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Breaking News
Dec 3, 2022
  • Guyana agreed to renew its 2016 50:50 oil production sharing contract with ExxonMobil that pays only 2% royalty to the South American nation.
    • Qatar signed a 15-year contract to deliver 2 million tons a year of LNG to Germany through ConocoPhillips beginning '26, supplying 3% of Germany's needs.
      • After decades of coddling oligarchs and dirty money, Britain's agency said today it detained a "wealthy Russian businessman" on money laundering suspicion.
      • Dec 2, 2022
        • The U.S. economy added 263,000 jobs in November, highlighting the economic strength and jobless rate dropped to 3.7%.
          • The eurozone wholesale inflation dropped to 30.8% in October from 41..9% in September, Eurostat said Friday.
            • The euro and the pound closed higher for the second week in a row.
              • European markets closed higher for the seventh week in a row after inflation pressures eased and the euro advanced.
                • For the week, the S&P 500 gained 1.1% and the Nasdaq Composite increased 2.1%.
                  • The European Union agreed to cap the price for Russia's seaborne oil to $60 a barrel in an effort to punish President Vladimir Putin for invading Ukraine.
                  • Dec 1, 2022
                    • Euro zone jobless rate eased to a new record low of 6.5% in October from 6.6% in September, Eurostat said Thursday.