Author name: Siim

Dow pops more than 200 points after Trump announces Japan trade deal: Live updates

Dow pops more than 200 points after Trump announces Japan trade deal: Live updates

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Crude Oil Prices Slip on Concerns of a Mounting Global Oil Supply Glut

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August WTI crude oil (CLQ25) on Monday closed down -0.14 (-0.21%), and August RBOB gasoline (RBQ25) closed down -0.0215 (-1.00%). Crude oil and gasoline prices on Monday settled lower, with gasoline dropping to a 2-week low.  The outlook for larger crude exports from Iraq may boost global oil supplies and is weighing on prices.  Expectations

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Lower Oil Prices: Reduce 2025 Budget, IMF Urges Nigeria

Lower Oil Prices: Reduce 2025 Budget, IMF Urges Nigeria

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The federal government has been advised to cut down its N54.99 trillion 2025 budget to reflect a less favourable oil price environment. The International Monetary Fund (IMF), which made this call, also warned that the country remained vulnerable to external shocks despite recent macroeconomic gains. In its latest Article IV Consultation with Nigeria, the IMF

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Oil prices: IMF urges FG to review 2025 budget outlook, warns of fiscal vulnerability

Oil prices: IMF urges FG to review 2025 budget outlook, warns of fiscal vulnerability

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…Forecasts 3.4% economic growth for Nigeria in 2025 …Calls for sustained tight monetary policy, ‘robust’ FX reform …$17.4trn upstream investment required to avoid global market deficit — OPEC By Seun Ibiyemi The International Monetary Fund (IMF) has cautioned that Nigeria remains vulnerable to external economic shocks despite notable macroeconomic reforms, calling on the Federal Government

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California’s Gasoline Crisis Was Manufactured—Now They’re Pretending to Fix It

California’s Gasoline Crisis Was Manufactured—Now They’re Pretending to Fix It

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Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 28, 2025, 1:30 PM CDT California’s politicians want you to believe they’re trying to rein in sky-high gas prices. They’re not. What’s really happening is years

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