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OPEC sets July 1-2 as date for its next meeting

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Highlights Meeting uncertainty leaving market ‘jittery’ Oil cut agreement set to expire at end of June OPEC/non-OPEC charter may be on agenda London — OPEC and its allies have fixed the date of their upcoming meetings in Vienna for July 1-2, ending a protracted scheduling spat that the organization’s president had said was keeping the Read More

OPEC sets July 1-2 as date for its next meeting: sources

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London — OPEC and its allies have fixed the date of their upcoming meetings in Vienna for July 1-2, four sources have told S&P Global Platts, ending a protracted scheduling spat that the organization’s president had warned was keeping the oil market on edge. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

OPEC+ proposes mid-July meeting to settle dispute over dates

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By Golnar Motevalli, Grant Smith and Salma El Wardany on 6/18/2019 TEHRAN, LONDON and CAIRO (Bloomberg) — OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date. The oil producers group, which pumps more than Read More

Draghi’s stimulus hints put ECB in Trump’s crosshairs

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SINTRA, Portugal (Reuters) – The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signaling one of the biggest policy reversals of his eight-year tenure and provoking the ire of U.S. President Donald Trump. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB) Read More

Russia builds dozens of airports while Berlin’s Brandenburg still unfinished after 13 years (PHOTOS)

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Renowned German punctuality doesn’t apply when it comes to the Berlin Brandenburg Airport. Its opening, originally scheduled for 2011, has been postponed several times and there are doubts it will finally open its doors in 2020. The German capital has been waiting for a new international airport, to be named after the late politician Willy Read More

Saudi Arabia blames Iran for oil tanker attacks, but doesn’t want ‘regional war’

3 days ago DieselGasoil Comments Off on Saudi Arabia blames Iran for oil tanker attacks, but doesn’t want ‘regional war’
Saudi Crown Prince Mohammed bin Salman has accused Iran of masterminding the attacks on two oil tankers in the Gulf of Oman this week. One of the explosions rocked a Japanese-owned ship just as PM Abe held talks in Tehran. The Iranian government “did not respect the presence of the Japanese Prime Minister as a Read More

Wall St. climbs as oil jumps after Gulf tanker attacks

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NEW YORK (Reuters) – U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a supply disruption following attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May Read More

Wall Street edges higher as oil jumps after Gulf tanker attacks

6 days ago DieselGasoil Comments Off on Wall Street edges higher as oil jumps after Gulf tanker attacks
NEW YORK (Reuters) – U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of supply disruption following attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, Read More

Wall Street climbs as oil jumps after Gulf tanker attacks

6 days ago DieselGasoil Comments Off on Wall Street climbs as oil jumps after Gulf tanker attacks
(Reuters) – U.S. stocks continued to gain on Thursday after two days of declines, as energy shares turned attractive after oil prices rose sharply on concerns of supply disruption following suspected attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Wall St. higher as oil surges after tanker attacks in Gulf of Oman

6 days ago DieselGasoil Comments Off on Wall St. higher as oil surges after tanker attacks in Gulf of Oman
(Reuters) – U.S. stocks continued their climb on Thursday after two days of declines as energy shares gained on higher oil prices following suspected attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, 2019. REUTERS/Brendan Read More