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Serious drawdown of oil quotes

    Serious drawdown of oil quotes

Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce production in July also made the oil fall. At 8.13 Moscow time, oil futures of the European Brent crude oil

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On May 19, Beijing frees some US goods from duties

    On May 19, Beijing frees some US goods from duties

China’s government is reversing decisions taken during the aggravation of relations with the United States. We are talking about increased import duties on certain groups of goods produced in the States. So, the Ministry of Finance of the PRC has issued a press release that reports that on May 19,

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While oil production reduces around the world, Brazil increases export

    While oil production reduces around the world, Brazil increases export

Petrobras, a Brazilian state-owned oil and gas corporation, has  released April reports. It became known that in a month the Brazilians had increased exports to record levels. In the second spring month, the average value of this indicator amounted to one million barrels per day. This is 145% more than

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WTI crude oil falls due to the fear of the lack of storage

    WTI crude oil falls due to the fear of the lack of storage

Today, the WTI crude oil is plummeting. The fall has amounted to 15%.The investors’ desire to get rid of futures with a close shipment date in a situation of the clear lack of shortage caused the sharp fall. June futures for Brent crude oil have dropped too. At 7.15 Moscow

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Twitter CEO to donate $ 1 billion to fight coronavirus

  Twitter CEO to donate $ 1 billion to fight coronavirus

Jack Dorsey, who is known for his Twitter and Square projects, has decided to donate about $ 1 billion to combat coronavirus. Mr. Dorsey said that the amount allocated was about 28% of his personal fortune. The exact amount of

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Russia and Saudi Arabia argue on the eve of the OPEC+ meeting

  Russia and Saudi Arabia argue on the eve of the OPEC+ meeting

Today began with a decline in the energy market. It was caused by investors’ skepticism about the fact that Saudi Arabia, the United States and the Russian Federation would be able to agree on the cut of the world production

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Amazon intends to hire 100 thousand more workers

  Amazon intends to hire 100 thousand more workers

Amazon.com, an international online retailer, has announced its intention to hire 100,000 people. This is primarily about workers serving warehouses in the United States. This expansion of staff is due to the fact that the number of online purchases has

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Japan’s GDP lost 7% in the IV quarter

  Japan’s GDP lost 7% in the IV quarter

Financial indicators of Japan for the fourth quarter of last year have been made public. The country’s GDP has fallen 7%. This is the biggest drop in the last 5.5 years. An increased consumption tax caused the decline. According to

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Costco sales grew 12% in February

  Costco sales grew 12% in February

An American company Costco Wholesale Corp. has told the investors about the sales growth in February by 12.1%. The notorious coronavirus and the consumers’ desire to purchase in bulk caused the growth. Demand strongly increased in the last week of

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China lifts duties from 700 American goods

  China lifts duties from 700 American goods

Chinese authorities are preparing to increase the amount of raw materials purchased from the United States. Thus, China demonstrates its readiness to fulfill its obligations under the first phase of the trade agreement. The Chinese Ministry of Finance has published

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