Home Topics Stephen Innes

Stephen Innes

Pound Sterling

Pound drops as Boris Johnson faces battle to pass Brexit bill

Sterling fell Friday as investors fret over Boris Johnson’s chances of pushing his Brexit deal through parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil rises on hopes for deeper OPEC output cuts, US-China trade talks

Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the U. S. and China to end their trade war.

Oil edges higher on supply worries; eyes on trade talks

Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.

Oil prices dip as gloom gathers over global economy

Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil hits six-week high on hopes of extended OPEC cuts

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.
Saudi's Prince Abdulaziz bin Salman Al Saud

Oil rises as Saudi signals OPEC cuts to continue under new minister

Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.

Oil prices jump over two percent as Saudi Arabia, Russia back supply cuts

Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices drop as traders wait for G20, OPEC+ meetings

Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East, Reuters reported.

Oil prices slip for second day on global growth worries

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the US-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.

Oil lifted toward $73 by real, threatened supply cuts

Oil edged higher toward 73 dollars a barrel on Friday, supported by real and threatened supply disruptions in the Middle East and heading for a weekly gain.

Oil prices fall on surging US crude supply, economic slowdown

Oil prices fell on Thursday as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt over growth in demand for fuel.

Oil rises one per cent on US, China trade talk optimism

Oil prices rose by around one per cent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy.
A picture taken in Tokyo on November 21, 2018 shows a stock indicator board showing the share prices of Japanese companies, with Nissan shares in the middle. (Photo by Martin BUREAU - AFP)

Tokyo shares slip after Wall Street rout

Tokyo shares ended lower Wednesday following a sharp fall in US stocks as fears over weakness in the technology sector spread throughout the wider market.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil price stabilises over supply cut by OPEC

Oil prices rose by one per cent yesterday as traders expected top exporter Saudi Arabia to push the Organization of Petroleum Exporting Countries (OPEC) to cut supply toward year-end.
US crude oil

Saudi Arabia’s production cut hikes oil prices

Oil prices climbed on Monday as the world’s biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply.

Oil prices rise as Saudi announces supply cut

Oil prices rose by about one per cent on Monday after top exporter, Saudi Arabia, announced a cut in supply for December.

Recent Stories

Kim You-geun, a national security official at South Korea’s presidential Blue House, speaks during a press briefing on the General Security of Military Agreement (GSOMIA) between South Korea and Japan at the presidential Blue House in Seoul on November 22, 2019. – South Korea will suspend the expiry of a critical military intelligence-sharing agreement with Japan, Seoul said on November 22, just hours before the pact was due to expire as the two US allies row. (Photo by Jung Yeon-je / AFP)

South Korea salvages military pact with Japan at 11th hour

The pact was due to expire at midnight amid a sharp deterioration in ties between the two democracies and market economies that has alarmed Washington as it seeks to curb the threat from nuclear-armed North Korea.

Reps PDP caucus seeks visa bans over Kogi, Bayelsa polls

The Peoples Democratic Party caucus in the House of Representatives led by Kingsley Chinda has condemned the recent elections held in Kogi and Bayelsa States, calling for visa ban and travel restrictions against those involved in the alleged manipulation, distraction and violence recorded during the exercise.

Cardinal Onaiyekan: Citizens giving up on Nigerian project

Emeritus Archbishop of Catholic Diocese of Abuja, Cardinal John Onaiyekan, on Thursday in Enugu lamented the general despair in the country, saying that long delayed and unfulfilled hopes are making people to give up on the viability of the Nigerian project.
Diego Maradona

Diego Maradona announces Gimnasia return – two days after quitting

Argentina legend Diego Maradona said he is to return as manager of Gimnasia y Esgrima La Plata - two days after he quit.

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.