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Organization of the Petroleum Exporting Countries·Nov 1, 202645 signal

Press Releases

The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on...

Business
Capital Brief·Nov 1, 202645 signal

National home values fall 1.2% in October: Cotality

Australia’s national Home Value Index fell 1.2% in October, marking its seventh consecutive monthly decline, with the housing downturn progressing at a faster pace than any previous downturn over the past 40 years, according to Cotatlity’s latest research.

Economy
BigGo Finance·Nov 1, 202645 signal

France Opens Diesel Reserves: TotalEnergies and E. Leclerc Slash Fuel Prices Sharply

France has released ten million barrels of diesel from its strategic reserves. The volumes, sold at 0.28 euros per liter instead of around 1.10 euros, are driving noticeable price cuts at the pumps: TotalEnergies lowered the cap at its Access stations to 2.15 euros per liter, while E. Leclerc and Coopérative U announced a discount of 21 cents per liter. The average diesel price recently stood at around 2.37 euros. The backdrop is a strained supply situation with shortages at roughly every seventh station, caused by low Rhine water levels and heavy demand.

Economy