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Spain’s manufacturing economy expanded at a marked and accelerated rate during May on the back of rapidly increasing production and new order levels. Purchasing activity was raised to a quicker degree as firms geared up for future growth. They also added to their staffing levels to the greatest degree for over two years. Capacity pressures nonetheless ...
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As widely expected ahead of Sunday’s virtual gathering, OPEC and its allies agreed to extend cuts of 3.66 million barrels per day bpd until the end of 2025 and begin phasing out voluntary cuts of 2.2 million bpd over the next 16 months, beginning in September. While markets had expected OPEC and Russia to extend voluntary cuts by a few months due weaker oil ...