Nov 29, 2017

OPEC & Russia set to continue oil supply cuts through next year

Russian Minister of Energy Alexander Novak Photo: Ronald Zak / AP

The scene in Vienna:"OPEC and Russia look set to prolong oil supply cuts until the end of 2018 this week while signalling that they may review the deal when they meet again in June if the market overheats," Reuters reports.

Markets keep watch: Via Bloomberg and other outlets, oil prices fell somewhat Wednesday morning as traders watch the action at the OPEC meeting. More broadly, analysts predict that prices could fall significantly if the deal isn't extended all the way through the end of 2018 at this week's meeting.

Be smart: This CNBC interview with Amrita Sen, chief oil analyst at Energy Aspects, offers some good context on the dynamics at the OPEC meeting, where the future of the deal between the cartel, Russia and other producers is under discussion.

Go deeper

Trump administration backs Oracle in Google fight

Photo illustration: Aïda Amer/Axios. Photo via The Washington Post.

The Trump administration is siding with Oracle in the database giant's dispute with Google before the Supreme Court — a move that comes as Oracle's founder hosts a high-dollar fundraiser for the president.

Why it matters: Billions of dollars — and, Google argues, the future of software innovation — are at stake as a long-running copyright dispute between the two giant companies heads to the Supreme Court next month.

Established VCs turn to "super angels" to grow their network

Illustration: Eniola Odetunde/Axios

Thanks to companies like AngelList and Carta that make it easier than ever to set up small VC funds, a new generation of so-called “super angels” is cropping up — and established venture funds are backing them.

Why it matters: Just like the boom in scout programs a number of years ago, it’s all about the deal flow.

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.