Israel
Innovation fuels Israel’s economic strength
Fourteen months into the war, there are at least three signs that the Israeli economy still enjoys the confidence of investors.
The OPEC+ oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two OPEC+ sources confirmed on Thursday.
OPEC+, which pumps about half the world's oil, had planned to roll back oil production cuts gradually, Reuters
The OPEC+ oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two OPEC+ sources confirmed on Thursday.
"Sunday does not suit everyone," one of the sources told Reuters after CNBC had reported the postponement, citing two unnamed delegates.
Top OPEC+ ministers have held talks ahead of the oil producer group's meeting, which had been scheduled for Sunday, to set output policy. OPEC+ sources had said there would be discussion over a further delay to oil output increases due to start in January.
OPEC+, which pumps about half the world's oil, had planned to roll back oil production cuts gradually, with small increases to output over 2024 and 2025.
However, a slowdown in Chinese and global demand and rising output outside the group have put a dampener on that plan.
Reporting by Vladimir Soldtakin in Moscow and Angela Christy in Bengaluru
Fourteen months into the war, there are at least three signs that the Israeli economy still enjoys the confidence of investors.
Expectations of a Turkish central bank rate cut strengthened on Wednesday after a less-than-requested minimum wage hike, economists said, as it showed the government's determination to reach disinflation targets.
Following the recent ceasefire with Hezbollah, international airlines are gradually resuming flights to Israel, providing alternatives to the high fares charged by El Al Israel Airlines Ltd. during the war.
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