Markets
Vitol exec warns Opec it needs to maintain supply cuts
USA oil production is 9.3 million barrels per day, up nearly 10 percent since mid-2016. Production rose, however, and gasoline demand over the last four weeks was 2.5 percent lower than at the same time period a year ago. Russian Federation has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up price... [Full Article...]
Trump signs executive order to prevent computer hacking
Officials are also to prepare reports on resilience to botnets, attacks against the electric utilities and readiness to respond. The American Technology Council has been deemed the president's lead on all things modernization, Thomas Bossert, the president's homeland security adviser, said in Thursday's White House press conference. [Full Article...]
Persimmon plc (PSN) Earns "Buy" Rating from Beaufort Securities
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BT. The company has market cap of $127.15 million. Therefore 67% are positive. Persimmon plc presently has an average rating of "Hold" and a consensus target price of GBX 2,142 ($27.70). According to this price target, it now means the analyst believes there is a potential increase of 17.05%... [Full Article...]
Iraq, Algeria support extension of oil production cuts
Distillate stockpiles, which include diesel and heating oil, dropped 1.6 million barrels, versus expectations for a 1.0 million-barrel draw, the EIA data showed. OPEC said its production, including Nigeria and Libya, fell by about 18,000 bpd in April to 31.73 million bpd, according to the secondary sources. Due to the higher supply expected from outside producers, OPEC trimmed forecast demand fo... [Full Article...]
Lebanon's culture minister commends China's Belt and Road Initiative — Interview
In order to back this objective up, China set up the Asian Infrastructure Investment Bank, with initial capital of $ 100 billion United States dollars, and earmarked $ 40 billion USD for the Silk Road Fund. "Big infrastructure projects often require massive funding and extensive due diligence and risk assessment". In the context of Southeast Asia, the clash between the official Chinese win-win d... [Full Article...]
OPEC Crude Oil Production Unchanged in April: Platts
The decline is being driven by expanding US output that's countering the group's curbs. He said traders saw $45 as an important level because the Saudi oil minister said earlier this week that prices would be kept in the $45-55 range. dollars (£40.96). The two ETFs will gain exposure to the benchmark by investing in listed futures contracts for West Texas Intermediate sweet, light crude oil future... [Full Article...]
President Trump fires FBI Director James Comey
FBI Director James Comey has been fired , according to the White House. But the meeting will be impossible to separate from the Trump administration's unfolding political drama in Washington , where an FBI and congressional investigations are looking into possible collusion between Trump campaign associates and the Kremlin related to last year's presidential election. [Full Article...]
White House: President Trump fires FBI Director James Comey
Comey acknowledged in March that the Federal Bureau of Investigation has been investigating potential collusion since July. Sen. Ron Wyden, D-Ore., a member of the Senate Intelligence Committee, said in a post on Twitter that Comey "should be immediately called to testify in an open hearing about the status of Russia/Trump investigation at the time he was sacked". [Full Article...]