Trump says OPEC has not asked him for a U.S. oil production cut

© Reuters. U.S. President Trump leads daily coronavirus response briefing at the White House in Washington By Jeff Mason WASHINGTON (Reuters) – President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout […]

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Canada, U.S. farms face crop losses due to foreign worker delays

© Reuters. A Mexican migrant worker picks blueberries during a harvest at a farm in Lake Wales By Rod Nickel and Christopher Walljasper WINNIPEG, Manitoba/CHICAGO (Reuters) – Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country’s fruit and vegetable output this year, and travel problems related to the pandemic could also […]

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Oil prices decline $3 a barrel as market remains uncertain on supply outlook

© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County By Jessica Resnick-Ault NEW YORK (Reuters) – Global benchmark oil prices traded as much as $ 3 a barrel lower as the market opened for Monday’s trading session, reflecting fears of oversupply after Saudi […]

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Commodities Week Ahead: Trump & The Oil Market – Part 1

© Reuters. By Barani Krishnan Investing.com – Should Donald Trump tax the import of Saudi and selective foreign crude as a last resort to save U.S. oil producers? The president threatened on Saturday to “do whatever I have to do” in order “to protect … tens of thousands of energy workers and our great companies”. […]

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Trump threatens tariffs on oil imports to ‘protect’ U.S. energy workers

2/2 © Reuters. U.S. President Trump leads the daily coronavirus response briefing at the White House in Washington 2/2 By Jeff Mason and Timothy Gardner WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to “protect” U.S. energy workers from the oil price crash […]

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OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse

© Reuters. FILE PHOTO: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia’s Energy Minister Novak are seen at the beginning of a meeting in Vienna By Rania El Gamal and Vladimir Soldatkin DUBAI/MOSCOW (Reuters) – OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources […]

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Gold Ends Week in $1,600 Zone After Epic U.S. Job Losses

© Reuters. By Barani Krishnan  Investing.com – Gold dug its heels into the $ 1,600 territory on Friday, ending its second week there, as investors turned again to the comfort of safe havens after epic U.S. job losses for March from the Covid-19 pandemic. The United States lost 701,000 jobs in March as the pandemic […]

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OPEC+ debates biggest ever cut as virus destroys oil demand

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary By Rania El Gamal and Alex Lawler DUBAI/LONDON/MOSCOW (Reuters) – OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called […]

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Oil posts biggest one-day gains after Trump touts Saudi-Russia oil deal

© Reuters. FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County By Scott DiSavino NEW YORK (Reuters) – Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce […]

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Pigs fly in as China replenishes world’s biggest hog herd

© Reuters. FILE PHOTO: Pigs are seen in a pig farm in Bouille-Menard, France By Dominique Patton BEIJING (Reuters) – Six planes carrying more than 4,000 high-quality French breeding pigs have arrived in China so far this year, the first of an expected dozens of plane-loads as the world’s top pork producer rebuilds its decimated […]

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