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Column: The recession will be necessary to rebalance the oil market

Column: The recession will be necessary to rebalance the oil market

LONDON, Sept 22 (Reuters) – Unused capacity in global oil production has fallen to exceptionally low levels, contributing to intense upward pressure on prices until very recently. Restoring idle capacity to more comfortable levels will require a slowing of the business cycle, which is why a recession or at least a serious downturn is inevitable. …

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Asian stocks fall, yields rise as markets brace for aggressive Fed

Asian stocks fall, yields rise as markets brace for aggressive Fed

Visitors walk past the Japan Nikkei stock price quotation board inside a conference hall in Tokyo, Japan September 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 21 (Reuters) – Stocks in Asia fell and bond yields rose on Wednesday as investors braced for another aggressive interest rate …

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Stocks tight, dollar bullish for central bank frenzy

Stocks tight, dollar bullish for central bank frenzy

Passers-by wearing protective face masks walk past a stock market quotation board in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures slide, Nikkei futures fall Fed tops central bank meetings Market tilts towards 75 bps from Fed, PBOC eases Dollar firm near multi-year …

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Asian stocks extend global rout, yen rallies on intervention indices

Asian stocks extend global rout, yen rallies on intervention indices

An electronic stock quotation board is displayed in a conference room in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei falls 2.3%, S&P 500 futures stabilize The dollar falls 0.6% against the yen following the announcement of a rate control by the BoJ US 2-year …

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Stocks and euro jump on Ukraine's advance in the northeast

Stocks and euro jump on Ukraine’s advance in the northeast

STOXX 600 up 1% US stock futures gain The euro up 0.9% against the dollar LONDON, Sept 12 (Reuters) – European stocks surged on Monday after Ukrainian forces advanced rapidly into Kharkiv province in Russia’s worst setback since abandoning its push into Kyiv in March, while the euro extended its gains inspired by the European …

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Oil rises 4% on supply threats, still forecast for weekly decline

Oil rises 4% on supply threats, still forecast for weekly decline

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Join now for FREE unlimited access to Reuters.com Register Oil benchmarks head for second weekly decline Putin threatens to cut off all energy sources Fed’s Waller: Need aggressive rate hikes now while economy …

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EU to claw back profits from energy companies rather than cap Russian gas price

EU to claw back profits from energy companies rather than cap Russian gas price

Join now for FREE unlimited access to Reuters.com Register EU countries ask bloc to propose windfall income cap Ministers also call for EU proposal on gas price cap Countries resist EU proposal to cap Russian gas price BRUSSELS, Sept 9 (Reuters) – EU energy ministers on Friday instructed the European Commission to impose a cap …

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