Already up nearly $1 per gallon this year, gas prices don t show any sign of dropping
If youâre tired of staying at home, there isn t much choice than to hit the road.
By: Jennifer Ann Wilson
and last updated 2021-07-05 18:24:54-04
(WXYZ) â If youâre tired of staying at home, there isn t much choice than to hit the road.
Related: I need it so . it s a necessity, said driver Tamika McClindon about filling up the tank.
Right before a holiday weekend, the rise in gas prices is no surprise, but the prices were seeing now, aren t just holiday hikes.
Biden administration pushes for compromise solution in OPEC+ talks
07/05/2021 20:57
WASHINGTON (Reuters) - The Biden administration is pushing for a compromise solution in stalled OPEC+ oil output talks, a White House spokesperson said on Monday.
OPEC+ ministers called off those talks on Monday after the United Arab Emirates rejected a proposed eight-month extension to curbs on output. Four OPEC+ sources told Reuters there has been no progress toward a deal. The United States is closely monitoring the OPEC+ negotiations and their impact on the global economic recovery from the COVID-19 pandemic, the White House spokesperson said in a statement. We are not a party to these talks, but Administration officials have been engaged with relevant capitals to urge a compromise solution that will allow proposed production increases to move forward.
Tuesday, 06 Jul 2021 07:18 AM MYT
Saudi energy minister Prince Abdulaziz bin Salman had called for compromise and rationality to secure a deal after two days of failed discussions last week. Reuters pic
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DUBAI, July 6 Opec+ ministers called off oil output talks yesterday after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed.
Saudi energy minister Prince Abdulaziz bin Salman had called for “compromise and rationality” to secure a deal after two days of failed discussions last week.
GLOBAL MARKETS-Asia opens higher, but China tech worries weigh on Hong Kong Reuters 7 hrs ago
By Scott Murdoch
HONG KONG, July 6 (Reuters) - Most Asian share markets opened a fraction higher on Tuesday, ahead of a key decision by Australia s central bank on its quantitative easing program and despite ongoing concerns over the future regulation of China s powerful technology sector.
U.S. markets were closed on Monday to mark the Independence Day holiday, leaving the Asian region without a strong lead to start trading on Tuesday.
MSCI s broadest index of Asia-Pacific shares outside Japan was up 0.05%.
In Hong Kong, the Hang Seng Index was down 0.7% while China s CSI300 was off by nearly 0.3%.
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Brent was up 18 cents, or 0.2%, at $76.35 a barrel by 1228 GMT, trading around 2-1/2 year highs. U.S. oil gained 22 cents, or 0.3%, to $75.38 a barrel.
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The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, resumes talks on Monday after failing to reach a deal last week amid a standoff between Saudi Arabia and the United Arab Emirates.
OPEC+, which agreed record output cuts in 2020 to cope with a COVID-induced price crash, voted on Friday to lift output by about 2 million barrels per day (bpd) from August to December 2021 and to extend their remaining cuts to the end of 2022, instead of ending in April 2022. The UAE blocked an agreement.