Texas Governor Sees Opening for Shale in OPEC’s Surprise Oil Cut
Texas Governor Greg Abbott sees an opportunity for Lone Star State shale drillers to massively boost crude production in light of OPEC’s surprise decision to crimp output.
Texas Governor Greg Abbott sees an opportunity for Lone Star State shale drillers to massively boost crude production in light of OPEC’s surprise decision to crimp output.
(Bloomberg) — Chile’s economic activity fell more than expected on a drop in mining production, as analysts expect the central bank to hold its key interest rate at the highest in over two decades at this week’s policy meeting.Â
OPEC+’s surprise move to cut 1 million barrels a day of oil production is poised to raise US fuel prices just as President Joe Biden is expected to launch his re-election campaign. He has a limited range of options with which to respond.
If ever there was any doubt over Saudi Arabia’s growing international assertiveness, Sunday’s decision to slash OPEC+ oil production put it to rest.
Ukraine’s allies should raise their annual defense spending to 2.5% of gross domestic product as Russia’s war in Ukraine has stoked fears of its future intentions, a top official in Estonia said.
(Bloomberg) — Brazil analysts kept their inflation forecasts for next year and beyond unchanged after President Luiz Inacio Lula da Silva’s government presented a highly-anticipated fiscal rule proposal to help control the growth of public debt. Â
Hungarian Prime Minister Viktor Orban waded deeper into US politics with a message of support for former President Donald Trump before his arraignment, underscoring his pro-Republican leanings and his chilly relations with the Biden administration.
Teachers in England rejected a government pay offer, paving the way for further strikes and providing a fresh blow to Rishi Sunak’s government.
An Indian court suspended a two-year sentence for opposition leader Rahul Gandhi until it hears his appeal in a defamation case.
Shipments topped 4 million barrels a day for the first time in the week to March 31.