After a busy week of central bank line ups last week, interest rate hikes and announcements of tapering the QE program, the week ahead promises to be a lot quieter despite a few central bank meetings lined up. The Bank of England and the Swiss national bank will be holding their respective monetary policy decisions this week. No major changes...

2018-06-18 John Benjamin Read more
OPEC Meeting

The Organization of Petroleum Exporting Countries or OPEC meet this week on November 30 in Vienna, Austria for the 173rd OPEC meeting. The event will see Russia, the largest non-OPEC nation joining hands with Saudi Arabia in deciding about extending the production cuts. OPEC first agreed to curbing production in 2016, marking the first oil cu...

2017-12-12 John Benjamin Read more
OPEC_Crude oil

OPEC Output Falls by 80K barrels Per Day Oil prices continued to rise over the first part of the week fuelled by the latest data which shows that production among OPEC members fell over October. A survey compiled by Reuters shows that oil output among the OPEC bloc declined by 80k barrels per day over the last month mainly driven by a fall in e...

2018-01-25 James Harte Read more
Crude Oil_OPEC

The week ahead is likely to turn busy with the focus shifting back to the economic and monetary policies. Coming up this week, the key events include the OPEC meeting in Vienna, where the question is whether OPEC members will extend production cuts. In the US the FOMC meeting minutes from the May FOMC meeting will be released. The minutes could...

2017-07-26 John Benjamin Read more
OPEC_Crude Oil

Oil traders are on the sidelines as the markets edge closer to the November 30th OPEC meeting. Oil ministers of the OPEC member nations will meet in Vienna next Wednesday, November 30, 2016, where a deal to cut oil production is high on the agenda in a bid to stabilize oil prices. It would also formalize the informal agreement to limit productio...

2016-11-25 John Benjamin Read more
OPEC_Crude Oil

Last week’s decisions by some of the major central banks saw the status quo being maintained. Garnering more than the usual share of attention were the BoJ and the FOMC. While the BoJ’s policy changes perplexed markets briefly, the FOMC’s decision was largely a known event as the Fed opted to keep rates steady but maintained that the case for fu...

2016-09-26 John Benjamin Read more