Money Talks

Market Movers: Oil supply shocks

This week, Libya's National Oil Corporation shut down operations at its El Sharara oilfield, because of protests at the site. It's one of the largest fields in the oil-rich country, accounting for nearly one-third of Libya's production. In a global oil environment that's already overheated, this supply shock caused the price of crude to rise further. Also, geopolitical tensions will likely move oil prices in only one direction, and that is upward. Easing lockdowns in China are supporting the price of crude, which has hovered around a 14-year peak. #OilDemand #OilPrices #LibyaOilFieldShutdown

OPEC agrees to cut oil supplies | Money Talks

OPEC agrees to cut oil supplies | Money Talks

US sanctions on Iran threaten India’s oil supply | Money Talks

US sanctions on Iran threaten India’s oil supply | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Oil prices give up gains after OPEC+ extends production cuts | Money Talks

Venezuela Water Shortage: Caracas hospital forced to cancel operations

Venezuela Water Shortage: Caracas hospital forced to cancel operations

OPEC+ has fallen 562M barrels short of promised crude output since 2020

OPEC+ has fallen 562M barrels short of promised crude output since 2020

Oil extends gains as major producers flag capacity limits

Oil extends gains as major producers flag capacity limits

Russia defaults on foreign debt for the first time since 1917

Russia defaults on foreign debt for the first time since 1917

Eco-conscious tourists drawn to glamorous camping

Eco-conscious tourists drawn to glamorous camping

Türkiye and Saudi Arabia look to boost bilateral trade, investment

Türkiye and Saudi Arabia look to boost bilateral trade, investment

Sri Lanka struggling with shortages of food, fuel and medicine

Sri Lanka struggling with shortages of food, fuel and medicine

EU steps up efforts to cut dependence on Russian energy

EU steps up efforts to cut dependence on Russian energy

Layoffs and hiring freezes prevail among big tech giants

Layoffs and hiring freezes prevail among big tech giants

Worst drought in 70 years threatens Northern Italy's food, power

Worst drought in 70 years threatens Northern Italy's food, power

Chinese president promises more stimulus as GDP growth slows

Chinese president promises more stimulus as GDP growth slows

Sri Lanka introduces lockdown to save fuels

Sri Lanka introduces lockdown to save fuels

White House calling on oil firms to raise output to boost supply

White House calling on oil firms to raise output to boost supply

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