US Politics & Business News
Oil markets were jolted after OPEC+ agreed to raise output by 206,000 barrels per day from April, even as shipping disruptions intensified across the Gulf region. The decision coincided with conflict involving the United States and Israel against Iran, alongside Tehran’s retaliation, which disrupted flows from key Middle Eastern producers. The Strait of Hormuz, responsible…
Merrill Lynch Kingdom of Saudi Arabia is set to halt its market-making activities for Saudi Arabian Oil Co from February 8, following approval from the Saudi Exchange. The exchange confirmed the decision in a formal notice, marking a notable shift in trading dynamics for one of the region’s most closely watched stocks. Why Market-Making Matters…
Libya is preparing to sign a major long-term energy agreement that signals renewed ambition to stabilise and expand its oil sector through large-scale international cooperation. The agreement will be signed with France’s TotalEnergies and U.S.-based ConocoPhillips and will run for 25 years, marking one of the most significant foreign-backed energy commitments in the country’s recent…
Global markets were jolted on Monday as investors reacted to mounting concerns over the political independence of the Federal Reserve. Precious metals surged to record levels, the U.S. dollar weakened, and stock markets swung sharply as uncertainty took hold. The volatility followed an announcement from Federal Reserve Chair Jerome Powell that he is under criminal…
As Cleveland embarked on his second term, the nation faced severe economic turmoil. The Panic of 1893 triggered a prolonged depression, testing Cleveland’s leadership and policy initiatives.