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Is OPEC Losing Its Clout?
OPEC’s grip on the global oil market is weakening. With the UAE already out and Venezuela mulling its options, Saudi Arabia’s influence is being dilut...
Sep 10, 2026 · StaffOriginally on Wedgetail
IMF assessing potential impact of new US sanctions on Iran — spokesperson
Julie Kozack said the action is relatively limited
Sep 10, 2026 · StaffOriginally on Wedgetail
Rahm Emanuel Says Bessent's Rhetoric Overshoots His Actions
Rahm Emanuel, who served as Ambassador to Japan under President Obama, said that Scott Bessent's rhetoric around the economy and the US backing of the...
Sep 10, 2026 · StaffOriginally on Wedgetail
Global economy coping with aftermath of war against Iran better than expected — IMF
According to IMF Spokesperson Julie Kozack, the global economy has weathered the shocks, including the energy shock, better than feared
Sep 10, 2026 · StaffOriginally on Wedgetail
Mining stocks rally comes to abrupt halt as copper, silver prices plummet and gold slides
Freeport-McMoRan and Teck Resources led copper producers down 7% after a report that the White House has yet to decide on refined copper tariffs, and ...
Sep 10, 2026 · StaffOriginally on Wedgetail
EIA Raises 2027 U.S. Oil Output Forecast
The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million barrels per day, up from 14.2...
Sep 10, 2026 · StaffOriginally on Wedgetail
EIA Raises 2027 U.S. Oil Output Forecast
The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million barrels per day, up from 14.2...
Sep 10, 2026 · StaffOriginally on Wedgetail
Gas prices in Europe reach levels seen during late 2022 energy crisis — Gazprom
The holding company believes that high gas prices and lagging storage injection rates increase risks to the reliability of gas supplies for European c...
Sep 10, 2026 · StaffOriginally on Wedgetail
Canada, Ukraine forge 100-year pact built on drones and defence
Canada and Ukraine signed a sweeping 100-year partnership on Thursday that puts defence production at its core. Ottawa plans to build millions of dron...
Sep 10, 2026 · StaffOriginally on Wedgetail
Treasury Takes Less Than Expected at Buyback, Pushing Up Yields
The US government repurchased fewer 10- to 20-year securities than the maximum amount it outlined under Treasury Secretary Scott Bessent’s expanded bu...
Sep 10, 2026 · StaffOriginally on Wedgetail
UK Sanctions Against Israeli Settlers Divide British Rabbis
Prominent rabbis reacted with a mix of support, condemnation and concern about the ramifications for Jews in Britain.
Sep 10, 2026 · StaffOriginally on Wedgetail
Meetings between Chinese, US leaders benefit global economy — IMF
Washington has publicly signaled on several occasions that it hopes for a reciprocal visit by the Chinese President this autumn
Sep 10, 2026 · StaffOriginally on Wedgetail