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Discover Latest #OPEC News, Articles and Videos with Contenting
OPEC OPEC (Organization of the Petroleum Exporting Countries) is a group of 13 major oil-exporting nations, including Saudi Arabia, Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, the United Arab Emirates, Venezuela and Indonesia. The mission of the organization is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry. OPEC works to ensure the stability of global oil prices and promote the development of economic and social projects in member countries. OPEC also works to reduce global dependence on oil and promote the use of alternative energy sources.
Trump plans to lower oil costs and bring manufacturing back to the US By Investing.com - Forex Trader Hub
Investing.com -- President Donald Trump recently addressed world leaders at Davos and outlined his plans to lower oil costs and bring manufacturing back to the United States. He stated his intention to ask Saudi Arabia and other OPEC nations to reduce oil prices, and reiterated his threat to use tariffs to drive manufacturing back to
S&P 500 notches closing record with focus on Trump comments, earnings
(Reuters) -The benchmark S&P 500 rose to a record closing high on Thursday, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices. At the World Economic Forum in Davos, Switzerland, Trump demanded that OPEC lower oil prices and that central banks reduce interest rates, while he warned global business leaders they will face tariffs for products made outside of the U.S. While investors have been cautiously monitoring Trump's comments about tariffs, they "like the idea of interest rates coming down, of oil prices coming down," said Lindsey Bell, chief strategist at 248 Ventures.
Baystreet.ca - USD / CAD - Canadian dollar stuck in the middle
- Loonie consolidates gains following Trump’s Davos speech. - Trump tells Opec to lower prices. - USD falls sharply on improved risk sentiment. USDCAD: open 1.4328, overnight range 1.4315-1.4384, close 1.4385, WTI $75.05, Gold, $2776.05 The ...
Oil Prices, Interest Rates and War - Econlib
The Financial Times recently reported that President Trump is encouraging OPEC producers to boost supply: Donald Trump has called on Opec to push down global oil prices and insisted that central banks around the world lower interest rates “immediately” afterwards. In a speech to executives in Davos on Thursday, the US president urged Saudi Arabia […]
Baystreet.ca - Why OPEC Is Unlikely To Bow To Pressure From Trump
A week ago, Trump laid out his energy policy agenda in his 23 January address to the World Economic Forum, urging OPEC to lower oil prices in a bid to end Russia’s war in Ukraine. “And I’m also going to ask Saudi Arabia and OPEC to bring down the ...
Reuters hires Kopecki as corporate finance editor - Talking Biz News
Paritosh Bansal, global finance and markets editor at Reuters, sent out the following: Colleagues, I am delighted to report that Dawn Kopecki has joined Reuters as editor for our corporate finance coverage in the Americas as well as ESG, reporting to me. Dawn started this morning in DC and will move to New York in the coming […]