Culled—Proshare September 29, 2016/Meristem Research In the just concluded International Energy Summit on the 27th November 2016, OPEC finally agreed on an output freeze, the first successful attempt since 2008 in which the petroleum committee decided to cut output by c.750,000bpd from its current production of 33.24MMbpd to 32.50MMbpd. Each […]
World News
MSCI formally adds Nigeria indexes to 2017 review list, retains it in its frontier market index
Culled—Proshare September 29, 2016/CardinalStone Research MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced its decision to formally add the Nigeria MSCI index to the review list for a potential reclassification to Standalone status during its 2017 Annual Market Classification Review in June 2017. In the […]
Oil shares lift global stocks but crude dips after OPEC boost
September 29, 2016/Reuters By Nigel Stephenson An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher. Global stocks were pulled higher by the oil company rally. Oil prices, however, edged off their […]
