
Flash Briefing: Qatar dumps OPEC; Mboweni targets investment grade; US/China Trade War truce
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In today’s global headlines….
As was telegraphed in the run-up to the G20 meeting in Buenos Aires, a truce has been called in the trade war between the US and China.
Some tempering of oil’s post-G20 surge is on the cards after Qatar announced at a press conference this morning it is to leave the oil producer cartel OPEC, of which it has been a member since 1961.
In South African related news, Finance Minister Tito Mboweni has repeated his resistance to continue bailing out South African Airways.
As was telegraphed in the run-up to the G20 meeting in Buenos Aires, a truce has been called in the trade war between the US and China.
Some tempering of oil’s post-G20 surge is on the cards after Qatar announced at a press conference this morning it is to leave the oil producer cartel OPEC, of which it has been a member since 1961.
In South African related news, Finance Minister Tito Mboweni has repeated his resistance to continue bailing out South African Airways.