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Kuwait’s OilMin: Oil market is well on its way towards rebalancing

Livesquawk out with comments from the Kuwait Oil Minister, as he speaks on the sidelines of the OPEC/ non-OPEC meeting.

Key Points:

Oil Market is well on its way towards rebalancing

Separately, Russian Energy Minister Novak is also on the wires, noting that ‘we see significant demand in growth in H2 17’, adding that global OECD oil inventories declined to 2b barrels in Aug.   

SNB’s Moser: Moving away from LIBOR will not affect monetary policy

The Swiss National Bank (SNB) Deputy Governing board member Moser is out on the wires, via Reuters, noting that doing away with the LIBOR will not hav
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GBP/USD flirting with lows, around mid-1.3500s ahead of May’s Brexit speech

The GBP/USD pair stalled its up-move just ahead of the 1.3600 handle and has now dropped to fresh session lows in the region of mid-1.3500s.  The pai
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