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  • US accuses OPEC+ of aligning with Russia, Gulf states deny politics at play

    From middleeasteye.net

    Ministers from a group of oil exporting countries led by Saudi Arabia and Russia agreed on Wednesday to slash output by two million barrels a day, prompting pushback from the US and igniting fears that it could propel global inflation higher. The decision came despite heavy lobbying by Washington in Gulf capitals against the move. "It's clear that Opec+ is aligning with Russia with today's announcement," White House press secretary Karine Jean-Pierre said aboard Air Force One. "The president is disappointed by the shortsighted decision of Opec+," national security advisor Jake Sullivan and top economic advisor ... (full story)

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  • Comment #1
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  • Oct 6, 2022 6:07am Oct 6, 2022 6:07am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 591 Comments
"Houthis Warn Oil Firms To Leave Saudi Arabia And The UAE"
https://www.zerohedge.com/geopolitic...arabia-and-uae

....................mmhh...Nothing to see here...its just my imagination
 
 
  • Comment #2
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  • Oct 6, 2022 6:39am Oct 6, 2022 6:39am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1480 Comments
However it get dressed up, it's just Business. Restrict supply - get more money for selling the same thing....

Market making 101...
 
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    New Zealand Can Avoid Recession as Rates Climb, Robertson Says

    From bnnbloomberg.ca|Oct 6, 2022

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    USD/JPY to Eye a Return to 145.5 on US Jobless Claims and Fed Chatter

    From fxempire.com|Oct 6, 2022|1 comment

    It is a quiet start to the Asian session for the USD/JPY pair, with no economic indicators from Japan for the markets to consider. Following a pickup in service sector activity at ...

    Manufacturing in August 2022: new orders down 2.4% on the previous month

    From destatis.de|Oct 6, 2022

    Real (price adjusted) new orders in manufacturing decreased by 2.4% on a seasonally and calendar adjusted basis in August 2022 compared with July 2022, according to provisional ...

    Bears fortify bets on Asian FX on resilient US dollar, growth fears: Reuters Poll

    From channelnewsasia.com|Oct 6, 2022

    Analysts' positions on most emerging Asian currencies firmed deep in bear territory, a Reuters poll found, as a resilient dollar, a coerced yuan, a decisively hawkish U.S. Federal ...

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  • Posted: Oct 6, 2022 12:54am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 1,409
  • Linked event:
    All OPEC-JMMC Meetings
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