adminAI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources,…
Oil Drops With Weak Chinese Demand Overshadowing Libya Outage
(Bloomberg) — Oil fell as Chinese demand concerns outweighed supply disruptions in Libya. Most Read from Bloomberg Global benchmark Brent dropped below $76 a barrel and West Texas Intermediate traded…
Brazil Economy Soars Past All Forecasts as Bets on Interest Rate Hikes Grow
(Bloomberg) — Brazil’s economy grew much more than expected in the second quarter, powered by strong consumer spending, raising the prospect of interest rate hikes in the near future. Most…
Oil prices fall as demand concerns overshadow Libyan export halt
By Colleen Howe and Emily Chow SINGAPORE (Reuters) -Brent oil prices fell on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased worries about demand that…
Bank of Korea sees inflation staying stable for time being
SEOUL (Reuters) – South Korea's central bank said on Tuesday that consumer inflation was expected to maintain the current stable trend for the time being. The Bank of Korea said…
Korean Inflation Slowing to Target Nudges BOK Closer to Pivot
(Bloomberg) — South Korea’s inflation slowed more than expected to the central bank’s target, opening the door for monetary officials to conduct a policy pivot as soon as next month…
Chile Economic Activity Beats Forecasts as Markets See New Interest Rate Cut
(Bloomberg) — Chile’s economy expanded at the fastest pace in six months in July as investors bet the central bank will resume its cycle of gradual interest rate cuts to…
Oil Gets Lift From Libyan Force Majeure Declaration at Key Field
(Bloomberg) — Oil extended gains after Libya declared force majeure at a key oilfield amid widening shutdowns that have wiped out close to a million barrels from daily global supplies.…
Crucial jobs report kicks off a new month: What to know this week
After a whipsaw month of market action, the S&P 500 (^GSPC) logged its fourth-straight winning month to end August. For the month, the S&P 500 added nearly 2.3% while the…
US rights watchdog cites
KAMPALA, Uganda (AP) — Oil activities on the shores of Uganda’s Lake Albert have triggered widespread suffering among locals facing forced displacement and other violent abuses, a U.S. climate watchdog…
