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  • Reuters

    OPEC sticks to oil demand view, sees potential economic upside

    OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 on Tuesday and said there was a chance the world economy could do better than expected this year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. This is the last report before OPEC+, which groups OPEC and allies led by Russia, meets on June 1 to set output policy.

  • Reuters

    US Capitol riot's shadow looms over Maryland, West Virginia primaries

    More than three years have passed since former President Donald Trump's supporters stormed the U.S. Capitol on Jan. 6, 2021, trying to overturn his election defeat, but the event will play a major role in a series of congressional primaries on Tuesday. The riot played a major role in the life of two candidates seeking their parties' nominations to run for the U.S. House of Representatives -- Democratic former Capitol Police officer Harry Dunn of Maryland and West Virginia Republican Derrick Evans, who served time in prison after pleading guilty to joining the unrest. Both are seeking their party's nominations in highly partisan districts that are seen as unlikely to be competitive in the Nov. 5 general election, when Republicans will be defending a narrow House majority.

  • PA Media: Money

    Bank’s top economist says ‘not unreasonable’ to consider summer rate cut

    Huw Pill also said there is ‘some way to go’ in getting and keeping inflation to the Bank’s 2% target.