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Column: Saudi output cut removes downside risk from oil market

Extra crude production cuts announced by Saudi Arabia and Russia have removed some downside risk and stemmed the erosion of the spot prices and calendar spreads evident since early in the second quarter. ....

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Exclusive: Mexico's Pemex to lose some 100,000 bpd of crude this month after fire -source

Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. ....

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