The Energy Information Administration is overestimating U.S. crude oil production, Continental Resource’s chief executive Harold Hamm said today in an interview with Fox Business. Hamm was notably the only shale oil major executive who warned against the too-quick boosting of shale oil production after the OPEC-non-OPEC output cut deal from the end of last year.
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With Brent oil prices hovering right around $55 per barrel—the highest level in months—the oil market has picked up momentum. There are plenty of pitfalls ahead, but the underlying fundamentals offer some reasons to be slightly bullish on crude.
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In a widely expected move, the Federal Reserve kept interest rates unchanged on Wednesday and announced a timeline for reducing its $4.5 trillion balance sheet.
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Recently Jamie Dimon of JP Morgan Chase made headlines by labeling Bitcoin a fraud. Whether those comments played any part in Bitcoin’s recent sell off is hard to say, but the true believers reacted with predictable outrage given that the comments came from the ultimate Wall Street insider whose financial supremacy is supposedly threatened by crypto currencies like Bitcoin.
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A motion to commission a report to investigate the possibility of introducing Rent Pressure Zones (RPZs) across Glasgow has been approved by councillors.
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Big Oil has been wheelin’ and dealin’ across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with a signal that has brought the bulls out to play.
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There’s a common belief that retailers that own real estate are in a better position than those that don’t.
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MUMBAI (Thomson Reuters Foundation) – The collapse of a 117-year-old apartment block in a crowded neighborhood in Mumbai last month highlighted the dismal state of affordable rental housing in Indian cities, even as tens of thousands migrate from rural areas everyday in search of jobs.
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Greystones in Co Wicklow and Drogheda Co Louth have been added to the Government’s list of rent pressure zones, Minister for Housing Eoghan Murphy announced on Tuesday.
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The current price of Bitcoin has a 91% correlation with the volume of Google search requests for Bitcoin-related terms, according to a study by SEMrush, a search engine marketing agency.
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