Exclusive-Accounting for war: Ukraine's climate fallout
By Sarah McFarlane and Valerie Volcovici LONDON (Reuters) - The war in Ukraine is deepening the climate crisis at time when global greenhouse gas emissions are already running at a record...
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Blinken heads to Saudi Arabia amid strained ties, Israel normalization in mind
By Humeyra PamukWASHINGTON (Reuters) - U.S. Secretary of State Antony Blinken travels to Saudi Arabia on Tuesday on a mission to steady Washington's relationship with Riyadh after years of...
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Oil falls as global backdrop outweighs Saudi output cut
By Arathy Somasekhar and Trixie Yap (Reuters) -Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed...
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Oil edges lower as OPEC-driven rally fizzles out
Investing.com -- Oil prices crept lower in Asian trade on Tuesday as initial optimism over more supply cuts by Saudi Arabia and the OPEC was largely offset by persistent concerns over...
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Shares steady on hopes for rate-hike hiatus in June
By Lawrence White and Koh Gui Qing NEW YORK/LONDON (Reuters) - World stocks and the dollar dipped on Monday as investors mulled whether the Federal Reserve will refrain from raising rates...
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Oil rises on Saudi plan to deepen output cuts from July
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Monday after the world's top exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July...
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Oil jumps on big OPEC show, then sputters to meek finish
Investing.com -- It had all the makings of a grand show, and a show is what it has been: oil prices jumped some 2% in a preliminary rally Monday fired by Saudi Arabia’s promise of deeper...
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Saudi Minister Seeks Oil Production Transparency From Russia
(Bloomberg) -- Russia would benefit from being transparent in publishing its oil production data as the OPEC+ group, which it leads along with Saudi Arabia, seeks to convince markets that it...
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U.S. oil stocks rally as Saudi output cut pledge spurs rise in crude prices
Investing.com -- U.S. oil stocks rose in premarket trading on Monday as these companies were boosted by a jump in oil prices following an announcement from Saudi Arabia that it plans to cut...
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Crude oil soars; Saudi production cut boosts sentiment
Investing.com -- Oil prices soared Monday after Saudi Arabia, the world’s largest exporter, pledged over the weekend to cut production by a further million barrels per day from July in an...
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Qatar records budget surplus of $5.4 billion in Q1 - state news agency
DUBAI (Reuters) -Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.4 billion) in the first quarter of 2023, its state news agency said on Monday, citing the finance...
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OPEC cuts: Brent seen at $95 despite cautious market reaction - UBS
Investing.com - Brent and WTI are registering rises of between 1% and 1.5% this Monday with OPEC+ extending its agreement on crude supply restrictions through 2024 and Saudi Arabia...
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Explainer-Blood, treasure and chaos: the cost of Russia's war in Ukraine
By Guy FaulconbridgeMOSCOW (Reuters) - Russia's 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world.Here are some...
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Dow futures rise 30 pts; ISM services PMI, Apple in spotlight
Investing.com -- U.S. stocks are seen opening in a mixed fashion Monday, stabilizing after a broad-based rally as investors digest more economic data with next week’s Federal Reserve...
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Marketmind: Jobs glow, crude pops, dollar lifts
A look at the day ahead in U.S. and global markets from Mike DolanWorld markets retained a warm afterglow from Friday's shining U.S. employment reading, with only minor gains in crude oil...
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Saudi output cut plans, Apple unveils new hardware - what's moving markets
Investing.com -- Saudi Arabia vows to slash oil production from next month, while U.S. President Joe Biden signs into a law a bill that lifts the country's debt ceiling and averts a possibly...
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Marketmind: Hawkish pause for thought?
A look at the day ahead in European and global markets from Kevin Buckland:All eyes are on interest rates to start the week, in Europe as well as the United States.Chris Weston, head of...
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Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the...
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Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap - analysts
By Florence TanSINGAPORE (Reuters) - A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July...
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Energy & precious metals - weekly review and outlook
Investing.com - By the time you read this, OPEC would have probably decided, even announced, new production levels meant to seize pricing of oil back from the hands of short-sellers who’ve...
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OPEC+ begins meetings that may agree further output cuts - sources
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan VIENNA (Reuters) -OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1...
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OPEC+ discussing deepening oil production cuts, sources say
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three...
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Oil up over 2% after US debt deal and jobs data; focus turns to OPEC+
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world's biggest oil...
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Indian PM Modi invited to address joint meeting of US Congress on June 22
By Patricia Zengerle WASHINGTON (Reuters) -U.S. congressional leaders on Friday invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and...
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Oil rallies 2nd day in row, paring weekly loss ahead of OPEC
Investing.com -- Fear that the OPEC+ alliance of world oil producers could announce a third production cut in nine months led crude prices to rally again on Friday, significantly paring...
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Crude oil soars on debt ceiling progress; OPEC+, Fed meeting in focus
Investing.com -- Oil prices rose sharply Friday after the U.S. debt ceiling deal passed through Congress, averting a default ahead of the weekend’s meeting of OPEC ministers and their allies...
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Pakistan outlines process for barter trade with Afghanistan, Iran, Russia
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) - Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including...
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World food prices fall to two-year low in May - UN food agency
PARIS (Reuters) -The United Nations food agency's world price index fell in May to its lowest in two years, as a slump in prices of vegetable oils, cereals and dairy outweighed increases for...
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