Bloomberg Politics

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. 

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.  

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.