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Oil Drops 31% in Worst Loss Since Gulf War as Price Fight Erupts
Business

Oil Drops 31% in Worst Loss Since Gulf War as Price Fight Erupts

Oil markets tumbled the most since the Gulf War in 1991 after the disintegration of the OPEC+ alliance triggered an all-out price-war among the world’s biggest producers. In one of the most dramatic bouts of…

Read More Oil Drops 31% in Worst Loss Since Gulf War as Price Fight EruptsContinue

OPEC and allies prepare to deepen oil output cuts
Business

OPEC and allies prepare to deepen oil output cuts

OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC and its…

Read More OPEC and allies prepare to deepen oil output cutsContinue

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