Oil rises as EU agrees further sanctions threatening Russian oil flows
By Georgina McCartney (Reuters) -Oil prices rose on Wednesday after the European Union agreed a further package of sanctions targeting Russia’s shadow fleet, while a larger-than-expected build in U.S. fuel…
OPEC cuts 2024, 2025 oil demand growth forecasts
Investing.com — OPEC lowered its global oil demand growth forecasts for 2024 and 2025, amid a slowness in economic growth in key markets such as China and India. The group now…
Dollar little changed after CPI; China considers letting yuan weaken
By Hannah Lang and Alun John NEW YORK/LONDON (Reuters) -The dollar was little changed on Wednesday after U.S. price data came in line with forecasts, reinforcing expectations the U.S. Federal…
OPEC makes fifth and biggest cut to 2024 oil demand growth forecast
By Alex Lawler LONDON (Reuters) -OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other regions in the producer…
Oil prices retain strength despite OPEC cutting demand forecasts
Investing.com — Oil prices rose Wednesday, with sentiment continuing to be boosted by the expectation of stimulus measures in top importer China, even as a group of top producers cut…
Oil prices trim gains as OPEC again cuts oil demand growth outlook
By Arunima Kumar (Reuters) -Oil prices were up about 1% on Wednesday having pared gains after producers group OPEC cut its forecasts for demand growth in 2024 and 2025. OPEC…
China’s yuan likely to stabilise and strengthen, central bank says
BEIJING (Reuters) – The foundation for a “basically stable” yuan exchange rate remains “solid,” according to an article published by Financial News, the People’s Bank of China’s publication, on Wednesday.…
OPEC again cuts 2024, 2025 oil demand growth forecasts
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Google’s Willow: Can the Quantum Chip Break Bitcoin?
Google’s revolutionary quantum chip, Willow, is leading to heated debates over Bitcoin’s security and the future of crypto resilience. Google’s Willow: The Quantum Chip That Could Redefine Computing Quantum computing…
Analysis-Weaker Chinese yuan talk raises spectre of FX race to the bottom
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – High-level discussions in China about allowing its currency to weaken next year underscore the risk for investors and companies that big…
