China’s crude oil exports jump 37 percent in August
China’s crude imports rose 37.4 percent in August to 70 million barrels, per the General Administration of Customs. The eight month total reached nearly 600 million barrels, up 39.2 percent from a year earlier, as Russia’s Yukos cut some exports to CNPC and Sinopec.
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China
Shanghai
General Administration of Customs
Asia
Yukos
China National Petroleum Co
China Petroleum & Chemical Corp
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Northern Iraq oil exports back to normal
The Northern Oil Co said Iraq’s northern oilfields have returned to normal exports after saboteur attacks earlier this month crippled the main pipeline to Turkey. Output rose from 250000 to 600000 barrels per day as repairs completed, though analysts doubt attainment of targets amid high crude prices.
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Iraq
Kirkuk
Turkey
Northern Oil Co
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Fed raises rates again as economy shows momentum
The Federal Reserve boosted the federal funds target from 1.50% to 1.75% marking a third rate increase this year. Officials cited improved labor markets and renewed economic traction amid earlier energy-price drag, while Wall Street rose and election timing sparked debate over political optics.
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