Tag Archives: Oil

OPEC wants to formalize pact with 10-nation group led by Russia

According to the Wall Street Journal, citing OPEC (Organization of the Petroleum Exporting Countries) officials, Saudi Arabia and its Persian Gulf allies are proposing a formal partnership with a 10-nation group of oil producing countries led by Russia in an … Continue reading

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What is spooking the Fed? Are emergency meetings signalling the perfect storm is upon us?

As I reported yesterday, April 12, the Federal Reserve’s Board of Governors is holding several “impromptu” (read “emergency”?) meetings this week. After the first one held on Monday, April 11, Fed Chairwoman Janet Yellen was summoned to the White House … Continue reading

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