Oil prices surged by nearly 3% on Thursday as investors anticipated a positive outcome from upcoming US-China trade talks, though analysts warned that tariff-related volatility and rising OPEC+ output may …
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OPEC+
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On Sunday, certain OPEC+ members reached an agreement to prolong voluntary reductions in oil output through the second quarter, according to sources. This decision aims to provide additional support to …
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On Thursday, Saudi Arabia and Russia, the two largest oil exporters globally, jointly called for all OPEC+ members to participate in an agreement on output cuts for the benefit of …
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Latest Updates
Crude Oil Surges to 7-Month High Amid Growing Concerns of Supply Shortages
by Hamza Irshadby Hamza IrshadISLAMABAD: Oil prices have made a notable recovery, reaching their highest point in more than six months, putting an end to a two-week period of declines. This upswing in prices …
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EconomyInternationalLatest Updates
Oil Prices ascent as OPEC+ Nations hold their output targets steady
by Hamza Irshadby Hamza IrshadOil Prices ascent as OPEC+ Nations hold their output targets steady: Oil Prices ascent as OPEC+ Nations hold their output targets steady Monday saw a little increase in oil prices …
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EconomyLatest Updates
OPEC+ members set aside US threat, endorse oil output cut
by Umar Sohailby Umar SohailOPEC+ members have endorsed a steep cut in oil production agreed this month after the White House accused Saudi Arabia of forcing some other nations to support the move. The …
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InternationalLatest Updates
Biden threatens Saudi Arabia of ‘consequences’ after OPEC+ decision of cut in oil production
by Umar Sohailby Umar SohailPresident Joe Biden said “there will be consequences” for US relations with Saudi Arabia after OPEC+ announced it would cut oil production over US objections. Biden’s announcement came a day …