Oil hovers below 2019 highs on OPEC cuts, trade talks in focus
Oil stayed within sight of its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although concern about slowing economic growth that would curb demand weighed, reports Reuters.The supply curbs led by the Organisation of the Petroleum Exporting Countries have helped crude prices to rise...
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IATA objects Bali tourist tax for cultural, environmental preservation
The International Air Transport Association (IATA) has expressed its objection to a plan of the Bali administration to impose a levy on foreign tourists that may be included in airline tickets, according to The Jakarta Post.The group, which represents more than 290 airlines accounting for 82 per cent of total...
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Gold holds close to 10-month highs
Palladium hit a record high on Tuesday, moving close to US$1,500, due to a prolonged supply deficit, while gold rose to a near 10-month high as rising optimism for a U.S.-China trade deal subdued the dollar.Spot palladium, which traded as high as $1,491 per ounce, was up 1.3 per cent...
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Varun Beverages to bottle all the Pepsi that India drinks
Beverage maker PepsiCo will divest its bottling franchisee rights in the West and South of the country to Ravi Jaipuria-owned Varun Beverages in a deal estimated at Rs 1,850 crore and involving the transfer of 1,900 employees, according to Economic Times. Varun Beverages board has approved the plan to acquire...
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Workers sort arabica coffee beans
Coffee : Indonesian workers sort arabica coffee beans by hand in Medan, North Sumatra on Monday — AFP
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Despite sanctions, Iran's oil exports rise in early 2019
LONDON (Reuters): Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from U.S. sanctions. Shipments are averaging 1.25 million barrels per day (bpd) in...
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