Commodities

LONDON (Reuters) – A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said. The panel, called the Joint Ministerial Monitoring Committee, includes ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as…

By Maha El Dahan, Ahmad Ghaddar and Alex Lawler DUBAI/LONDON (Reuters) -An OPEC+ ministerial panel which met on Friday made no changes to the group’s current oil output policy after a Saudi decision to extend its voluntary production cut into September helped oil prices rally further. The panel, called the…

Investing.com — Crude oil prices rose Friday, on course for their sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended their voluntary output cuts through September, further tightening global supplies. By 09:20 ET (13:20 GMT), the futures traded 0.5% higher at $81.92 a barrel, while the…

Investing.com — Play it to the hilt. Like an encore demanded each time OPEC performs, the Saudi-cuts gambit rose to the occasion again this week, with the kingdom announcing ahead of the cartel’s monthly meeting on Friday that it will drop another million barrels per day from its September production…

By Shariq Khan (Reuters) -Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. futures rose $1.10, or 1.3%, to settle at $86.24 a barrel,…

By Lewis Jackson and Dominique Patton SYDNEY/BEIJING (Reuters) -Australia on Friday used China’s decision to drop anti-dumping tariffs on its barley imports to call for the end to all remaining trade restrictions, led by wine, as commercial ties between the two trading partners edge towards normalisation. China’s Ministry of Commerce…

By Michelle Nichols UNITED NATIONS (Reuters) -U.S. bank JPMorgan (NYSE:) this week stopped processingpayments for the Russian Agricultural Bank, Russia said on Friday, as it demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. JPMorgan had handled some Russian grain export payments for the…

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