Friday, February 21, 2020

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Coronavirus Impact: IMF Could Reduce Global Economic Growth Forecast

Kristalina Georgieva, Managing Director – International Monetary Fund (IMF), has warned of serious effects on the world economy if the Wuhan coronavirus outbreak (COVID-19)...
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Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases

Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases

(Bloomberg) -- A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its...
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Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners

Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners

(Bloomberg) -- January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares...
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Oil Traders Made Billions in 2019 as Conflict Shook the Market

Oil Traders Made Billions in 2019 as Conflict Shook the Market

(Bloomberg) -- The world’s largest energy traders enjoyed one of their best-ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and...
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Oil Tumbles on Virus Fear While Saudis See ‘Very Limited’ Impact

Oil Tumbles on Virus Fear While Saudis See ‘Very Limited’ Impact

(Bloomberg) -- Oil tumbled on fears China’s deadly coronavirus will crimp demand, prompting Saudi Arabia to say it was closely monitoring the situation. Futures in London...
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davos

Strategists Say Get Ready for ‘Peak Decade’ in World Economy

(Bloomberg) --Amid the Alpine peaks of the Swiss resort of Davos in the week ahead, politicians, investors and executives will be busy debating whether...
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opec building

OPEC+ Undeterred by Middle East Tensions, Focused on Oil Cuts, Says Saudi

(Bloomberg) --Saudi Arabia’s Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels,...
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Oil Holds Biggest Weekly Drop Since July on Easing Gulf Tension

(Bloomberg) --Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back...
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Oil Set for Biggest Weekly Loss Since July as Middle East Risk Fades

(Bloomberg) --Oil headed for its largest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying...
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iraq oil

Oil Markets in Turmoil After Iran Attacks Reignite Supply Fears

(Bloomberg) --Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its...
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