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Oil Prices Continue Strong Rally off Lows

TrustBank

There are three main contributors: The first is that, despite weak compliance from OPEC in May, the market anticipates that the OPEC+ coalition will extend the production cuts through July or August. According to the original agreement reached in April, OPEC+ was to cut 9.7

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PYMNTS 11

PYMNTS

Yeah, there’s a lot of wiggle room there, but those are the numbers that the Organization of the Petroleum Exporting Countries (OPEC) agreed to cap its production of oil barrels per day. Let’s start with a number between 32.5 million and 33 million. Luckily, the PYMNTS 11 is here to break it all down.

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Zooming In On SMEs’ Financial Weak Spots

PYMNTS

and its businesses, especially when considering the presidential election. But the latest data from Moody’s and Experian suggests small businesses were resilient amid uncertainty. “However, in the coming months, we will have a clearer picture of the new administration’s policy agenda as it relates to business. .

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Instra And BlueSnap Ace Domain Name Trading

PYMNTS

The business of cross-border domain name trading can be beset with compliance issues and confusing billing systems. Because of the characteristics of the business, Instra needed the ability to route to local acquirers in order to increase conversion. company, it faced new compliance regulations, specifically OPEC sanctions.

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Chesapeake bankruptcy seen as turning point for oil industry

TheGuardian

Analysts predict more struggling shale energy firms could fold or be bought up by rivals The bankruptcy of Chesapeake, the pioneer of using fracking to mine shale gas and oil, could mark a new, straitened era for the oil industry, according to analysts.

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Can FinTechs Get Through A Turbulent Market?

PYMNTS

Trading halted for 15 minutes to see the market re-open for business shortly before 10 a.m. The Organization of the Petroleum Exporting Countries (OPEC) break-up paired with the stock sell-off jointly pummeled cryptocurrency markets with the big coin on the block, Bitcoin, losing roughly 10 percent of its value in 24 hours.

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Why The Loan Shark Prevention Act Will Harm Consumers

PYMNTS

The price of crude oil went from $3 a barrel to $12 almost overnight, and the Organization of the Petroleum Exporting Countries (OPEC) imposed an embargo on shipments to the U.S. And businesses – some above board, some unscrupulous – will fill the gap. In 1973, the world’s energy market was a hot mess.

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