Oil rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela

Oil rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela
SINGAPORE (Reuters) – Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo U.S. West Texas Intermediate (WTI) crude oil futures were at $53.70 per... Read More

Venezuela turns to India for oil exports as U.S. sanctions bite

Venezuela turns to India for oil exports as U.S. sanctions bite
HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. FILE PHOTO: Venezuela’s Oil Minister and President of Venezuelan state-run oil company PDVSA Manuel Quevedo (C) arrives to... Read More

Mnuchin hopes for ‘productive’ trade meetings in China

Mnuchin hopes for ‘productive’ trade meetings in China
BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for “productive” trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other. U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation to China, speaks to... Read More

Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela

Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela
SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply cut supply in January and as U.S. sanctions hit Venezuela’s oil exports. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo U.S. West Texas Intermediate (WTI) crude oil futures... Read More

Venezuela turns to India as sanctions cut oil flow to U.S., Europe

Venezuela turns to India as sanctions cut oil flow to U.S., Europe
HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. FILE PHOTO: Venezuela’s Oil Minister and President of Venezuelan state-run oil company PDVSA Manuel Quevedo (C) arrives to... Read More

Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester

Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester
FILE PHOTO: Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton CINCINNATI (Reuters) – The Federal Reserve will chart plans to stop letting its bond holdings roll off “at coming meetings,” Cleveland Fed President Loretta Mester said on Tuesday, signaling another major policy shift for... Read More

No evidence that Fed’s balance sheet is behind market swings: Mester

No evidence that Fed’s balance sheet is behind market swings: Mester
FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson CINCINNATI (Reuters) – Cleveland Fed President Loretta Mester on Tuesday said she has not seen evidence that the Federal Reserve’s shrinking balance sheet has caused disruption in financial markets. Mester... Read More

Twitter CEO says his and other tech firms have not combated abuse enough

Twitter CEO says his and other tech firms have not combated abuse enough
FILE PHOTO: Twitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee hearing on Twitter’s algorithms and content monitoring on Capitol Hill in Washington, U.S., September 5, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – Twitter Inc Chief Executive Jack Dorsey said on Tuesday that Silicon Valley companies, including his own, have not done enough to protect victims of online... Read More