OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

LONDON, July 5 (Reuters): OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and US attacks on Iran.The group, which pumps about half of the world's...

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Saudi Aramco considers sale of five power plants to raise billions

DUBAI, July 5 (Reuters): Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.The potential sale of four or five...

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Vietnam Q2 GDP growth quickens on strong exports

HANOI, July 5 (Reuters): Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after US President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products.Concerns over the Southeast Asian manufacturing hub's...

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Indonesia offers to cut duties on US goods, buy $500m wheat

JAKARTA, July 5 (Reuters): Indonesia has offered to cut duties on key imports from the United States to "near zero" and to buy $500 million worth of US wheat as part of its tariff talks with Washington, its lead negotiator and a wheat industry association said on Friday.Chief economics minister...

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