The OPEC+ oil association was unable to agree on official production cuts at its meeting last Thursday. However, individual member states announced plans for cuts. In a joint statement after the meeting, the more than twenty OPEC+ states also announced that Brazil would join the production alliance at the beginning of next year.
THIS AUTHOR'S POSTS
More Optimistic Outlook for German Economy among Experts
Stock market professionals are less pessimistic about the prospects for the German economy in the next six months. This is shown by the current economic barometer of the Center for European Economic Research (ZEW). The government also wants to get the economy moving again with additional relief measures.
Holiday sales: Hopes for record season in the US
The robust labor market and many special offers give hope for another record Christmas season in the USA. The latest market research data also shows that, despite inflation and high interest rates, Americans are once again planning to spend more over the holidays this year.
Middle East Conflict continues: worries about expansion to other countries
Roughly two weeks after the surprising terrorist attacks by the radical Islamic Hamas ruling the Gaza Strip, on targets in Israel, the military conflict in the country continues unabated. The war in the region also continues to dominate the financial and commodity markets, with global concerns that the conflict could possibly spread to other countries in the Middle East being the main driver of uncertainty.
Inflation continues to fall: Do interest rate hikes now come to an end?
Inflation in the Eurozone is expected to fall further. According to initial estimates, the inflation rate fell more sharply than expected in August. With a view to the next ECB interest rate decision at the end of October, the question now arises: Do interest rate hikes now come to an end?
Crude Oil Prices Hit Highest Level in 10 Months
Oil prices have been rising steeply for several weeks. The prices of the most important oil companies have also risen. How can investors profit?
Semiconductor Industry Picking up Speed Again: AI Chips Are Booming
After a period of declining sales, the semiconductor industry is expected to get back on track and return to growth in 2024. In particular, chips developed specifically for AI applications are a big driver of the boom.
The known unknown: China’s recovery proves more difficult than expected
After getting off to a good start at the outset of the year, economic recovery in China has recently stalled again. Following the lifting of stringent measures to contain the pandemic, the path out of the crisis is proving slower than expected. The flagging domestic demand as well as the ailing real estate sector, have recently put a damper on the world’s second-largest economy.
Turnaround in the Energy Market: Power Companies Raise Forecasts, Oil Companies’ Profits Drop
The decline in crude oil prices has led to a trend reversal in the energy market this year: while many power companies have recently raised their profit forecasts, the major oil companies suffered massively from the recent drop in crude oil prices. Meanwhile, in the effort to reach climate targets, the trend toward renewable energies continues unabate
E-vehicles boom unbroken
The automotive industry is slowly regaining momentum after the pandemic and supply bottlenecks. E-Vehicles are experiencing a real boom. How can you profit as an investor?