FAI: A bunch of Bank of America customers lost $1.2 million after putting a big chunk of money in Puerto Rico
From Business Insider FA Insights is a regular newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Financial Industry Regulatory Authority said on Wednesday it fined Bank of America Merrill Lynch $7 million for inadequate…
Saudi Arabia is key for an OPEC deal to happen in November
By Nick Cunningham, OilPrice.com Fro Business Insider Oil prices shot up more than 6 percent this week on the news that OPEC reached a deal to cut oil production, but by Friday the rally seemed to be already running out of…
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Jamaica is paying its oil debts to Venezuela with food instead of cash
By Alan Hernández, VICE News From Business Insider Jamaica has announced it is going to pay off oil debts it has with Venezuela with food, medication, and fertilizers, instead of cash. The barter agreement comes at a time when Venezuela…
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The View from Europe: Another blow for Venezuela
By David Jessop From Caribbean News Now Last week in Doha, many of the world’s major producers of crude oil tried, but failed to agree to freeze production, in order to stabilise and eventually increase prices. It was an outcome…
Oil rout over, OPEC aims for $50 anchor, says PIRA’s Ross
From Newsmax Major OPEC producers are privately starting to talk about a new oil price equilibrium of $50 a barrel, adding to signs that the market’s long, deep rout is officially over, says one of the industry’s leading prognosticators. Gary…
China could be the sponge to soak up the world’s oil oversupply
By Colin Chilcoat, OilPrice.com From Business Insider Discerning market pessimism from fundamental-based movements can be difficult, especially with all the moving oil has done in the last year plus. And to be sure, both have played significant roles to date….
Goldman Sachs: Oil may fall to $20 as global surplus expands
From Newsmax The global surplus of oil is even bigger than Goldman Sachs Group Inc. thought and that could drive prices as low as $20 a barrel. While it’s not the base-case scenario, a failure to reduce production fast enough…
Why plunging oil prices should worry Caribbean governments
By David Jessop From Antillean Media Group Effects on the Venezuelan economy, and its ability to sustain the PetroCaribe agreement with Caribbean countries, is now a major economic worry On the face of it, the collapse in global oil prices…
Goldman slashes 2015 oil price forecast as output tops demand
From Newsmax Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, following a near 25 percent fall in crude prices over the past five months. The U.S. investment bank said rising…
Oil prices fall sharply: Will poor populations benefit?
By Sir Ronald Sanders From Caribbean360 BRIDGETOWN, Barbados, Thursday October 16, 2014 – To anyone living in a developing country that is not an oil-producer, the present drop in the price of oil is very welcome. Ever since the world’s…
