Home / Business / Bloomberg said : Optimism Over OPEC Production Cuts Is Fading

Bloomberg said : Optimism Over OPEC Production Cuts Is Fading

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Intel can afford the acquisition with its cash on hand, but it’s still a pricey roll of the dice.
Intel said it will acquire Mobileye, an Israeli company whose technology helps self-driving cars “see” their surroundings, for $15.3 billion.
Intel’s Mobileye Deal Is a Pricey Roll of the Dice48:19 – Intel’s expensive splurge at the car dealership makes sense, but it’s also clear that hype for the next generation of automotive technology is getting out of hand.
Shira Ovide, a Bloomberg Gadfly columnist, has more on “What’d You Miss?”
(Source: Bloomberg)

according to

Will Nigeria Be Forced To Join The OPEC Production Cut?

Will Nigeria Be Forced To Join The OPEC Production Cut?*/

Nigeria could lose its exempt status in the OPEC oil production cut deal, as it restores its daily output to levels last seen before militant attacks on infrastructure in the Niger Delta began.
“Nigeria appears well on the way to full restoration of its output that could see it pressured by its fellow OPEC members to end its exemption from the production agreement,” the source said.
Militant attacks have become much less frequent than last year as the government intensified its talks with Delta communities.
Separately, the group managing director of the Nigerian National Oil Corporation said that OPEC is monitoring Nigeria and Libya, signaling that the exemption is not irreversible.
Shell, one of the biggest field operators in Nigeria, separately committed $1 billion to the Delta.

according to

EFG's Al Hajj Says OPEC Production Cuts Haven't Failed*/

Intel can afford the acquisition with its cash on hand, but it’s still a pricey roll of the dice.
Intel said it will acquire Mobileye, an Israeli company whose technology helps self-driving cars “see” their surroundings, for $15.3 billion.
Intel’s Mobileye Deal Is a Pricey Roll of the Dice49:16 – Intel’s expensive splurge at the car dealership makes sense, but it’s also clear that hype for the next generation of automotive technology is getting out of hand.
Shira Ovide, a Bloomberg Gadfly columnist, has more on “What’d You Miss?”
(Source: Bloomberg)

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