"Prices are unlikely to increase as sharply as they did from mid-2017 onwards and thus the dampening effect on demand will be reduced," the Paris–based organization said in its latest monthly report published Wednesday.
Rising oil prices have created question marks over the strength of demand, but the IEA left its oil demand growth forecast for 2019 largely unchanged, at 1.4 million barrels a day (mb/d), similar to this year's level.
The judge’s strong approval, and scathing opinion that urged the government not to seek a stay if they opposed the ruling, will give telecommunications providers the confidence that similar types of acquisitions will also have a shot at clearing regulatory hurdles, and could spur other copycat mergers this year, industry analysts and dealmakers said.
Investors are now also expecting major media consolidation, with Twenty-First Century Fox Inc shares rising more than 6 percent in after-market trading. Cable network owner Discovery Inc saw shares increase 3.2 percent while mobile providers, Sprint Corp and T-Mobile US Inc, which are waiting for a government approval of their own, also saw a bump following the decision.
A surge in U.S. government borrowing is likely to prompt the Fed to tweak the way it sets short-term rates. Officials at their May meeting discussed how the effective fed-funds rate has drifted toward the top of its range, currently between 1.5% and 1.75%, and what to do about it.
The preferred solution, according to minutes of that meeting, was to change the way they set the rate at the upper bound of the fed-funds range, which is the rate the Fed pays on excess reserves parked at the Fed by private banks, called IOER.
The Fed has raised this rate by the same amount as the fed-funds rate—by 0.25 percentage point—at every meeting since it began raising rates in 2015. But the Fed on Wednesday could decide it will raise IOER by just 0.20 percentage point to keep the effective fed-funds rate closer to the middle of the its target range.
Nations at the 68th FIFA Congress in Moscow backed North America’s joint bid to host the 2026 World Cup. With a handful of games in Mexico and Canada but the majority in the U.S., the 2026 bid promises the richest and most lucrative tournament in the history of global soccer.
The expanded 2026 men’s event, featuring 48 teams for the first time, will be played in 16 different cities -- 10 in the U.S., plus three sites in both Canada and Mexico. The U.S. will host 60 of the 80 matches, including the final, scheduled for MetLife Stadium outside New York City.
Police say one man pooped on another man during a road rage episode in Pennsylvania.
Authorities say a New Tripoli man got into an argument with another man at about 8:45 a.m. Friday and defecated on the victim.