OPEC's bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.
Russian President Vladimir Putin may meet with Saudi Crown Prince Mohammad bin Salman at the Group of 20 summit next week and discuss issues including the oil market, the Kremlin says.
Fitch Solutions Macro Research's core view is that the price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018.
AAA contends that motorists should add cheaper gasoline prices to their list of 'things for which to be thankful' this Thanksgiving.
Wall Street Journal
Commercial News
11/21/18
WSJ.com: Commercial Real Estate
CBRE Global Investors Buys Stake in Three GGP Malls One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
FAO Schwarz Is Returning to New York A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.
Sportswear-Maker Puma to Open New York Flagship Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.
Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.
Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.
