Mayank Vishal Labh

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The EIA has a shocking prediction for US oil production

Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose by 1.2 million BPD between January and December 2017, to levels that haven't been seen since the early 1970s.<p>The surge in …

Oil & Gas Industry

Halliburton Takes Fracking Fight From Oil Field to Patent Office

Halliburton Co. isn’t content to limit its battle for market share with Schlumberger Ltd. to the oil field these days. It’s opened a new front in an …

Global oil market primed for ‘violent’ plunge back to $60 a barrel

The global oil market is primed for a ‘violent’ plunge back to $60 a barrel as hedge funds continue to place record bets that oil prices will march higher.<p>The snap retreat after months of rising prices could lead to the biggest crash in global equity indices since the Brexit referendum, at more …

GOLDMAN SACHS: Now is the best time in a decade to invest in commodities — here's our top trade

There's been no better time since 2008 to invest in commodities, according to Goldman Sachs.<p>Following a resurgence in oil prices last year, the firm's commodity strategists raised their price forecasts for the next six months.<p>"We believe the outlook for commodities this year is simply a …

How May’s Sure Thing Became a Political Disaster for the Ages

It was 5:15 a.m. when an exhausted Theresa May entered the campaign war room at Tory headquarters to face her demoralized party workers.<p>Surrounded by …

Is India a country or a continent?

IN A speech to London’s Constitutional Club in 1931, Winston Churchill poured scorn on the idea of India. “India is a geographical term. It is no …

How Chávez and Maduro have impoverished Venezuela

IT IS hard to convey the severity of Venezuela’s unfolding crisis. Its extent is astounding: the economy shrank by 10% last year, and will be 23% …

Long-Awaited 'Asian Century' Might Never Come

People in the West, certainly Americans, have long had a fascination with the East, with many predicting an inevitable “Asian century” marked by economic and market dominance. I have long disagreed with the consensus on China and other Asian Tigers, and others are beginning to agree. Many problems …

Economics

Why Kurdish Oil Is a Wild Card for Markets: QuickTake Q&A

If Iraq’s Kurdish territory were a country, it would probably qualify for OPEC membership. It wouldn’t even be the smallest member, given its …

Brexit won’t save the UK from being affected by the Greek debt crisis

​There was a time – before Brexit and Trump came to dominate, well, everything – when Greece was rarely out of the headlines. Back when the Tory-Lib …

Saudi Arabia's Oil Wealth Is About to Get a Reality Check

Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google …

Brussels orders Italy to tackle debts or face SANCTIONS | City & Business | Finance

sponsored by<p>City & Business<p>EU orders Italy to tackle debts or face SANCTIONS as deficit reaches ALL TIME HIGH<p>BRUSSELS has threatened to hit Italy …

Europe

Trump Needs a Strong-Dollar Policy -- and Fast

At the beginning of February, President Donald Trump reportedly called his national security adviser Michael Flynn at 3:00 a.m. to ask whether a strong dollar was good or bad for the economy.<p>He was right to ask: The Trump dollar could strengthen significantly and become a global economic and …

Economy

India's Q4 economic growth seen slowing to near three-year low: Reuters poll

BENGALURU (Reuters) - India’s economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minister Narendra Modi’s surprise decision to ban high-value currency notes, a Reuters poll of economists showed.<p>Shoppers crowd at a …

Economics

Maastricht's Flaws Still Plague Europe, 25 Years Later

Twenty five years ago this month, the representatives of 12 countries gathered in the Dutch city of Maastricht to sign the Treaty on European Union. Its claim to mark "a new stage in the process of creating an ever closer union among the peoples of Europe" looks grandiose and overblown a quarter of …

Norway still risks becoming too dependent on oil money -central bank

OSLO, Feb 16 (Reuters) - Norway runs the risk of becoming too dependent on money from its $900 billion sovereign wealth fund even though the government on Thursday recommended a tightening of spending, the central bank governor said.<p>Prime Minister Erna Solberg and Finance Minister Siv Jensen said …

