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Russian oil output rises as production freeze in doubt

Bloomberg Russia’s oil output set a post-Soviet high in March as the success of a proposed crude production freeze between OPEC members and other major producers appeared to be in doubt. Russian production of crude and a light oil called condensate climbed 2.1 percent in March from a year earlier to 10.912 million barrels a day, according to the Energy ...

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‘The three green energy taxes that hurt Tata’s UK steel unit’

Bloomberg The U.K.’s steel crisis — worsened by Tata Steel Ltd.’s decision to sell its plant in Port Talbot, South Wales — has been exacerbated by three green taxes that the government implemented to boost clean energy, according to the manufacturers’s association EEF. The three levies are the Carbon Price Floor, Renewables Obligation and Feed-In Tariff policies. Each works differently. ...

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Treasuries rally intact as global woes outweigh US job gains

Bloomberg Benchmark Treasuries logged their best week since January even as data pointed to U.S. job-market strength. The rally shows traders are betting the Federal Reserve is focusing more on the struggling global economy than on data back home, according to Aaron Kohli of BMO Capital Markets. Treasuries are off to their best annual start since 2008 as slowing economies ...

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