Eurozone Stocks Rise At Open Ahead Of OPEC+ Meeting
Jun 3, 2022 ·
50s
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Description
Eurozone stock markets opened higher as investors await an output decision by major oil-producing nations. The OPEC+ group of major oil producers, led by Saudi Arabia and Russia, is expected...
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Eurozone stock markets opened higher as investors await an output decision by major oil-producing nations.
The OPEC+ group of major oil producers, led by Saudi Arabia and Russia, is expected to continue its policy of modestly increasing production after the EU agreed to ban most Russian crude.
Oil prices fell by almost two per cent on Thursday Financial Times report that Saudi Arabia was considering a plan to boost output as Russia struggles to meet targets owing to Ukraine war-linked sanctions.
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The OPEC+ group of major oil producers, led by Saudi Arabia and Russia, is expected to continue its policy of modestly increasing production after the EU agreed to ban most Russian crude.
Oil prices fell by almost two per cent on Thursday Financial Times report that Saudi Arabia was considering a plan to boost output as Russia struggles to meet targets owing to Ukraine war-linked sanctions.
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Author | Africa Business Radio |
Organization | Africa Business Radio |
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