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OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo
Oil Prices Rise Even as Doubts Remain on OPEC-Led Cut
Oil rates turned positive on Wednesday despite concerning doubts that OPEC will agree to a production cut large enough to make a significant dent in the global glut of crude–Brent crude futures were up 16 cents at $49.28 a barrel. Oil prices trended lower...Caption:
Germany’s Chancellor Angela Merkel addresses a news conference after an European Union leaders summit in Brussels, Belgium, October 16, 2015. REUTERS/Francois Lenoir
Merkel ‘Not Happy’ with Trump Binning Pacific Trade Deal
Germany’s Chancellor Angela Merkel on Wednesday criticized a proposal by U.S. President-elect Donald Trump to scrap a trans-Pacific trade deal. Merkel warned that future agreements will likely be worse. With a planned U.S.-EU mega-deal called TTIP also looking...Caption:
Jadwa Investment Logo
Economic Report: ‘Saudi Arabia Issuance of International Bonds Protects Reserves’
Riyadh- An economic report published on Tuesday forecast that adjusting government spending in Saudi Arabia, especially in line with capital spending, in addition to improvement in non-oil revenues might come less than the estimated budget deficit of 2016-2017. The...Caption:
Djibouti’s President Ismael Omar Guelleh. Reuters