Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

Iraq said on Friday that it will cut oil production by another 400,000 bpd in both August and September to offset overproduction over the past three months. In a joint statement, Iraqi Oil Minister Ihsan Abdul Jabbar and his Saudi counterpart Prince Abdulaziz bin Salman said the cut would be in addition to the 850,000 […]

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Macy’s announces $1 billion bond offering to repay credit facility

© Reuters. FILE PHOTO: The R.H. Macy and Co.flagship department store is seen in midtown New York (Reuters) – Macy’s Inc (N:) said on Tuesday it planned to raise $ 1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility. […]

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