18:45:30
Amena Bakr, Energy Intelligence Group reporter: Almost all (OPEC) members seem to agree that further output cuts are necessary.
18:44:12
Market news: Ukrainian President Zelensky visited the command post in Kupyansk, northeastern Ukraine.
18:34:52
U.S. and Burkina Faso oil rose nearly $1 in the short term, with intraday gains extending to 2%. They are now trading at $79.31/barrel and $84.35/barrel respectively.
18:33:36
Representatives at the meeting said OPEC+ had reached a preliminary agreement to further cut oil production by more than 1 million barrels per day.
18:32:24
According to the Wall Street Journal: META’s software Threads plans to launch in Europe in December.
18:31:15
COP28 President Sultan Al-Jaber: We are committed to solving the financing problem and ensuring that the global South does not have to choose between development and combating climate change. This meeting will be the moment we deliver on our commitments, including $100 billion for the Loss and Damage Fund.
18:23:20
Some representatives said that OPEC has started its online ministerial meeting.
18:21:28
European Central Bank Executive Committee Member Panetta: Eurozone economic risks tend to be downward.
18:17:28
European Central Bank Executive Committee Member Panetta: Risks to price stability in the euro area still exist.
18:17:01
ECB Executive Member Panetta: Italy’s growth rate is expected to remain below 1% in 2024.
17:50:00
The Eurozone unemployment rate in October, the initial annual CPI rate in November and the monthly rate will be released in ten minutes.
17:47:59
Turkish Finance Minister: When reserves are sufficient, we will cut tax benefits of the Foreign Exchange Protection Deposit Scheme.
17:45:11
Turkish Finance Minister: With the revision of monetary policy, lira deposits have become attractive.
17:44:54
Market News: The EU is close to reaching an agreement with South America on the elusive Mercosur trade agreement.
17:44:26
Spanish Secretary of State for Energy: Renewable energy is expected to produce more than 50% of Spain’s electricity in 2023.
17:35:30
Turkish Finance Minister: Inflation rate is expected to begin to decline in the second half of 2024.
17:34:46
Market news: Lufthansa will not seek to sell a minority stake in Lufthansa Technik.
17:33:41
Bank of England: Businesses expect average wages to rise by 5.1% in the next year.
17:33:14
Bank of England: Business inflation expectations for the next year are 4.4%; inflation expectations for the next three years are 3.2%.
17:28:02
CEO of German energy giant Uniper: European natural gas demand remains uncertain in the short term.
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