• Capital One says it won't use CFTC waiver related to oil lending

    2 monthes ago - By Reuters

    U.S. lender Capital One Financial Corp said on Saturday it would not use a U.S. Commodity Futures Trading Commission waiver after commodity price volatility lifted the bank's derivatives exposure toward a key regulatory threshold.
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  • Saudi Arabia uses low oil prices to force US to cut shale production, but damage to all countries may prompt talks

    Saudi Arabia uses low oil prices to force US to cut shale production, but damage to all countries may prompt talks

    2 monthes ago - By RT

    A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may force Riyadh, Washington and Moscow to finally talk.
    The so-called ‘Shale Revolution' in the US in recent years has deprived the Saudis of a huge chunk of the American oil market, but Riyadh is now using the coronavirus crisis to win back its lost position.
    After failing to find common ground with Russia on how to respond to the pandemic, Saudi Arabia began pumping oil at such an intense rate that the prices saw the...
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