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NOTHING IS PERMANENT EXCEPT CHANGE

  • The U.S. president has sought to publicly intervene in OPEC's policymaking ahead of a key meeting for the 14-member oil cartel on Friday.
  • Trump, perhaps wary of the average U.S. gasoline price hovering near $3 a gallon, has sought to hold OPEC accountable for a recent upswing in oil prices.
  • However, Zanganeh said it was Trump who had created difficulty for the oil market by imposing sanctions against Iran and Venezuela yet he now expects OPEC to deal with the consequences by pumping more.

OTHER NEWS

Oil prices remain under pressure and could extend their losing streak into a 13th day. Both major benchmarks are trading higher on Wednesday, but not by any significant margin. Prices dropped as much as 7% on Tuesday after US President Trump again pushed back against Saudi Arabia’s plans to increase production. Analysts fear that the […]

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In Britain, one of Huawei’s most important Western markets, relations are strained because of a technical issue in a software-testing lab

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