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OPEC+ has the outline of a deal to extend a crucial tranche of its oil supply cuts into the second half of the year, delegates said, as the group continues its efforts to avert a global surplus and shore up prices. The so-called “voluntary” cuts from key members including Saudi Arabia and Russia total roughly 2 million barrels a day and are set to expire at ...
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Saudi Arabia’s wealth fund is starting to add some new fine print to the documents it sends to bankers hoping to do business with the $925 billion investor. It wants to know whether their firms have obtained a regional headquarters license in the kingdom. The move shows the government is doubling down on efforts to get international financial firms to boost ...