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☆ Oil prices mixed amid uncertain demand, supply concerns
  + stars: | 2022-10-20 | by ( Emily Chow | ) www.reuters.com   time to read: +3 min
REUTERS/Nick Oxford/File PhotoSINGAPORE, Oct 20 (Reuters) - Oil prices were mixed on Thursday as investors balanced caution over tightening supply against concerns that a global slowdown could curb demand. "Oil prices are being whipsawed by a number of drivers in Q4 2022," said Commonwealth Bank commodities analyst Vivek Dhar in a note. Upward pressure though is coming from OPEC+ supply cuts and imminent EU sanctions on seaborne imports of Russian oil and refined production." Global recession concerns and the potential for another aggressive U.S. rate hike were clouding the outlook for oil prices, said CMC Markets analyst Leon Li. "Therefore, oil prices would return to a downtrend after a short-term rebound," he said.
☆ SPR releases will have a 'very negligible impact' on the oil market, says economist
  + stars: | 2022-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSPR releases will have a 'very negligible impact' on the oil market, says economistVivek Dhar of CBA says strategic petroleum reserve releases will do "very little to change the tide" of forces affecting the oil market.
☆ Oil claws back some losses but strong dollar caps gains
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +2 min
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/IllustrationMELBOURNE, Sept 26 (Reuters) - Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand. The dollar index climbed to a fresh 20-year high on Monday, capping oil price gains. "It's still going to be challenging for the market to find that oil to replace Russian supply," Dhar said. Data last week showed OPEC+ fell short of its output target by 3.58 million barrels per day in August, a bigger shortfall than in the previous month.
☆ Central banks' prioritization of taming inflation is driving oil prices lower, economist says
  + stars: | 2022-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentral banks' prioritization of taming inflation is driving oil prices lower, economist saysVivek Dhar of CBA says "that mindset has really shifted the market to grow worried about what future demand would look like."
☆ Movie theaters reopen in Indian-controlled Kashmir after more than two decades
  + stars: | 2022-09-21 | by ( Rhea Mogul Manveena Suri | Rhea Mogul | Manveena Suri | ) edition.cnn.com   time to read: +4 min
New Delhi CNN —Movie theaters in Indian-controlled Kashmir have reopened their doors, more than two decades after they were forced shut during an armed rebellion that saw multiple threats and attacks on crowded public places. The lieutenant governor of Jammu and Kashmir, Manoj Sinha, inaugurated the disputed region’s newest cinema on Tuesday, in a ceremony marked with much hype and fanfare. The movie theater will open to the public on September 30, according to businessman, Vijay Dhar, who has partnered with Indian cinema chain Inox Leisure Ltd., to open the theater in Srinagar. In the late 1980s, a violent insurgency in Indian-controlled Kashmir claimed the lives of more than 9,000 civilians according to the Indian government, though estimates vary. Last year, the government implemented a policy aimed to promote Indian-controlled Kashmir as a popular filming destination.
☆ Dozens of Goldman Sachs partners have departed the bank since David Solomon became CEO. See the running list here.
  + stars: | 2020-02-27 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com   time to read: +6 min
David Solomon has been Goldman Sachs' CEO for more than four years after succeeding Lloyd Blankfein. There's been a lot of talk about morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.
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