Tag: OPEC
Oil cartel lowers production target – Saudi Arabia voluntarily cuts even further
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt OPEC-plus lowers…
OPEC meeting: Saudi Arabia voluntarily cuts funding
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt Opec-plus is…
Saudi Arabia is making voluntary funding cuts
The United Arab Emirates Opec delegation In April, the oil cartel surprised with production cuts, now there is a dispute about which country should produce how much oil. (Photo: Reuters)…
Agreement on US debt ceiling gives investors a sigh of relief
Frankfurt The leading German index, the Dax, rose significantly on Friday. After a hesitant start, the stock market barometer climbed until late afternoon and closed with a plus of a…
Why weakening US prices are a warning signal for the Dax
Berlin The leading German index has gained a good 15 percent since the beginning of the year. But many shareholders are wondering how much longer this rally will last. After…
Agreement on US debt ceiling gives investors a sigh of relief
Frankfurt The leading German index, the Dax, rose significantly on Friday. After a hesitant start, the stock market barometer climbed by around one percent to 16,051 points, once again exceeding…
Agreement on US debt ceiling gives investors a sigh of relief
Frankfurt The leading German index, the Dax, rose significantly on Friday. After a hesitant start, the stock market barometer had climbed a good one percent to 16,022 points by midday,…
Agreement on US debt ceiling gives investors a sigh of relief
Investors react with relief to the final agreement on raising the US debt ceiling. Late Thursday night, the second chamber of legislature, the Senate, also passed President Joe Biden-backed legislation…
Agreement on US debt ceiling gives investors a sigh of relief
Frankfurt The German leading index Dax started Friday with a plus. The stock market barometer rose by 0.6 percent in early trading to 15,948 points and is thus once again…
Optimism in the debt dispute and speculation on an interest rate pause are driving US stock markets
Frankfurt Progress in the US debt dispute pushed Wall Street into the black on Thursday. The Dow Jones index of standard values rose by 0.47 percent to 33,061 points. The…
Dax closes slightly in the red on Thursday
Dusseldorf Burdened by poor economic figures, the leading German index recorded a minus of 0.3 percent on Thursday. In the first hours of trading, the Dax lost 0.7 percent. At…
Dax in the afternoon without impulses – the 16,000 point mark is a long way off
Dusseldorf Burdened by poor economic figures, the leading German index started Thursday with losses. In the first hours of trading, the Dax temporarily lost 0.7 percent. At noon he compensated…
US stock exchanges close in the red – burdened by debt dispute
New York, Dusseldorf The ongoing debt dispute in the US is getting on the nerves of Wall Street investors more and more. The Dow Jones index of standard values closed…
Major US bank raises forecast after takeover – Wall Street closes undecided
New York, Dusseldorf Worries about a possible US default have dampened Wall Street investors’ mood. The Dow Jones lost 0.4 percent on Monday to 33,287 points. The tech-heavy Nasdaq, meanwhile,…
Why the price of oil could rise in the long term
Oil pump in the Permian Basin of Texas Frankfurt Although the oil alliance Opec plus announced in April that it would cut oil production by around one million barrels a…
Dow Jones, S&P 500, Nasdaq: Corporate balance sheets support Wall Street
new York Surprisingly strong corporate balance sheets sent Wall Street higher on Thursday. The Dow Jones index of standard values gained 1.1 percent to 33,646 points. The broader S&P 500…
Habeck expects a gradual economic recovery – forecast for 2023 raised
Berlin Robert Habeck swears by unity. The Federal Minister of Economics spoke of a “great joint effort” when presenting the Federal Government’s new economic forecast on Wednesday. Habeck is now…
Habeck expects a gradual economic recovery – forecast for 2023 raised
Berlin Robert Habeck swears by unity. The Federal Minister of Economics spoke of a “great joint effort” when presenting the Federal Government’s new economic forecast on Wednesday. Habeck is now…
Venezuela’s oil industry is on the brink of collapse – but there is hope
Oil production in Venezuela The government of the dictator Nicolás Maduro enriches itself from the country’s oil industry. (Photo: dpa) Paraguana Glenda Galvis Colmenares is always amazed when she looks…
“Not out of the woods yet”
Gita Gopinath “I think we’re not out of the woods yet and that energy prices could go up again.” (Photo: Bloomberg) Washington The International Monetary Fund (IMF) is predicting a…