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OPEC+ agrees another accelerated oil output hike for June, sources say
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OPEC+ agrees another accelerated oil output hike for June, sources say

FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024.  Maxim Shemetov | Reuters Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike […]

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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
World

Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets

The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday […]

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Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic
World

Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic

Stockholm, Sweden ranked as the No. 2 most sustainable destination in the world for 2024, according to Tripadvisor. Laurie Noble | Stone | Getty Images Sweden is often viewed as a a liberal utopia in Europe and beyond, with the country of 10.5 million people known for its stable economy, high quality of life and […]

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Water shortages are likely brewing future wars — with several flashpoints across the globe
World

Water shortages are likely brewing future wars — with several flashpoints across the globe

A ship stranded in the growing salt flats of Lake Urmia in Iran. Hamed | Afp | Getty Images The diminishing availability of water resources across the globe should be considered one of the most pressing environmental security challenges of the century. That’s the view of one military geography and environmental security specialist, who recently […]

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Oil prices extend slump on likely restoration of Libyan production, OPEC+ plans to raise output
World

Oil prices extend slump on likely restoration of Libyan production, OPEC+ plans to raise output

Oil pumpjacks operate as the Lake Fire burns in Los Padres National Forest with evacuation warnings in the area on July 6, 2024 near Los Olivos, California.  Mario Tama | Getty Images Oil prices extended declines during Asia trading hours, after a report that Libya’s oil production was set to be restored pressured prices overnight. […]

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Pakistani pilgrim bus overturns, killing 28, injuring 23 in Iran
World

Pakistani pilgrim bus overturns, killing 28, injuring 23 in Iran

A bus carrying Pakistani pilgrims overturnedon Tuesday in the central Iranian province of Yazd and was caused by a technical defect in the bus braking system, according to preliminary investigations made by the Iranian traffic police. Tuul & Bruno Morandi | The Image Bank | Getty Images A bus carrying Pakistani pilgrims overturned in central […]

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Rockets fired from Iraq to U.S. armed service foundation in Syria, Reuters reports citing resources
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Rockets fired from Iraq to U.S. armed service foundation in Syria, Reuters reports citing resources

At least five rockets ended up released from Iraq’s city of Zummar towards a U.S. armed service foundation in northeastern Syria on Sunday, two Iraqi stability sources and a U.S. formal instructed Reuters. Anadolu | Anadolu | Getty Visuals At least five rockets were launched from Iraq’s city of Zummar towards a U.S. military base in northeastern Syria on Sunday, two Iraqi security sources and a U.S. official told Reuters. […]

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Oil selling prices drop immediately after OPEC+ extends voluntary oil output cuts until eventually mid-year
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Oil selling prices drop immediately after OPEC+ extends voluntary oil output cuts until eventually mid-year

Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil costs fell Monday right after oil cartel OPEC+ agreed to lengthen voluntary output reductions till the 2nd quarter, in an effort to help the limited-expression balance of crude marketplaces. World-wide benchmark Brent fell 73 cents, or .89%, to $82.81 a barrel Monday, though U.S. West […]

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CNBC Day-to-day Open: Wall Street large on AI euphoria
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CNBC Day-to-day Open: Wall Street large on AI euphoria

Jonathan Raa | Nurphoto | Getty Illustrations or photos This report is from present-day CNBC Day-to-day Open, our worldwide markets e-newsletter. CNBC Every day Open brings investors up to velocity on every little thing they will need to know, no issue the place they are. Like what you see? You can subscribe right here. What you […]

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CNBC Every day Open: The U.S. overall economy is humming alongside
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CNBC Every day Open: The U.S. overall economy is humming alongside

This report is from modern CNBC Daily Open, our intercontinental markets e-newsletter. CNBC Day by day Open provides investors up to speed on every little thing they need to have to know, no subject exactly where they are. Like what you see? You can subscribe here. What you have to have to know today  Wall Street […]

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