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Congo may boost output by 65% this year

Bloomberg The Republic of Congo expects to raise oil production by as much 65 percent this year as two new projects come on stream, Hydrocarbons Mi- nister Jean-Marc Thystere-Tchicaya said. Congo joined OPEC and plans to open up its oil industry, which the government says is dominated by Total SA and Eni SpA, to new investors. Sub-Saharan Africa’s third-biggest oil ...

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Trade tensions rattle US equities; crude gains

Bloomberg US stocks slid to three-week lows as President Donald Trump’s threats of more trade protectionism against major partners were met with Chinese and European vows of retaliation, rattling global equities and sparking demand for the safety of bonds. The S&P 500 Index fell to the lowest since May, with technology shares leading declines on reports the US Treasury Department ...

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Pound still stuck in Brexit bog as more talks loom

Bloomberg A boost from the Bank of England, spoilt in no time by Brexit gloom — this has been a recurring pattern for the pound of late. This week may be no exception. While a hawkish surprise out of Thursday’s BOE meeting — namely, Chief Economist Andy Haldane’s shift of stance in favour of raising interest rates — gave the ...

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