Today Adobe (NASDAQ:ADBE) released a study at EDUCAUSE 2016 that provides insights into U.S. student and teacher perspectives on learning, creativity and the future workforce. A central theme that surfaced from the research underscores the increasing importance of creativity and technology in shaping future careers and solving many of the problems the world faces today. In fact, a staggering 85 percent of students and 91 percent of teachers see creativity as essential to students’ future careers, and 93 percent of students and 73 percent of teachers view technology as key to their career preparedness. Gen Z students shared that classes focusing on computers and technology are among their favorites to take and will best prepare them for their futures.
Futures rose 1.6 percent in London. The curbs will last to the end of 2018, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in the middle of next year, they said. Ministers also need to get Russia, their largest non-OPEC ally, on board at a meeting with other partner countries later on Thursday.
The Organization of Petroleum Exporting Countries is only halfway through its job of bringing oil inventories back to in line with the five-year average and several ministers said an extension of its output-cut deal is essential. The nations gathered in Vienna have worked hard to assure traders of the strength of the group’s continued commitment to the production cuts. Traders will still scour the final communique for signals any disagreements within the group have been dealt with.
“Give the market what it wants and let’s take a look later if necessary,” said Ole Sloth Hansen, head of commodity strategy at Saxo Bank A/S. “Rocking the boat at the 11th hour would be very counterproductive and everyone knows that. There’s mostly relief that nothing prevented the extension.”
Oil inventory levels haven’t yet reached “comfortable” levels, Saudi Oil Minister Khalid Al-Falih said before the OPEC meeting. “We will not lift our foot off the pedal until we are well within the range of inventories we’ve seen when markets are healthy and investments are flowing back.”
For Russia, the biggest and most influential of the cartel’s allies, reassurance about how the curbs would eventually be wound down seemed to be as important as the duration of the extension, according to people involved in closed-door negotiations prior to the ministerial meeting. Ministers will get a chance to review the policy in June at OPEC’s regular gathering, but an exit plan won’t be discussed before the third quarter, Al-Falih said earlier.
more at: https://www.bloomberg.com/news/articles/2017-11-29/oil-trades-near-57-as-u-s-output-expands-before-opec-meeting