U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that
potentially clears the way for the Federal Reserve to raise interest rates in December.
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Time For Truth: (Reuters) – U.S. consumer prices post largest gain in six months
One smaller firm has hiked its dual fuel prices by 30 per cent — and experts fear the Big Six could follow suit.
Such rises are a major blow, with energy bills already at a record high.
A typical household with a Big Six supplier — British Gas, EDF Energy, Eon, Npower, SSE and Scottish Power — currently pays £1,066 a year for gas and electricity if they pay by monthly direct debit.
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Time For Truth: (Daily Mail) – Electricity prices to rise 10% in January - and yes, you've guessed it, energy giants are blaming green taxes
Output by OPEC oil producers has reached record levels, the International Energy Agency said Thursday, raising fears a global oil glut will continue to weigh on markets unless the cartel agrees on a cut.
Production by the 14 members of OPEC rose to a record 33.83 million barrels a day in October, the IEA said, just weeks ahead of talks aimed at hammering out a deal to curb production.
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Time For Truth: (Yahoo News) – OPEC pumping oil at record levels ahead of crunch meeting: IEA
Saudi Arabia is poised to launch its first ever international bond sale on Wednesday as the kingdom turns to debt markets to help ease a fiscal squeeze from the two-year slump in oil prices.
Banks connected to the sale said the Saudis are due to conclude a transatlantic roadshow on Tuesday for the dollar-denominated bond — one of the most eagerly awaited issues this year — after which they will release initial price guidance.
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Time For Truth: (CNBC) – Saudis set to launch first international bond sale on Wednesday
RARELY do people compare the British pound to the Nigerian naira, Azerbaijani manat or Malawian kwacha. But these are special times. Following the Brexit vote, investors dumped sterling. Some are worried about the possibility of a “hard” Brexit. Others are simply baffled by the government’s xenophobic and divisive rhetoric.