman also declined to comment. Corsi said in an interview with NBC earlier this month that Mueller‘s team told him he […]

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