INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya.
Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report.
“Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
INTERNATIONAL. Saxo Bank has published its Q2 outlook warning investors of the end to the current cycle of "extend and pretend" as the planned economy model of the past eight years comes to breaking point.
UAE. Less than 0.15% of the dividends of GCC-listed companies and 0.59% of those of the UAE's dividends invested in tech start-ups vs. 5% in the USA; UAE invests 4x more of its public companies' dividends in tech start-ups.