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UAE said to cut its crude production by 160kbpd in 1Q
#UAE said to cut its crude production by 160kbpd in 1Q #oott
— Giovanni Staunovo (@staunovo) November 30, 2023
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A gauge of pending sales of existing US homes fell to its lowest level on record in October, illustrating a resale market battered by high borrowing costs and prices. The National ...
post: Oman will cut an additional 42k for Q1 2024 #OOTT #Opec
post: *NOVAK: RUSSIA TO DEEPEN VOLUNTARY OIL EXPORT CUTS IN 1Q post: *NOVAK: RUSSIA OIL-EXPORT CUTS IN 1Q 2024 TO REACH 500KB/D post: Russia will deepen its **export** (not production) cut to 500,000 b/d from 300,000 b/d through Q1, to consist of 300,000 b/d in crude cuts and 200,000 b/d in refined product cuts, deputy PM Alexander Novak says in a statement #OOTT #OPEC post: RUSSIA’S DEPUTY PM NOVAK: RUSSIA ARE TO GRADUALLY RETURN FLOWS LATER BASED ON MARKET CONDITIONS.
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post: ANGOLA TO PRODUCE 1.18M BPD, REJECTING OPEC QUOTA CALL FOR 1.11M BPD OUTPUT post: #Angola #OPEC governor says Angola will produce 1.18mbpd and rejects and will not stick to the new OPEC quota #oott
Ladies and gentlemen, Thank you very much for the invitation and the kind words. I am pleased to be with you today. Tomorrow the first door in the Advent calendar will open. For some people, before Christmas is a contemplative, cozy time - for example with visiting the Christmas market or baking cookies. For some, however, it is more stressful. For many, the approaching turn of the year also gives an opportunity to look back on the year that is coming to an end and think about the year ahead. On the occasion of today's annual reception, I would like to review with you monetary policy in 2023, followed by an outlook for 2024. And as the speech title says, we will address “multiple challenges”. 2 Too high inflation as a central challenge Among the many challenges, one is clearly central to the Eurosystem's monetary policy: inflation in the euro area has been too high for far too long. We inECBCouncil must fulfill our mandate. We need to bring inflation back in line with our target rate of 2 percent over the medium term. The development of the past few months is encouraging: price increases slowed significantly in September and October - both in Germany and in the euro area. According to preliminary estimates, inflation rates measured by the Harmonized Index of Consumer Prices fell further in November to 2.4 percent in the euro area and 2.3 percent in Germany. In contrast, the highs in October a year ago were 10.6 percent and 11.6 percent respectively. Given past price developments, the results of post: ECB'S NAGEL: FAR TOO EARLY TO DISCUSS RATE CUTS #News #Markets #ECB #live post: ECB'S NAGEL: A LEANER ECB BALANCE SHEET DESIRABLE, REDUCTION CAN ACCELERATE. post: ECB'S NAGEL: LONGER TERM INFLATION EXPECTATIONS STILL SOME WAY FROM 2%. post: ECB'S NAGEL: INFLATION RISKS STILL ON UPSIDE SO FURTHER RATE HIKE CAN'T BE RULED OUT.
The Bank of Canada is widely expected to hold the target for the overnight rate at 5% at the upcoming policy meeting on 6 December. At the October policy meeting, the accompanying ...
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- Posted: Nov 30, 2023 12:35pm
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