Tag: cuts

More on US ban chips to China – Applied Materials cuts quarterly revenue, profit estimates

Last week the US banned Chinese companies from buying advanced chip-making equipment or employing American citizens without a licence.The impacts are mounting, these from earlier:This from Reuters:Chip-making technology supplier Applied Materials Inc said...

US EIA cuts estimates for US crude oil output

Oil is struggling today on demand worries but supply will be the story next year.The latest numbers from the EIA peg US output rising 500,000 barrels per day this year versus 540,000 bpd...

Fitch says the actual OPEC+ oil output fall will be less than the cuts

Fitch saying what we all already know. Oil producers have been unable to hit their quota production prior to the cuts. Fitch (in brief):OPEC+’s decision to cut production quotas by 2 million barrels...

Crude Oil Prices Eye Best Week Since Ukraine Was Invaded, OPEC+ Cuts Output Before NFPs

Crude Oil, WTI, OPEC+, DOE Inventory Data, NFPs - Talking Points:WTI crude oil prices are heading for the best week since late FebruaryOPEC+ output cuts, shrinking DOE inventories propel oil on WednesdayAhead, oil...

US says the oil output cuts “align Opec with Russia”

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable...

UAE set to support Saudi Arabia and Russia on oil output cuts

The UAE is likely to support substantial oil production cuts proposed by Saudi Arabia and Russia at Wednesday’s Opec+ meeting in a blow to US efforts to try to stop the deal.Full Article"Two...

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