Tag: cut

Goldman Sachs forecast a ‘front-loaded’ rise in the oil price on a 1mn bbl/day OPEC+ cut

OPEC+ is widely expected to announce it'll cut its oil output by 1mn (or more) barrels per day at Wendesday's meeting:Goldman Sachs on why OPEC+ wpould cut:"The collapse in investor participation, driving liquidity...

Oil – An OPEC+ 1mn barrel / day output cut “would tighten the market considerably”

In brief summary comments on oil via ANZ. Crude oil prices rallied sharply as expectations of a large cut to OPEC production rose. The OPEC+ alliance is due to meet in Vienna on...

British Pound Soars as Truss Cans Tax Cut Plan. Will GBP/USD Extend its Recovery?

BRITISH POUND OUTLOOK:GBP/USD rallies after the UK government scraps expensive and unfunded plan to cut taxesWhile the Prime Minister’s credibility has been damaged, investors welcome the move towards a less irresponsible fiscal stanceThe...

OPEC Source: OPEC+ Discusses Potential Oil Output Cut In Excess Of 1 Million Barrels/Day

The OPEC+ group of oil producers is discussing potential output cuts of more than 1 million barrels per day (bpd), an OPEC source said, excluding any voluntary cuts by individual members."It may be...

Kwarteng Announces Tax Cut U-Turn, GBP Turns Higher

Sterling (GBP) News and AnalysisPound Sterling lifts on UK tax cut reversalGBP/USD attempts to recover recent losses but fundamentals remain weakMajor event risk: Tory party conference, US PMI data and non-farm payrolls (NFP) Recommended...

Sterling rebounds on reversal of proposed tax cut, yen weakens By Reuters

2/2 © Reuters. FILE PHOTO: A worker pushing a trolley walks with pedestrians past the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 7, 2017. Picture taken March 7, 2017....

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