Trump

Markets: Barkindo concerned over anti-OPEC bill, Trump tweets

Posted on by Mozambique Resources Post
Markets: Barkindo concerned over anti-OPEC bill, Trump tweets

OPEC members are increasingly concerned about the passage of anti-OPEC legislation in the US while President Donald Trump’s oil price-focused tweets have added new uncertainties to the market, Mohammad Barkindo, OPEC’s secretary general, said Tuesday at CERAWeek by IHS Markit in Houston. Advertisements

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Global Markets: Oil prices climb on OPEC cuts, hopes of U.S-China trade deal

Posted on by Mozambique Resources Post
Global Markets: Oil prices climb on OPEC cuts, hopes of U.S-China trade deal

Oil prices rose on Friday, lifted by OPEC’s supply cuts and hopes the United States and China could soon settle their trade disputes. U.S. West Texas Intermediate (WTI) futures were at $54.10 per barrel at 0133 GMT, up 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures were at $61.25 per barrel, up 41 cents, or 0.7 percent from their last close. “Prices supported by data showing further falls in…

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Global Markets: OPEC+ Recommends Oil Cuts, Defying Trump’s Twitter Plea

Posted on by Mozambique Resources Post
Global Markets: OPEC+ Recommends Oil Cuts, Defying Trump’s Twitter Plea

(Bloomberg) — Saudi Arabia, Russia and other members of the OPEC+ group recommended an oil production cut, defying a Twitter plea from President Donald Trump to keep the taps open, but their meeting didn’t agree on how big any reduction should be.

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Global Markets: “No output boost pledge despite Trump calling for it” – OPEC

Posted on by Mozambique Resources Post
Global Markets: “No output boost pledge despite Trump calling for it” – OPEC

According to Iranian energy news website Shana, Iran’s OPEC Governor Hussein Kazempour Ardebily who represented Iran in Algiers, said the member countries present in the meeting emphasized 100 percent compliance to the previously announced OPEC-Non-OPEC agreement production cut agreement.

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