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The Latest Breaking News from OPEC

3 Energy Stocks That Make Great Buys Even When the Market Swings

The energy sector is facing volatility due to oil price swings amid geopolitical issues. However, oil prices might rise due to potential OPEC output cuts. Hence, investing in energy stocks TotalEnergies (TTE), Valero Energy (VLO), and APA Corporation (APA) might be wise. Read more….

StockNews.com

Dow Jones Trades Mixed On Conflicting Economic Reports; Oil Prices Rise After OPEC Cut

Stock market erases gains to trade mixed on conflicting economic reports; oil prices rise after OPEC+ announces production cut.

Investors Business Daily

Top Financial Stories Tuesday, September 6: Focus on iPhone 14 Event, OPEC+ Plans Mild Production Cut, Netflix Says No To Crypto Ads And More…

Reuters EQT Corp Close To Buying THQ Appalachia

Benzinga

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Asian markets mostly rise as bargain-buying offsets fears over outlook

Hong Kong (AFP) - Asian investors squeezed out gains Tuesday as they tried to recover from the previous day's losses, but they remain gripped by fears over Europe's worsening energy crisis, China's economic slowdown and central bank efforts to contain surging inflation.

AFP

FTSE 100 Live: Retail stocks bounce on energy bill hopes, pound steady

Speculation that incoming prime minister Liz Truss is planning a freeze to energy bills lifted retailers and stocks with exposure to the UK economy today.

Evening Standard

Oil Prices Ease on OPEC+ Output Cut

Oil prices inched lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market's recent slide. Brent crude futures had fallen 81 cents, or 0.9%,…

Asharq Al-Awsat

Asian markets mixed as bargain-buying tempers fears over outlook

Hong Kong (AFP) - Asian investors struggled Tuesday to recover from the previous day's losses on growing fears over Europe's worsening energy crisis, China's economic slowdown and central bank efforts to contain surging inflation.

AFP

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Australian shares drop as the Reserve Bank hikes rates again

It started off optimistically, but the ASX 200 lost ground on Tuesday as the market was hit by another rate hike.

ABC News

OPEC Makes Slight Production Cut For October

OPEC and OPEC+ slashed production levels slightly for October, which energy analysts did not expect.

The Street

OPEC+ agrees oil output cut to prop up prices

Vienna (AFP) - The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year as it seeks to lift prices that have tumbled due to recession fears.

AFP

OPEC+ weighs output decision, with a possible cut

Vienna (AFP) - The OPEC+ oil cartel is expected to agree on another small production increase Monday, though it could opt to cut output to lift prices that have tumbled over recession fears.

AFP

OPEC+ faces what to do about lower oil prices; drivers cheer

Oil prices are sagging amid fears of recessions across the globe

The Independent UK

Gas prices soar and pound and euro fall as Russia shuts Nord Stream pipeline

European countries scramble to store as much gas as possible before winter as they brace for shortages

The Guardian - UK

Oil Prices Climb over $2/bbl Ahead of OPEC+ Meeting

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures had risen $2.42, or 2.6%, to $95.44 a barrel by 0641 GMT after gaining…

Asharq Al-Awsat

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The Guardian - UK

Opec and allies to cut oil output in October; gas prices jump after Russia pipeline closure – as it happened

Oil cartel agrees 100,000 barrels/day cut to production; wholesale gas prices jump after Russia keeps a key pipeline to Europe closed

Bangkok Post

Look for selective plays with strong growth stories

We expect the SET Index to move higher in September. On the external front, we believe investors have digested the prospect of more rate hikes from the US Federal Reserve and thus expect a limited impact from the next upward move, given the hawkish signals sent recently by Fed chairman…

Investors Business Daily

Oil Prices Erase Gains Despite Surprise OPEC+ Production Cut

Oil prices erased Monday's initial gains despite OPEC+ unexpectedly agreeing to trim production quotas. This may have little impact on output.

Asharq Al-Awsat

OPEC+ JTC Raises 2022 Oil Market Surplus Forecast

The oil market is likely to have a surplus greater than forecast earlier this year amid pressures from rising energy costs and tightening monetary policy that decreased demand for oil, OPEC + said in a report on Wednesday. The report comes days ahead of an OPEC+ policy meeting on Sept.…

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The Street

Looking Behind the Curtain at Crude Market Volatility

Between March and mid-August, the daily price change in WTI crude oil has averaged $3 per barrel, approximately three times the levels seen in 2021. We look at the events driving higher volatility.

Bangkok Post

Russia Confounds the West by Recapturing Its Oil Riches

Russia pumps almost as much oil into the global market as it did before its invasion of Ukraine. With oil prices up, Moscow is also making more money.

Asharq Al-Awsat

Oil Slides More than $7 on Inflation and Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation's crude exports. Brent crude futures…

Tribune News Service

Deadly turmoil erupts in Iraq after top cleric’s resignation

Iran closed its border crossings with Iraq after deadly clashes erupted in Baghdad over a prominent cleric’s decision to resign from politics, deepening a government crisis in the OPEC-member state.

The New Daily

‘Double whammy’: Petrol prices to surge as global oil rebounds before tax relief ends

Australians are being warned to brace for higher fuel costs in September as rising global oil prices flow through to local petrol bowsers.

AFP

Most markets bounce after Powell-induced sell-off

Hong Kong (AFP) - Markets mostly rose Tuesday on bargain-buying following the latest sell-off, but confidence remains at a premium as traders contemplate the prospect of more Federal Reserve interest rate hikes and a possible recession.

AFP

Asian markets mixed as traders steel for more rate hikes

Hong Kong (AFP) - Asian markets were mixed Tuesday with confidence at a premium as traders contemplate the prospect of more Federal Reserve interest rate hikes and a possible recession.

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