Business


Opec disappoints crude oil market, brings a knife to a gun fight

That's not only way above historical norms, it's 6% higher than when OPEC first chose to constrain output in November. Crude oil plunged five percent following the Thursday announcement as investors were disappointed the meeting did not produce bigger supply cuts.



United States launches NAFTA renegotiation countdown

Trade Representative Robert Lighthizer told reporters on Thursday. American farmers have mostly benefited from the reduction in trade barriers. Both organizations commented that trade in fresh fruit and vegetables in North America is highly integrated across the entire supply chain.



Oil jumps 2 pct; more investors expect output cut extension

The organisation said world oil supply fell by 0.41 million barrels per day (mbpd) in April to average 95.81 mbpd. "The most closely watched data point on the supply side is USA crude production", said researchers. Earlier this week, energy ministers from Russian Federation and Saudi Arabia announced plans to urge other producers to extend the November deal for nine month instead of the previously agreed six.



Future plc (FUTR) Earns Buy Rating from Numis Securities Ltd

GBX 852.09's average target is 1.62% above currents GBX 838.5 stock price. Ocado Group Plc has GBX 700 highest and GBX 189 lowest target. The stock increased 2.62% or GBX 9.39 on May 25, reaching GBX 368.19. About 2,913 shares traded. Investors sentiment increased to 0.6 in 2016 Q4. As per Friday, September 11, the company rating was maintained by Nomura.



"Opec's ability to control oil price 'diluted' by US" - Cantor Fitzgerald Europe

The decision was taken on Thursday after a joint meeting with 13 OPEC and 11 Non-OPEC countries, who held a meeting for the second time in history to achieve stable and balanced global oil prices . Also a contender in the battle for market share - and producers who didn't sign on to the Vienna agreement - are US shale drillers, who could benefit from this week's deal.


Pope says murdered Copts are martyrs and prays for conversion of terrorists

Pope says murdered Copts are martyrs and prays for conversion of terrorists

Islamic terrorists opened fire on a convoy of Coptic Christians in Egypt on Friday, killing at least 26 of them, including children, and injuring two dozen others, news reports said. Al Jazeera reported the locations targeted by Egyptian warplanes were civilian areas and populated districts inside the city. Leading thousands of people in prayer for the victims at the Vatican on Sunday, he said that they died in "another act of ferocious violence" after refusing to renounce their faith.