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Tag Archives: OPEC Meeting

Top Marcellus Shale news stories – May 28 – June 3

natural gas drilling

Catch up on this week’s top headlines with our Marcellus Shale news weekly recap. Below are the five stories that received the most page views over the past week. Enjoy! 5. Coal miners PAC backs Portman over Strickland for US Senate COLUMBUS, Ohio (AP) — A coal miners’ union influential in Appalachian Ohio is backing Republican Rob Portman over rival Ted ...

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After an early wobble, US stocks close higher

U.S. stocks rebounded from an early slide Thursday, nudging the Standard & Poor’s 500 index and Nasdaq composite to their highest close of the year. Health care companies led the comeback. Energy stocks declined the most following a meeting of OPEC ministers that ended without an agreement on crude production cuts. A late-afternoon reversal delivered the second gain in two ...

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OPEC states fail to reach deal on production

VIENNA (AP) — OPEC countries failed Thursday to agree on measures to influence crude supplies and prices, in a missed opportunity to show the resolve that for decades let them set how much consumers and industries worldwide would pay for gasoline, heating and related necessities. At the same time, OPEC officials argued the cartel was alive and well, scoffing at ...

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Global stocks, oil edge up as OPEC weighs output deal

MANILA, Philippines (AP) — Global stocks and the price of oil edged higher Thursday as OPEC countries discussed ways to control production and re-assert their influence over energy markets. Investors were also keeping an eye on the European Central Bank for hints on the economic outlook. KEEPING SCORE: Britain’s FTSE 100 was up 0.5 percent to 6,220 and France’s CAC ...

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Saudi Arabia outlines sweeping economic reform plans

Saudi Arabia outlines sweeping economic reform plans

RIYADH, Saudi Arabia (AP) — Saudi Arabia on Monday approved a long-awaited plan laying out reform priorities for the next decade and a half, setting in motion what is likely to be a period of significant economic change in the oil-rich kingdom. The project, which includes plans to float a stake in the world’s largest oil company and set up ...

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Global stocks rally as oil price climbs, optimism increases

SEOUL, South Korea (AP) — Global stock markets rallied on Tuesday as a rebound in oil prices and upbeat economic data brightened investor sentiment. KEEPING SCORE: Europe tracked Asia higher, with Britain’s FTSE 100 up 0.3 percent to 6,371.12 and France’s CAC 40 up 1.0 percent to 4,553.44. Germany’s DAX was the standout performer, jumping 2.3 percent to 10,355.62, after ...

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OPEC keeps output target at 30 million barrels

George Jahn | The Associated Press VIENNA (AP) — Facing greater oil demand but possessing limited ability to satisfy it, OPEC countries on Wednesday agreed to keep unchanged their output target of 30 million barrels a day. OPEC Secretary General Abdullah Al-Badry sought to cast the 12 countries’ decision in a positive light. “We have a very comfortable price and ...

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