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Oil falls as Saudi Arabia boosts supply in face of disruptions elsewhere

July 2, 2018 admin Comments Off on Oil falls as Saudi Arabia boosts supply in face of disruptions elsewhere

Oil prices fell on Monday, with a Reuters survey showing Saudi Arabia has boosted supplies to a near-record 10.7 million barrels per day (bpd) in a sign the world’s top crude exporter wants to make up for disruptions elsewhere. Brent crude oil futures were at $78.52 per barrel at 0058 GMT, down 71 cents, or 0.9 percent, from their last close. Saudi Arabia’s output is up 700,000 bpd from May, a Reuters survey found on Friday, and close to its 10.72 million bpd record from November 2016, more than making up for disruptions elsewhere within the Organization of …read more […]

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U.S. Backs off Trump Tweet on Saudis Helping Lower Oil Price

July 2, 2018 admin Comments Off on U.S. Backs off Trump Tweet on Saudis Helping Lower Oil Price

Jul.01 — The White House is appearing to back off a tweet sent by President Trump claiming that he has persuaded Saudi Arabia to boost oil production to its maximum capacity which could affect the fragile OPEC truce and stoke the kingdom’s rivalry with Iran. Bloomberg’s Ros Krasny reports on “Bloomberg Daybreak: Asia.” …read more […]

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Amazon poached 30 executives from Microsoft in the past 3 years — 6 times as many executives as the next lead poacher, Google (AMZN)

July 2, 2018 admin Comments Off on Amazon poached 30 executives from Microsoft in the past 3 years — 6 times as many executives as the next lead poacher, Google (AMZN)

Amazon poached more Microsoft executives from 2015 to 2017 than any other tech company, CNBC reports, citing the data-collecting startup Paysa. Microsoft is known for churning out quality employees, but while other tech giants took two (Apple and eBay) or five (Google) execs in those three years, Amazon managed to poach 30. Proximity most likely has a lot to do with the migration, but Amazon’s innovation and compensation are said to also be deciding factors, especially for employees who have already spent years at Microsoft. …read more […]