Central Banks

Why Putin shouldn't want Le Pen to become France's president

A Le Pen Win Would Be Dangerous for Putin and Russia’s Economy<p>By Gregory WhiteGregory White and Henry MeyerHenry Meyer<p>February 17, 2017<p>Far-right …

The US economy may be catching up to America's Trump-inspired enthusiasm

The Trump bump may be finally showing up in the hard data.<p>Recent data releases about the US economy appear to show that economic activity in the US has increased, following surges in post-election enthusiasm in surveys.<p>Since President Donald Trump was elected in November, various measures of …

Economic Data

China Reserves Falling Below $3 Trillion Won't Threaten Rating: S&P

China’s foreign-exchange reserves falling below $3 trillion doesn’t threaten its sovereign credit rating as the economy still has a healthy buffer, …

Thanks, Germany. You’re making the right economic choice—for you, for Europe, for everybody

In the last three months of 2016, Germany broke character. Its households—long thought of as fanatically thrifty—bought a little more than they usually do. In fact, for once, Germans bought more from abroad than they exported. Perhaps most remarkably, though, the country’s sober, responsible, …

Economics

Egypt unpegged its currency to the dollar and what happened next wasn't pretty

In the unofficial market, the pound had already collapsed against the dollar. With the peg gone, the official exchange rate instantly plunged from 9 pounds to the dollar to over 15 pounds to the dollar, and four days later it was at 18 pounds.<p>On November 11, the IMF stopped dragging its feet and …

Stock Markets

Latest economic data not playing ball for Greece and its lenders

LONDON (Reuters) - Just as Greece and its international lenders are locking horns once again over the country’s bailout and the tasks it needs to carry out to get the money, economic releases are suggesting more tough times ahead for everyday Greeks.<p>As this graph shows - bit.ly/2lKVY1Y - the …

Economics

Yes, the World Does Have a Shortage of Safe Assets...And Central Banks Aren't Helping

By Steven Kelly<p>In recent years, and especially since the financial crisis of 2008, the world has been plagued by a shortage of safe assets. As it became clear that financial institutions and governments across the developed world that were perceived to be safe in the pre-crisis era were overexposed …

Economics

Brexit can wait. Europe’s pressing worry is its fracturing eastern democracies | Jan Kubik

Voters in Romania, Hungary and Poland are tempted by those who offer deceptively easy solutions<p>On 31 January, during an evening session that was suspiciously secretive, the Romanian government adopted two ordinances changing the country’s penal code. The measures were immediately seen by many as a …

Europe

Leaving Greece in Limbo Helps No One

Greece is back in the news, for all the wrong reasons. Wrangling between the International Monetary Fund and the European Union threatens to prevent a bailout deal by the time euro-region finance ministers gather in Brussels on Feb. 20. Both sides should acknowledge the efforts Greece has made to …

Economy

The Fed Gets Economics Wrong

Economics (in general) is populated at its core by a lot of bad ideas. And these bad ideas have come to be accepted as the correct interpretation of how the economy functions and thus have become the basis for economic policy. This news shouldn’t come as a shock since I’ve written about this many …

The Brazilian House of Cards Is Collapsing

The scandal of scandals is swallowing the political class whole.<p>The dream of any decent libertarian is to watch those in power running from the …

BOJ keeps policy steady, maintains upbeat price forecasts

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Tuesday and roughly maintained its upbeat price forecasts, signaling a steady economic recovery will help accelerate inflation towards its 2 percent target without additional stimulus.<p>A Japanese flag flutters atop the Bank of Japan …

Economy

The Bank of Japan left monetary policy unchanged

Voting 7-2, the bank decided to retain its quantitative and qualitative monetary easing (QQE) with yield curve control program, keeping interest rates unchanged at 0.1% while pledging to purchase Japanese government bonds (JGB) so that 10-year JGB yields will remain at around zero percent.<p>It said …

Did the BOJ Make the Right Decision on Stimulus? – Bloomberg

Did the BOJ Make the Right Decision on Stimulus?<p>Did the BOJ Make the Right Decision on Stimulus?<p>Did the BOJ Make the Right Decision on …

Bank of Japan