In November 2016, OPEC members pledged to reduce their oil output by about 1.2 million barrels per day (bpd) for six months, starting January 2017. Subsequently, 11 non-OPEC oil producers, including Russia, teamed up with OPEC by agreeing to lower … Continued
Key Highlights US stocks retreat slightly as market activity remains subdued Mixed bag of economic data pushes European indices in different directions Asian markets finished mixed as diverse set of domestic economic, political and regulatory factors weigh on markets … Continued
Last week, Greece and its international creditors reached a deal on a series of reforms that paved the path for progress in its bailout process. Greece would receive a bailout of around €7 billion in new rescue loans. The breakthrough … Continued
Emmanuel Macron, independent centrist and former investment banker, who had never fought an election before, won convincingly over far-right nationalist Marine Le Pen in the French presidential race. This proved to be a historic election in various aspects as neither … Continued