Market News

Oil Prices Plunge After Trump-Iran Sanctions Headlines


President Trump mulled easing Iran sanctions, which prompted John Bolton to tender his resignation

11 Sep 19 (Wed)

03:49 pm

US Crude Oil Inventories


Actual: -6.912M Forecast: -2.686M Previous: -4.771M

11 Sep 19 (Wed)

02:30 pm

Crude Oil Inventories will be published in 5 minutes


Crude oil stocks are expected to decline by -2.686M this week. If we look at last week’s data; oil stocks dropped by -4.771M barrels. It will be important for oil prices. 

11 Sep 19 (Wed)

02:25 pm

US Core PPI (YoY) (Aug)


Actual: 2.3% Forecast: 2.2% Previous: 2.1%

11 Sep 19 (Wed)

12:33 pm

US PPI (YoY) (Aug)


Actual: 1.8% Forecast: 1.7% Previous: 1.7%

11 Sep 19 (Wed)

12:32 pm

OPEC cuts 2020 global oil demand growth forecast by 60,000 bpd amid economic slowdown


Strong growth in non-OPEC supply in 2019-2020 highlights need for producers to support market stability to avoid potential oversupply. August  oil output rose by 136,000 bpd m/m to 29.74 mbpd led by Saudi boost. Forecasts 2020  demand for its crude averaging 29.40 mbpd,  stead...

11 Sep 19 (Wed)

11:03 am

Breaking News


TRUMP SAYS U.S. FEDERAL RESERVE SHOULD LOWER INTEREST RATES DOWN TO ZERO, OR LESS

11 Sep 19 (Wed)

10:46 am

OPEC urges caution, efforts to avert a glut relapse


Warns producers not to pump too much crude amid waning global economic growth 2020 global oil demand growth seen at 1.08 mil bpd (previously 1.14 mil bpd) The downwards forecast revision is due to the ongoing economic slowdown

11 Sep 19 (Wed)

10:29 am

German research institutes lower 2019 GDP forecast amid weakening economic outlook


IfW now sees German economy expanding by 0.4% this year (previously 0.6%) Sees 2020 GDP at 1% (previously 1.6%) Notes that German economy likely shrank by 0.3% in Q3 Therefore, falling into a technical recession DIW now sees German economy expanding by 0.5%...

11 Sep 19 (Wed)

08:40 am

Germany's Merkel: We still have every chance of an orderly Brexit


Maintains that Germany is prepared for a no-deal Brexit China upholding human rights is essential while adding that US-China trade conflict is hitting Germany and affecting German export

11 Sep 19 (Wed)

07:31 am

UK's Leadsom: We are looking at creative ways to ensure that there is no Irish backstop


We are looking at getting a good deal that works for the UK The deal will be different to the existing one

11 Sep 19 (Wed)

06:50 am

Headlines the Economic Calendar on Wednesday


1. OPEC Monthly Report  Pay attention to the OPEC monthly report today. The OPEC monthly report will provide investors with an update on the cartel's outlook on world demand and supply at a time when investor expectations are running high that OPEC and its all...

11 Sep 19 (Wed)

06:25 am

Breaking News


US Pres. Trump fires national security adviser Bolton, oil falls sharply

10 Sep 19 (Tue)

04:07 pm

Breaking News


U.K.: CLEAR THAT IRAN BREACHED ASSURANCES OVER RELEASED TANKER IRAN'S AMBASSADOR SUMMONED TO FOREIGN OFFICE IN LONDON

10 Sep 19 (Tue)

02:56 pm

Breaking News


UK PM Johnson says the UK will exit the EU on October 31st

10 Sep 19 (Tue)

02:14 pm

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