Overview Oil prices are stable, staying above $80 per barrel. This stability comes from OPEC’s production cuts and China’s economic recovery. In this article, we will discuss how these factors affect the oil market and future oil prices. OPEC’s Influence on Oil Prices Cutting Production and Following Rules OPEC and its allies, known as OPEC+,…
We regret to inform our readers that the scheduled launch of the SpaceX Starship SN16 prototype from the Boca Chica launch site in Texas has been scrubbed due to technical issues. The launch was initially planned for April 17, 2023, but had to be postponed for at least 24 hours. Technical Problems According to a…
Introduction to the ECB’s Decision on Interest Rates In the upcoming month of May, the European Central Bank (ECB) shall convene to decide on interest rates, with the potential of either a 25- or 50-basis-point (BPS) shift. This article investigates the likely consequences and effects of the ECB’s resolution on the European economy and financial…