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The NZD Slides Sharply into the Weekend

October 20, 2017 Stephen Innes 0

Selling of the New Zealand dollar accelerated, knocking another 1 per cent off the currency’s value as investors repositioned to the nation’s political shift. “Both Labour and NZ First are looking to revamp the Central Bank by appointing outside director while moving away from the single decision-maker model,” said OANDA’s Stephen Innes, adding that “spooked” investors. “The profundity of […]

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WoodMac: Libya’s oil production might have reached near-term potential

October 20, 2017 Latest News 0

Wood Mackenzie Ltd. analysts believe Libya’s oil production might have reached near-term limits with only gradual future growth. The possibility of longer-term political normalization and a reduction in the nation’s political conflicts depends on Libya maintaining oil production.

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Texas refuses aid to American supporters of BDS

October 20, 2017 Middle East Monitor 0

Anyone in Texas looking to rebuild their properties following the devastating hurricane will only receive state funds if they have not signed up to the Boycott, Divestment and Sanctions (BDS) campaign, The Intercept has reported. Texan law prohibits the state from entering into contracts with a business unless it “does not boycott Israel; and will not boycott Israel during the term of the contract”, and local council are using this law with individuals following the devastation of Hurricane Harvey. The “Hurricane Harvey Repair Grant Application and Agreement” issued by the City of Dickinson, Texas, lays out one of its condition as: “Verification not to Boycott Israel. By executing this Agreement below, the Applicant verifies that the Applicant: (1) does not […]

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Are Oil Markets Becoming Immune To Geopolitical Risk?

October 20, 2017 Gregory Brew 0

After lying dormant for a few months, the risk premium in oil is back. That, at least, is what many analysts have begun declaring in the wake of fighting in the Iraqi oil-city of Kirkuk, which threatened to take several hundred-thousand bpd off-line, and the U.S. decision to decertify its nuclear deal with Iran. Prices rose this week, due to these developments as well as news that OPEC was planning to extend production cuts while inventories in the U.S. declined further. But its Kirkuk and Iran that have gotten most of the attention. The uncertainty…

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