Oil extends losses as economic slowdown concerns return
By Yuka Obayashi and Muyu XuTOKYO (Reuters) -Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter...
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Saudi crown prince, Blinken had 'candid' talks in Jeddah -US official
By Humeyra PamukJEDDAH, Saudi Arabia (Reuters) - U.S. Secretary of State Antony Blinken met Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday and discussed a wide range...
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Oil pulled lower by weak Chinese data, wipes out OPEC-driven gains
Investing.com -- Oil prices fell in Asian trade on Wednesday as weak Chinese trade data spurred more fears of slowing demand in the country, with prices having now reversed all gains made...
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Blinken visits Saudi Arabia amid strained ties, Israel normalization in mind
By Humeyra Pamuk JEDDAH, Saudi Arabia (Reuters) -U.S. Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday on a mission to steady Washington's relationship with Riyadh after...
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Exclusive-Canada's TC Energy laying off staff
By Nia Williams(Reuters) -Canada's TC Energy is cutting some jobs to "optimize value" a company spokesperson said on Tuesday, without giving details of how many positions have been...
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U.S. crude stocks down, fuel inventories surge in Memorial Day run - API
Investing.com -- U.S. crude stockpiles likely rose last week, while inventories of fuel surged, petroleum industry group API indicated in a report Tuesday that delivered a mixed outcome for...
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US EPA to remove proposed EV volumes from biofuel blending rule - sources
By Jarrett Renshaw and Stephanie Kelly NEW YORK (Reuters) - The Biden administration will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program...
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Oil steadies as EIA calls Brent at just under $80
Investing.com -- Crude markets plunged 2% Tuesday to defy the latest Saudi gambit on lower production, before steadying on a relatively positive forecast from the U.S. government that helped...
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Oil prices ease as economic fears overshadow Saudi output cut
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% on Tuesday as worries that sluggish global economic growth could reduce energy demand outweighed Saudi Arabia's pledge to...
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Russian budget deficit narrows to $42 billion after May surplus
By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia recorded a marginal budget surplus in May, enabling it to slightly reduce its deficit for the first five months of the year to...
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Oil: Saudi maneuver itself won’t bring $80-$90 a barrel - Citi
Investing.com -- Saudi Arabia’s 1-million-barrels-per-day oil cut that will reduce its output by 20% in total in July won’t by itself bring a barrel to between $80 and $90, Citigroup’s...
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War in Sudan puts South Sudan in danger too: the world’s youngest nation needs a stable neighbour
Anton Petrus/ Getty ImagesTwelve years after independence, South Sudan remains extremely poor and underdeveloped. A peace deal brokered in 2018 has failed to...
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Wall St set for subdued open as mixed data fuels Fed policy uncertainty
By Sruthi Shankar and Shristi Achar A(Reuters) - Wall Street's main indexes were set for a subdued open on Tuesday as investors assessed chances of the Federal Reserve holding interest rate...
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Marketmind: Markets level, Aussie hikes, crypto judders
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off on Tuesday, Australia dampened hopes that central banks were set to pause the interest...
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SEC sues Binance, Apple unveils Vision Pro headset - what's moving markets
Investing.com -- The U.S. SEC sues digital coin exchange Binance as the regulatory scrutiny on the cryptocurrency industry increases. Meanwhile, Apple unveils a new mixed reality headset...
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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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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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