"But clearly, if there's a worsening and deterioration and an escalation of the situation, things will change.When you store your data or your website on a server, you want to make sure it is always up and running. "Base case is that this is hopefully contained within the situation that it is currently - sad as it is - and things continue to be tight," Hughes said. Simonelli said the conflict has not changed the outlook for supply and demand so far, but he warned that the risk of escalation remains. The oil markets have largely dismissed the risk of an escalation in the Israel-Hamas war that could disrupt oil production in recent weeks. "This is, from a political standpoint, very fluid." "But in my tenure, no ," Simonelli told the Financial Times in an interview. Lorenzo Simonelli, the CEO of Baker Hughes, said people are comparing the current situation to the 1973 oil embargo, but he has never sign a higher level of risk. The world is facing the highest level of geopolitical risk in five decades as the Israel-Hamas war threatens to spread and the war in Ukraine grinds on, the CEO of one of the top oilfield services companies said. The RBA had held interest rates steady four straight months until its meeting in November. "Responses over the survey week show sentiment was heading for a slight gain prior to the RBA move, responses amongst those surveyed before the decision consistent with an index read of just over 83." "The RBA's November rate hike has put renewed pressure on family finances and reignited concerns about both the rising cost of living and the prospect of further rate rises to come," said Matthew Hassan, senior economist of Westpac Group. It notes that the Reserve Bank of Australia's decision to raise interest rates by 25 basis points to 4.35% last week, knocked about 6 points off confidence during the survey week. The current reading reflects deeply pessimistic levels, according to the survey. The Westpac-Melbourne Institute index of consumer sentiment fell to 79.9 in November, down from 82 in October. Personal Loans for 670 Credit Score or LowerĪustralia's consumer confidence slid in November, according to a Westpac-Melbourne Institute survey. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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