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Set Your Calendar, Oil Investors: OPEC Confirms A Meeting Set For September
Monday, August 8, 2016 - 8:28am | 312Read More...According to the Wall Street Journal, the Organization of the Petroleum Exporting Countries (OPEC) confirmed Monday it will host an informal talk in September at an energy conference. It isn't immediately known what is on the agenda for the meeting. The organization gathered back in April with the...
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Japan's Market Falls On Sales Tax Delay While Investors Focus On OPEC, ECB Meetings
Thursday, June 2, 2016 - 7:49am | 420Read More...Asian stocks were mostly mixed on Thursday with a notable exception: Japan. Japan's Nikkei index lost 2.32 percent, its worst daily decline in a month, after the country's Prime Minister Shinzo Abe officially moved a planned sales tax hike forward by two years. This is raising concerns...
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Oil Pro: Focus On The Fed, Not OPEC
Wednesday, June 1, 2016 - 9:40am | 237Read More...OPEC nations will gather in Vienna this week but this analyst is more focused on the Federal Reserve. Tamar Essner, NASDAQ Energy Director, was a guest on CNBC early Wednesday morning and explained why she is paying closer attention to the Federal Reserve than the outcome of the OPEC meeting...
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Global Equities Kick Off June In The Negative
Wednesday, June 1, 2016 - 7:35am | 500Read More...Asian stocks were mostly lower on Wednesday, partially in reaction to poor data out of China. China's government reported the country's official May manufacturing Purchasing Managers' Index (PMI) was unchanged at 50.1 from a month ago. A reading above 50 is considered to be a sign...
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Asian Stocks Rally On China's Large Gains While Europe Trades Lower
Tuesday, May 31, 2016 - 7:46am | 423Read More...Asian stocks were mostly higher on Tuesday, led by a surge in Chinese stocks. Investors and traders brushed off a brief flash crash in China's CSI 300 index in which Chinese stock futures plunged 12.5 percent on heavy volume. However, within one minute of the flash crash the index was back in...
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Doha Meeting Leads To No Deal; Oil Prices Plunge, But Recover
Monday, April 18, 2016 - 7:57am | 348Read More...Crude oil initially plunged lower by more than 6 percent after Sunday's gathering of OPEC and non-OPEC members failed to reach an agreement on oil exports. OPEC and several non-OPEC members met in Doha, Qatar to discuss a freeze in output levels to help boost crude prices. However, the...
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Asian Stocks Dip Lower Following Concerning China Report, Oil Falls Ahead Of Doha Meeting
Friday, April 15, 2016 - 7:27am | 220Read More...Asian stocks closed flat to slightly lower on Friday after data from China's government showed the economy grew 6.7 percent on-year in the first quarter. The government's figure was in-line with expectations, but marking a decrease from the 6.8 percent growth seen in the prior quarter....
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OPEC Reduces Expectations For Global Demand Growth
Wednesday, April 13, 2016 - 11:07am | 291Read More...The Organization of the Petroleum Exporting Countries slashed its forecast for global oil demand growth in 2016. According to Reuters, OPEC is now predicting global demand for oil will increase by 1.20 million barrels per day in 2016, marking a reduction of 50,000 barrels per day from its prior...
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Crude Gains On Tuesday, But Investors Nervously Await Next Week's Doha Talks
Tuesday, April 12, 2016 - 1:28pm | 282Read More...Crude oil gained on Tuesday and hit an intra-year high, but oil investors and traders may be right to hold a cautious stance ahead of the April 17 meeting between major OPEC nations and oil producers. Crude oil settled above the $40 per barrel mark for the first time in three weeks on Monday. The...
