OPEC+ will reportedly persist with symbolic monthly output hikes; OPEC+ reportedly plans to complete its series of quota hikes, according to delegates cited by Bloomberg
OPEC+'s decision to continue with incremental monthly output hikes signals their intent to gradually manage supply rather than implement drastic changes.
Cabinet Minister tells Mail on Sunday's Hodges 2/3 of the Cabinet now believe Starmer needs to set out a timetable for his departure; told this was communicated to Downing Street yesterday
US Treasury Secretary Bessent, asked about reports that Nvidia (NVDA) H200 chips have been approved for some China companies, says it would be news to him if the firms were approved
OPEC+ will reportedly persist with symbolic monthly output hikes; OPEC+ reportedly plans to complete its series of quota hikes, according to delegates cited by Bloomberg
US Treasury Secretary Bessent on China says the Board of Investment will discuss nonstrategic, nonsensitive areas where the Chinese could invest; pushes back against USD 1tln number
Allies of UK Health Secretary Streeting believe his leadership announcement could be pre-empted by PM Starmer announcing a timetable for his departure, possibly today, ITV's Peston; adds, less-partisan sources say "in the end game"
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This approach is likely to support oil prices in the near term, as it reflects a controlled response to global demand, and may influence perceptions in FX markets, particularly for commodity-linked currencies like the CAD and NOK.
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