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Argentina plans energy auctions to drive $7 billion investment

  Bloomberg Argentina is planning at least four energy auctions this year that are expected to attract as much as $7 billion in investments as president Mauricio Macri seeks to boost generating capacity for both conventional and renewable power plants. The country will hold two auctions for new thermal capacity, one for renewable energy and one for new transmission lines, ...

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OPEC, allies improve compliance with oil-output cuts

  Bloomberg OPEC and its allies improved their collective compliance with a supply-cuts agreement last month as deeper reductions from members of the group offset weaker implementation from other producers. The group of oil producers implemented 94 percent of their pledged 1.8 million barrels a day of supply cuts in February, up from 86 percent the previous month, according two ...

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Farmers slash corn planting as China’s stockpiles decay

  Bloomberg Farmer Zhang Qingjun said his cooperative in China’s northeast corn belt will slash this year’s planting of the crop by at least 40 percent when sowing starts next month because swollen government stockpiles of the grain have cut profits. “We can’t accept such low corn prices — you can barely make enough to feed the whole family,” Zhang ...

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