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Global oil power Venezuela develops sudden thirst for American crude oil

Bloomberg Venezuela, owner of the world’s largest crude oil reserves, suddenly has a deep thirst for American oil. Petroleos de Venezuela SA, the state-owned oil company, has ordered millions of barrels of crude from the U.S. this year, according to published reports and data provided to Bloomberg, in a sign of how the lifting of the ban on U.S. oil ...

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Coffee supply ‘fragile’ as El-Nino curbs crops in South America

Bloomberg Coffee, which entered a bull market last week, may climb further this year amid increasing concern that global supply will continue to shrink because of El Nino-induced crop losses in South America and Southeast Asia, according to traders at an industry gathering. Worldwide demand may exceed output by as many as 4 million bags in the season that will ...

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Brazil-like scandal embroils entire Chilean political class

Bloomberg Chile, widely viewed as a model of stability and democracy in a region plagued by impropriety and upheaval, is facing a campaign funding scandal that has cast a shadow over politicians of all major parties. More than a year of revelations has helped drive to record lows the approval ratings of the government, President Michelle Bachelet, the Chamber of ...

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