Table of Contents:
Delays in oil production: the decisions of OPEC+
Recently, OPEC+ announced a three-month delay in the resumption of its oil production, a decision that marks the third time that the group has postponed the removal of output cuts. This delay comes in a market environment increasingly oriented towards a supply surplus, creating concerns among investors and industry analysts. The group, led by Saudi Arabia and Russia, has decided to postpone the increase in supply of 180,000 barrels per day, initially scheduled for January, now set for
April.
The implications for the global market
This OPEC+ decision should not be underestimated, as it could have significant repercussions on global oil prices. With the increase in production delayed, markets may continue to experience some volatility. Analysts predict that, if the supply surplus is not managed properly, oil prices could be under downward pressure, affecting not only producers but also consumers and
economies dependent on crude oil.
Other significant economic news
In a changing economic environment, Satispay has recently signed an agreement with the Esselunga Group, allowing the use of its food stamps in more than 190 stores. This collaboration represents an important step for Satispay, which chose Esselunga as its payment partner in 2017, highlighting the growth and expansion of the digital payment platform in Italy
.
In addition, the Italian Innovate consortium, led by Cineca, has obtained the first industry-grade supercomputer promoted by EuroHPC JU. This development reinforces Italy’s position in the supercomputing sector, with a cutting-edge system hosted at the Bologna Technopole, accelerating the adoption of artificial intelligence and HPC technologies
in Europe.
Trends in Asian markets
Chinese stock exchanges closed higher, following the positive trend of the American markets. Shanghai and Shenzhen posted gains, while Hong Kong went against the trend. The statements of Jerome Powell, President of the Fed, have influenced the markets, contributing to a climate of optimism. The Tokyo Stock Exchange also ended the day slightly higher, supported by the positive trend in the US markets, with the Nikkei index gaining 0.3% and the Topix index rising
by 0.1%.
