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Top oil producers agree on modest output boost from August

Top oil producers agree on modest output boost from August By AFP - Jul 18,2021 - Last updated at Jul 18,2021 An employee of a gas station fills the tank of a motorbike in Karachi on Friday, following an increase in petroleum prices by the government. VIENNA The world s leading oil producers agreed on Sunday to continue to modestly boost output from August reaching a compromise after the United Arab Emirates blocked a deal earlier this month. An OPEC+ meeting decided to raise output by 400,000 barrels per day (bpd) each month from August to help fuel a global economic recovery as the pandemic eases, the group s Vienna-based secretariat said in a media statement.

European stocks falter after Asian markets decline

European stocks falter after Asian markets decline By AFP - Jul 05,2021 - Last updated at Jul 05,2021 London stocks go up as oil prices rise ahead of an output decision by the Organisation of the Petroleum Exporting Countries (AFP photo) LONDON European stock markets faltered on Monday after a mainly downbeat Asian session, but London rose on takeover news and rising oil prices before an output decision by the Organisation of the Petroleum Exporting Countries (OPEC). In early afternoon eurozone deals, Frankfurt stocks dipped and Paris flatlined, as investors eyed poor Chinese data. With US markets shut for the Independence Day holiday, no momentum was expected from the other side of the Atlantic.

European stocks falter after Asian markets decline

European stocks falter after Asian markets decline By AFP - Jul 05,2021 - Last updated at Jul 05,2021 London stocks go up as oil prices rise ahead of an output decision by the Organisation of the Petroleum Exporting Countries (AFP photo) LONDON European stock markets faltered on Monday after a mainly downbeat Asian session, but London rose on takeover news and rising oil prices before an output decision by the Organisation of the Petroleum Exporting Countries (OPEC). In early afternoon eurozone deals, Frankfurt stocks dipped and Paris flatlined, as investors eyed poor Chinese data. With US markets shut for the Independence Day holiday, no momentum was expected from the other side of the Atlantic.

Saudi Arabia sacrificed the most to improve oil market: Energy Minister

Saudi Arabia sacrificed the most to improve oil market: Energy Minister
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