LA Private

July 18, 2023

ASX down 0.47% at noon as RBA indicates further rate hikes are possible

The Reserve Bank released minutes from its July 6 policy meeting, indicating the possibility of further rate increases depending on upcoming data, including inflation figures to be reported on July 26. The bank emphasised the need to bring inflation back to target but acknowledged the time required for the economy and labour market to adjust

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Shale rig count plummets amidst strong oil prices: A tale of contrasting fortunes

The shale industry is witnessing a rapid decline in rig count, reminiscent of the height of the Covid-19 pandemic, despite favourable oil prices. This downturn tells a story of contrasting fortunes between the haves and the have-nots. Private companies, which raced to add rigs as the pandemic waned, have now depleted many of their most

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