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Oil surges to $80 as energy crisis threatens supplies

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Bloomberg US crude futures topped $80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at a time when Opec+ producers are keeping supplies tight. Futures in New York rise 1.3%, popping above the key, psychological level before pulling back. This week brought many indications that supplies will remain constrained: Saudi Aramco said ...

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Sheikh Mohamed, Angolan president discuss bolstering ties

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday discussed ways of fostering the friendship and cooperation ties between the UAE and Angola in a phone call with President Joao Lourenco. The two leaders also addressed the prospects of accelerating trade and ...

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China presses US to remove sanctions, additional tariffs

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Bloomberg US Trade Representative Katherine Tai and Chinese Vice Premier Liu He met virtually to discuss trade issues between the US and China. They agreed “that the two sides would consult on certain outstanding issues,” according to a White House account of the meeting. “In addition, Ambassador Tai emphasized US concerns relating to China’s state-led, non-market policies and practices that ...

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