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Bank of England said the first update will take place on July 1, 2031; subsequent updates will occur every five years.

2026-10-07

Bank of England said the first update will take place on July 1, 2031; subsequent updates will occur every five years.

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2026-10-07

Analyst Eamonn Sheridan says a Gulf of Mexico storm is forecast to become the first Atlantic hurricane of 2026 within two days and may strike oil and gas infrastructure. Offshore areas along the storm track produce about 15% of US crude and 5% of US

Analyst Eamonn Sheridan says a Gulf of Mexico storm is forecast to become the first Atlantic hurricane of 2026 within two days and may strike oil and gas infrastructure. Offshore areas along the storm track produce about 15% of US crude and 5% of US gas; as many as six refineries could be affected. US refining capacity is roughly 18 mln bpd, about half in Gulf Coast states, so fuel supply risk from the storm could match crude disruption; diesel prices are at historic highs. Middle East export flows had improved but recent escalation offsets that: Saudi airport was hit twice Monday evening and fighting between Saudi forces and Iran-backed Houthi fighters have intensified, with Saudi-backed Yemeni government forces advancing backed by Saudi air strikes. Diplomatic signals offer little Sheridan assesses the risk balance is more supportive of oil remaining near $100/bbl than declining, unless the storm weakens or Middle East tensions ease.
2026-10-07

According to the Wall Street Journal, US President Trump has not only placed greater reliance on Treasury Secretary Bessett but has also entrusted him with the heavy responsibility of addressing thorny economic issues, including high borrowing costs,

According to the Wall Street Journal, US President Trump has not only placed greater reliance on Treasury Secretary Bessett but has also entrusted him with the heavy responsibility of addressing thorny economic issues, including high borrowing costs, persistent inflation driven by oil prices, and rapidly accumulating government debt. A senior government official who previously worked with Treasury Secretary Bessett stated that the burden of the president's entire economic policy agenda rests on the Treasury Secretary's shoulders.
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