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Tag Archives: #CL

Ruble Weakens to Catch Up With Lower Oil Prices: Inside Russia, By Vladimir Kuznetsov

(Bloomberg) — The ruble weakened against the dollar, catching up with Monday’s declines in Brent crude oil. The yield on 10-year bonds was steady, halting a three-day drop, ahead of auctions terms announcement. * Ruble declines 0.1% against the dollar to 59.9300 * Given the oil price, USD/RUB might return …

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Saudi Arabia Cuts Oil Exports as OPEC Looks to Stem Crude-Price Slide, By  Georgi Kantchev,   Nathan Hodge and   Benoit Faucon

Country’s energy minister blasts cartel members for ‘overproducing’  ST. PETERSBURG, Russia—Internal discord among OPEC members and big oil-producing allies spilled into public view Monday as the group struggles with its efforts to raise prices for crude. Until now, the Organization of the Petroleum Exporting Countries had largely blamed low prices on U.S. …

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U.S. Oil Producers Find a Surprise New Market: China a large oil importer, is buying nearly 100,000 barrels of oil a day from the U.S., By Brian Spegele

BEIJING—It was a gusher few expected. What began as a trickle of U.S. crude being sold to China is turning into a flood, the result of a surprise American glut that has made the country’s oil cheaper than Mideast rivals just two years after Congress lifted a 40-year export ban. China, …

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