A Clear Message from China to OPEC+
China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg called "an unprecedented intervention."
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China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg called "an unprecedented intervention."
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President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.
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The Organization of the Petroleum Exporting Countries on Monday boosted its forecast for 2022 growth in global oil demand to 4.2 million barrels a day, up 900,000 barrels a day from its August projection. OPEC, in a monthly report, said it now expects 2022 global demand of 100.8 million barrels a day, topping pre-pandemic levels.
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