Tag: oil
Oil Steadies on OPEC+ Reassurances, Set for Third Weekly Loss
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Oil prices stabilized on Friday after key OPEC+ members, Saudi Arabia and Russia, indicated a possible pause or reversal in planned output increases. Despite...
Which Currency is the Most Expensive?
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In the global financial system, currencies play a crucial role in facilitating international trade, investment, and economic stability. Among the myriad of currencies circulating...
Unwinding of Hugely Popular Currency Trade Rocks Markets
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A sharp drop in Mexico's currency following a landslide election result has caused significant disruption in foreign exchange markets, affecting currencies as far away...
Saudi Arabia Reduces July Arab Light Crude Oil OSP to Asia
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Saudi Arabia has adjusted its official selling price (OSP) for its flagship Arab Light crude oil to Asia for July, setting it at plus...
Oil Prices Rise Amid Expectations of September US Interest Rate Cut
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Oil prices continued to climb on Thursday, supported by growing expectations of an interest rate cut from the U.S. Federal Reserve in September. However,...
What does oxygenated gasoline do?
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Oxygenated gasoline has become a significant aspect of the automotive industry, driven by environmental concerns and the quest for cleaner fuel alternatives. Understanding what...
Dollar Edges Up Ahead of Key Data and Bank of Canada Policy Meeting
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The dollar stabilized on Wednesday, anticipating crucial U.S. economic data releases and a monetary policy meeting in Canada that traders speculate could trigger rate...
Oil Prices Near Four-Month Low Amid OPEC+ Supply Outlook and Rising U.S. Stocks
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Oil prices remained near four-month lows on Wednesday as markets anticipated a supply increase later this year when OPEC+ begins to unwind some output...
Stocks Gain on Rate-Cut Wagers as ECB Meeting Looms
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World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labor market...
Where Does Canada Get Its Gasoline From?
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Canada, a vast country with diverse energy needs, sources its gasoline from various domestic and international suppliers. Understanding where Canada gets its gasoline involves...
OPEC+ Extends Deep Oil Production Cuts into 2025
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On Sunday, OPEC+ announced the extension of its significant oil output cuts well into 2025, aiming to stabilize the market amid lukewarm demand growth,...
Japan’s Nikkei 225 Index Rises by 1.16% at Close
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Tokyo, Japan - On Monday, Japan's stock market witnessed a rise, with notable gains observed in the Gas & Water, Chemical, Petroleum & Plastic,...