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economy

Oil extended losses on demand worries.
06 Oct 2023 International benchmarks for crude oil extended the fall on Thursday, 5 October 2023 as worries over the fuel demand overshadowed the continued production cuts from Saudi Arabia and Russia.
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06 Oct 2023

economy

India extended the timeline to implement quality control on PE, EVA.

The decisions came as many overseas suppliers have not completed the rigorous application process, including plant auditing, in order to obtain the B.I.S mark
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05 Oct 2023

economy

Oil fell more than $5/barrel on weak US gasoline demand.

Analysts added that US seasonal gasoline consumption is at the lowest in 22 years, citing the 30% spike in fuel prices
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05 Oct 2023

economy

Official data: China’s factory activities expanded for the first time in 6 months.

Industry experts said the positive development derived from a slew of growth support measures from the government and these policies started to take effect.
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05 Oct 2023

economy

EIA: US crude inventories continued to fall on strong exports, gasoline stocks rose.

The total commercial crude inventories in the US declined by another 2.2 million barrels in the week ending 29 September 2023 on strong export demand, according to data from the Energy Information Administration.
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29 Sep 2023

economy

Oil fell more than 1% on profit taking, interest rates worry.

International benchmarks for crude oil fell by more than 1% on Thursday, 28 September 2023 as traders took profit after prices soared to ten-month highs.
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28 Sep 2023

economy

Oil advanced as falling US crude inventories triggered more supply concerns.

International benchmarks for crude oil surged about 3% on Wednesday, 27 September 2023 after the Energy Information Administration (EIA) reported a 2.2 million barrels drop in the US commercial crude
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28 Sep 2023

economy

EIA: US crude inventories fell more than expected.

US commercial crude stockpile fell by 2.2 million barrels in the week ending 22 September 2023, more than analysts’ expectations of 320,000 barrels on strong export demand and refining activities.
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