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hydrocarbons

hydrocarbons latest

Oil prices down on OPEC+ uncertainty, US Dollar struggling
December 4th, 2023 - 10:43 GMT

Oil prices down on OPEC+ uncertainty, US Dollar struggling

ALBAWABA – Oil prices slid Monday as ambiguity shrouded the Organization of Petroleum Exporting Countries and its allies’ (OPEC+) decision to enact additional output cuts, while the US Dollar struggled to pare some of its previous losses. OPEC+ reportedly reached an initial agreement to introduce an additional one million barrel per day (bpd) cut, on top of the mandatory one million barrel per day cut enacted earlier this year. That ...
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UAE sidelines 2023 recession
December 21st, 2022 - 06:50 GMT

UAE economy to dodge recession in 2023

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