Saudi to cut oil output in July, OPEC extends deal into 2024
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make deep production cuts in July as part of a broader output-limiting OPEC+ deal as the group faces...
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United States 12 Month Oil News & Analysis
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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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Oil rises on debt ceiling optimism, OPEC uncertainty caps gains
Investing.com -- Oil prices rose in Asian trade on Friday as markets cheered the approval of a bill to raise the U.S. debt ceiling and avoid a default, although uncertainty ahead of an OPEC...
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Oil: OPEC’s action on Sunday will be price-driven vs. hype - Citi
Investing.com -- The outcome of Sunday’s OPEC+ meeting will most likely be price-driven versus the alliance’s hype that it isn’t price-focused, analysts at Citigroup suggested in a note...
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Stock market today: Dow kicks off June on firm footing amid debt-ceiling progress
Investing.com -- The Dow on Thursday kicked off June on a firm footing as investors cheered progress on the debt-ceiling bill with just days to go until the U.S. runs out of money. The Dow...
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Brazil posts record trade surplus in May on surging exports
BRASILIA (Reuters) - Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday. The...
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Oil rises 3% on US debt ceiling progress, traders on alert for OPEC+ meeting
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Thursday by the most in two weeks ahead of an OPEC+ meeting on Sunday, while House of Representatives passage of a bill to suspend the...
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S&P 500 rides debt-ceiling progress higher; Tech resumes climb
Investing.com -- The S&P 500 climbed Thursday as the U.S. moved closer to averting a default after the House passed a debt-ceiling bill. The S&P 500 was up 1.1%, the Dow Jones...
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Oil up 4% after 3-day loss; ‘OPEC+ fear’ offsets U.S. supply build
Investing.com -- It’s the same script that plays out before each OPEC+ meeting and we’re seeing it again. Crude prices rose as much as 4% Thursday, paring the 7% loss from three previous...
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U.S. crude stocks up about 4.5M barrels last week - EIA
Investing.com -- U.S. crude stockpiles rose last week while fuel inventories were mixed, according to government data on Thursday that bucked expectations for falls in both as oil bulls bet...
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OPEC+ unlikely to deepen oil supply cuts at June 4 meeting, sources say
By Ahmad Ghaddar and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward...
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House passes debt limit bill, Fed rate debate intensifies - what's moving markets
Investing.com -- The race to lift the U.S. debt ceiling before a disastrous default clears a major hurdle after the House of Representatives passes a bill raising the limit. Meanwhile,...
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Oil moves higher on debt ceiling progress, positive Chinese data
Investing.com -- Oil prices rose in Asian trade on Thursday, rebounding from near one-month lows as investors cheered progress towards averting a U.S. debt default, while signs of life in...
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Exclusive-US set to allow GE to make engines in India for New Delhi's military jets
By Trevor Hunnicutt, Krishn Kaushik and Rajesh Kumar SinghWASHINGTON/NEW DELHI (Reuters) - The Biden administration is poised to sign off on a deal that would allow General Electric...
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Marketmind: June starts on a nervous note
By Jamie McGeever(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.A batch of purchasing managers index reports from across the Asia-Pacific region will offer local...
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U.S. crude stocks up 5.2M barrels last week - API
Investing.com -- U.S. crude stockpiles likely rose last week along with inventories of fuel, petroleum industry group API indicated in a report Wednesday that bucked expectations for falls...
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Oil hits 4-week low on Chinese manufacturing slide, dollar spike
Investing.com -- Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half...
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US crude March output hits 3-yr high as Texas production grows -EIA
By Stephanie Kelly and Scott DiSavino NEW YORK (Reuters) - U.S. field production of crude oil rose in March to 12.696 million barrels per day, the highest since March 2020, when the...
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Brazil's economy likely surged back in Q1 powered by record crops: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) - Brazil's economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that...
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Crude oil slumps on demand concerns after weak Chinese data
Investing.com -- Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the...
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Carrots and sticks: Venezuela's new oil chief targets graft, courts workers
By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) - The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil...
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Bitcoin Outperforms Major Commodities Over Last 90 Days: Glassnode
Coin Edition - Bitcoin emerges as the strongest performer among major commodities.Data shared by Glassnode suggests that BTC continues to...
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Economic fears to cap oil prices below $90 through 2023: Reuters poll
By Kavya Guduru (Reuters) - Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a...
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Dow futures fall 65 pts; debt talks, job openings, Beige Book in focus
Investing.com -- U.S. stocks are seen opening with small losses Wednesday, with investors continuing to focus on the passage of the deal to lift the debt ceiling through Congress as the...
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Debt limit progress, weak Chinese data - what's moving markets
Investing.com -- The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing...
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