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Iran supports unanimous OPEC output cut plan: Zangeneh
DUBAI (Reuters) – Iran supports deeper crude oil cuts by the Organisation of the Petroleum Exporting Countries (OPEC) if a majority of members agreed with it, Oil Minister Bijan Zangeneh was quoted as saying by the Iranian energy news website Shana. A technical panel, known as the JTC, that advises OPEC and its allies led […]
Japan keeps view economy recovering, flags virus as big risk
TOKYO (Reuters) – Japan’s government kept its view that the economy is recovering moderately in a monthly report in February as the labor market remained solid, but it warned about risks to the outlook from the coronavirus epidemic. The new assessment came even after Japan’s economy shrank at the fastest pace in almost six years […]
Analyst View: What rising Middle East tensions mean for oil market
(Reuters) – The United States launched an air strike against a leading Iranian military commander on Friday, heightening fears of a conflict escalation in the Middle East that could hurt crude supplies in the region. Iran promised vengeance after a U.S. air strike in Baghdad killed Qassem Soleimani, Tehran’s most prominent military commander and the […]