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Saudi energy minister: Saudi Arabia/OPEC will mitigate supply shocks

A Saudi energy minister spoke today to make a statement about energy prices and oil fluctuations

Key highlights

Saudi Arabia will coordinate with both OPEC and non-OPEC organizations/countries to mitigate any shortfalls in oil supply to avoid worsening market stability.

Saudi Arabia is committed to ensuring stable oil markets for both producers and consumers, as well as sustainability in global economic growth

 

Gundlach: CPI over 2.25% will change the story

Jeffrey Gundlach, the founder of DoubleLine Capital LP, spoke during a webinar today and outlined his thoughts on the US CPI figures due Thursday. Ke
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New Zealand Electronic Card Retail Sales (MoM) registered at -2.2%, below expectations (0%) in April

New Zealand Electronic Card Retail Sales (MoM) registered at -2.2%, below expectations (0%) in April
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