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Novak Backs Further OPEC+ Output Hike

Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January. (Bloomberg) Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never restore production, others will restore it.” Brent crude has averaged about $50 a barrel since early December, when the Organization of Petroleum Exporting Countries and its allies adopted a new plan to make gradual output increases. The group, which is led by Russia and Saudi Arabia, will boost daily crude production in monthly increments of as much as 500,000 barrels next year, instead of the previous plan to add almost 2 million barrels from Jan. 1.

Russia plans to back another OPEC+ production hike in February

Russia plans to back another OPEC+ production hike in February By Olga Tanas on 12/27/2020 Alexander Novak MOSCOW (Bloomberg) Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never restore production, others will restore it.” Brent crude has averaged about $50 a barrel since early December, when the Organization of Petroleum Exporting Countries and its allies adopted a new plan to make gradual output increases. The group, which is led by Russia and Saudi Arabia, will boost daily crude production in monthly increments of as much as 500,000 barrels next year, instead of the previous plan to add almost 2 million barrels from Jan

Rusya ideal petrol fiyatýný açýkladý - Türkiye nin bir numaralý finans ve ekonomi portalý Vatan Finans

Rusya ideal petrol fiyatýný açýkladý - Türkiye nin bir numaralý finans ve ekonomi portalý Vatan Finans
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22Dec2020 Pre-Market Commentary: Wall Street Futures Up Fractionally As Stimulus Optimism Trumps Mutant Virus Gloom, DOW Flat At +10 Points, Nasdaq Up 0 5%, Bitcoin Over 23 K

Historic increase in US GDP revised to 33.4% annualized rate (SPY +0.2%). The US economy grew at a record pace, fueled by $3 trillion in stimulus. Here is the current market situation from CNN Money European markets are mixed today. The DAX is up 1.09% while the FTSE 100 gains 0.43%. The CAC 40 is off 2.43%. What Is Moving the Markets Here are the headlines moving the markets. How Electric Vehicle Hype Created A Brand New Trillion Dollar Market By now, you probably already know that electric vehicles were one of the hottest markets, if not the single hottest market in 2020. You might also already know that Tesla soared 592%, and that its Chinese counterparts NIO, Xpeng, and Li Automobile soared 1411%, 105%, and 106% respectivelyBut what you may not yet know is that theres another opportunity emerging in EV markets. Some of the biggest opportunities in the exploding EV space arent to be found only in stocks of EV makers, instead, they could be made in companies that are sett

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