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US crude oil output hits record high

US oil production rose to a record high of 11.9 million barrels per day (bpd) in the week ending Jan. 11, the Energy Information Administration (EIA) reported yesterday. 

Notably, the US oil output has jumped 2.4 million bpd since January 2018 and is seen average 12.1 million bpd in 2019 and 12.9 million bpd in 2020, as per the EIA estimates. 

BoJ’s Kuroda: Greater risk that central banks will face zero lower bound problem amid low interest rate environment

Further comments are out from the Bank of Japan (BoJ) Head Kuroda, as he continues to speak at the G20 Symposium in Tokyo. Kuroda, this time, spoke a
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GBP/USD seen at 1.1000 on a hard Brexit - HSBC

Analysts at HSBC offer the outlook on the GBP/USD pair, in the wake of the three various Brexit scenarios. Key Highlights: If the UK stays in the EU
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