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That could significantly tighten the market. OPEC is discussing continuing the 2.2 million barrels per day voluntary cut through year end, according to three sources cited by Reuters. Oil prices are perking up on the report. Extending through year end is one option, with another option extending the cuts through Q3. Two sources also said they wouldn't rule ...
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Record-high crude imports in India have pushed Asia’s oil arrivals in May to the highest level in a year, per data compiled by LSEG Oil Research and cited by Reuters columnist Clyde Russell. Asia, the key crude oil importing region and a gauge of oil demand trends, is set to welcome in May 27.81 million barrels per day (bpd) of crude oil volumes, nearly 1 ...