August 1, 2023/Oilprice.com Tom Kool Editor, Oilprice.com After climbing by 13% in July, oil prices were dragged lower on the first day of August by further disappointing economic data out of China. Chart of the Week – Boosting the effect of Saudi Arabia’s production cuts, oil production in Canada’s crude […]
World News
Remarks before the Financial Stability Oversight Council: LIBOR
July 28, 2023/US SEC Thank you, Secretary Yellen. Thank you to all of my colleagues—not only at this table but around the globe—for their hard work putting an end to the London Interbank Offered Rate (LIBOR) LIBOR was an innovation of the 1970s to facilitate businesses borrowing from banks at […]
ECB Raises Three Key Interest Rates by 25 Basis Points
July 27, 2023/ECB Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It therefore today decided to raise the three key ECB interest rates by […]
