IRAN'S ECONOMY DIFFICULTIES
ARAB NEWS - Iranian members of Parliament launched a scathing attack on their own government on Sunday as they fired a second Cabinet minister in less than a month.
Masoud Karbasian, the minister of finance and economic affairs, was impeached and stripped of his post. He follows Labor Minister Ali Rabiei, who was dismissed on Aug. 8. Central bank chief Valiollah Seif was also fired last month by President Hassan Rouhani.
Critics say the government squandered the opportunities…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.