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New York’s housing market is too crowded for Airbnb

  Airbnb Inc. is all about progress and efficiency and win-win economic outcomes, right? Underused real estate is transformed into lodging for visitors. The owners of the real estate gain, the visitors gain, the local economy gains and Airbnb’s shareholders gain. Sure, hotel owners and employees have some reason to gripe as they lose business to largely unregulated competitors. But ...

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More OPEC exemption requests spur wagers on price decline

  Bloomberg The growing list of OPEC members seeking exemptions from a planned supply cut has investors seeing future price drops. Money managers increased bets on lower West Texas Intermediate oil for the first time in five weeks as Iraq joined Iran, Nigeria and Libya in seeking to be excluded from OPEC’s first agreement to reduce output in eight years. ...

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Iraq publishes oilfields output data

  Reuters Iraq published data showing a rare level of detail for its oil production and exports, a week after inviting energy reporters to Baghdad to make a case that the country is pumping more crude than analysts and OPEC acknowledge. The country’s state oil marketing agency released a statement showing September production figures for each of the 26 fields ...

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