Sam Meredith’s Posts

A newly-discovered oilfield in the Norwegian part of the North Sea is on track to produce almost 0.5% of global oil supplies next year, despite calls for it to immediately stop producing crude altogether.

The anticipated showdown, which could take place as early as next week, comes shortly after Tesla unveiled its all-electric Cybertruck.

China’s top trade official has invited U.S. negotiators to take part in a fresh round of face-to-face talks, The Wall Street Journal reported Thursday, citing people familiar with the matter.

Gao Feng, a spokesperson for China’s Commerce Ministry, said that both sides had agreed to simultaneously cancel some existing tariffs on one another’s goods, according to the country’s state broadcaster.

A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital Management.

Attacks on two critical production facilities in Saudi Arabia over the weekend have boosted concerns about supply security in the Middle East and raised the risk premium in the global crude market, according to several energy market analysts.

China’s Ministry of Finance announced plans to exempt 16 types of U.S. products from additional tariffs on Wednesday, including food for livestock, cancer drugs and lubricants.

China is expected to dramatically reduce its intake of U.S. crude imports over the coming weeks, energy analysts have warned, following the latest flare-up in trade war tensions between the world’s two largest economies.

China’s central bank has firmly rejected the U.S. Treasury’s designation of Beijing as a currency manipulator, saying the accusation has “seriously” undermined the international financial order and risked further market turmoil.

China’s foreign ministry pushed back against President Donald Trump’s latest tariff threat on Friday, reportedly saying the world’s largest economy should give up its illusions, shoulder some responsibility and come back to the right track on resolving the trade war.

Morgan Stanley does not expect rising tensions in the world’s most important oil chokepoint to lead to a sustained jump in oil prices.

OPEC and its allies looked all but certain to extend oil supply cuts by nine months, after several members of the Middle East-dominated producer group endorsed a policy designed to support oil prices amid a weakening global economy.

President Donald Trump is threatening to impose “major” new sanctions against Iran on Monday, ramping up the pressure on the Islamic Republic at a time when its economy is straining under the weight of financial restrictions.

U.K. Prime Minister Theresa May hopes it will be a case of third time lucky next week, when the embattled Conservative Party leader brings her Brexit deal to Parliament yet again.