Tag Archives: Commodity markets

White House launches last ditch effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster’

[ad_1] Washington CNN  —  The Biden administration has launched a full-scale pressure campaign in a last-ditch effort to dissuade Middle Eastern allies from dramatically cutting oil production, according to multiple sources familiar with the matter. The push comes ahead of Wednesday’s crucial meeting of OPEC+, the international cartel of oil …

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Impact on Philippines, Indonesia, Thailand: Nomura

[ad_1] Rice production in India has fallen by 5.6% year on year as of September in light of below-average monsoon rainfall, which has affected harvest, Nomura said. Rebecca Conway | Getty Images News | Getty Images India, the world’s largest rice exporter, has banned shipments of broken rice — a …

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