Sunday 16 December 2018
Opec cut

Dubai EFS jumps to highest since Opec cut

Exchange of Futures for Swaps (EFS) for May jumped to $2.50 a barrel on Thursday, the highest level since December 2008 when Opec producers began record supply curbs, traders said. This raised the issue of whether Asian refiners would redu


IMF warns of recession after Opec output cut

The IMF has urged action to stave off a global recession as a record slash in oil output by Opec and a Wall Street baron's court appearance underlined the strains in the global economy. The call for industrialised nations to increase f

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