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Oil fell after Iraq said it won’t agree to more output cuts at the next OPEC+ meeting, raising the stakes in the run-up to the gathering on June 1. Brent traded below $83 a barrel after losing 1.3% on Friday, while West Texas Intermediate was near $78. Oil Minister Hayyan Abdul Ghani told reporters at the weekend that Iraq has cut enough, although it wasn’t ...
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The world’s biggest nuclear plant is likely to resume generation this year after more than a decade offline, part of a revival of the technology that will help ease Japanese power costs, according to BloombergNEF. Tokyo Electric Power Co. will start output from the No. 7 unit at the Kashiwazaki Kariwa facility in October under a base-case scenario, BNEF ...