Market Talk – April 1, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 6.92 points or 0.02% to 35,624.48 • Shanghai increased 12.69 points or 0.38% to 3,348.44 [...]
Saudi Arabia may actually be exiting OPEC. There are serious discussions about floating the state owned oil producer Aramco. Saudi Arabia attempted to get other oil producers around the world to agree to reduce production. Saudi Arabia is looking to float Aramco if the other producers fail to agree to cut production. The problem is that OPEC cannot reverse the trend in motion.