Markets
OPEC agrees to increase oil output 1 million barrels a day
But unexpected outages in Venezuela , Libya and Angola have effectively brought supply cuts to around 2.8 million bpd in recent months. Iran, for example, has been hit by US sanctions that hinder its energy exports. "We want to prevent the shortage and the squeeze that we saw in 2007-2008", Falih said , referring to a time when oil rallied close to $150 per barrel. [Full Article...]
Saudi Arabia to see potential $10bn windfall from MSCI upgrade

Will You Have to Pay More Sales Taxes on Your Online Purchases?
The Supreme Court threw out previous precedent on Thursday to allow states to collect sales tax from online vendors, a major change that represents higher prices for online consumers, but a huge financial win for states. However, smaller e-tailers like Newegg used to have a no-tax advantage. A U.S. Supreme Court decision expanding the ability of states to pull in tax dollars from online pu... [Full Article...]
What to Expect From the OPEC Meeting
Tariffs on 29 U.S. goods to be hiked after 45 days

European Union slaps retaliatory tariffs on U.S. goods

Daimler first firm to warn Trump's tariffs will hit profits

TSX dips with oil ahead of OPEC meeting
That would effectively mean a modest boost from producers such as Saudi Arabia that has been cutting more deeply than planned despite production outages in Venezuela and Libya. Sources told Reuters on Thursday that Iran wants any increase to be justified on demand conditions and not dictated by outside external pressure, as even some of Saudi Arabia's traditional allies have accused the kingdo... [Full Article...]