By Stephanie Kelly and Liz Hampton (Reuters) – OPEC’s surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other producers to b[...]
Read more
April 3, 2023
Dollar skids after soft U.S. economic data; impact of OPEC+ cuts fades
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy contin[...]
Read more
Oil leaps 6% as OPEC+ shocks markets by cutting output target
By Shariq Khan BENGALURU (Reuters) – Oil benchmarks jumped 6% on Monday, the day after the OPEC+ group jolted markets with plans to cut more production, raising fears of tightening supplies whil[...]
Read more
Why is OPEC cutting oil output?
LONDON (Reuters) – OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The surprise announc[...]
Read more
Global factory activity weakens as demand falters
By Lucia Mutikani, Jonathan Cable and Leika Kihara WASHINGTON/LONDON/TOKYO (Reuters) -Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, survey[...]
Read more
Italy’s ChatGPT ban attracts EU privacy regulators
By Supantha Mukherjee, Elvira Pollina and Rachel More STOCKHOLM/MILAN/BERLIN (Reuters) -Italy’s move to temporarily ban ChatGPT has inspired other European countries to study if harsher measures[...]
Read more
Italian minister says country’s ban on ChatGPT is excessive
ROME (Reuters) – Italy’s deputy prime minister on Sunday criticised a decision by the government’s Data Protection Authority to temporarily ban chatbot ChatGPT, saying the block over[...]
Read more
Rivian reiterates production forecast as EV maker rushes to boost output
(Reuters) – Rivian Automotive Inc maintained its annual forecast on Monday as the electric-vehicle maker scrambles to lift output in an industry under pressure from an uncertain economy and a pr[...]
Read more
New Jersey hedge fund, founder settle SEC charges over improper trades
By Chris Prentice NEW YORK (Reuters) – A New Jersey hedge fund and its founder have agreed to pay $19.3 million to settle charges by the U.S. Securities and Exchange Commission (SEC) that they i[...]
Read more