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The single-pricing regime (SPR) for unit trusts will in the long run pressure fund houses to reduce sales charges and see unit trust consultants playing a more active and advisory role in their clients' future investments.
NEW YORK: Energy companies have begun taking back millions of barrels of oil from the U.S. government's emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.
PETALING JAYA: The prices of crude oil will only drop slightly should the United States decide to release part of the country's 727 million barrels under its Strategic Petroleum Reserve (SPR) to support the still fragile economic recovery.
NEW YORK: President Donald Trump’s budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America’s shale boom has lessened the need for an emergency stockpile.
There's a change brewing in China. In a country steeped in millennia-old traditions of drinking tea, the younger generation in fast-developing coastal provinces is switching to coffee as part of the drive to embrace Western tastes.
WASHINGTON (Reuters) - Barack Obama and David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices.
NEW YORK, Sept 16 (Reuters) It might not sound like much of a victory. The United States and other oil consuming countries release emergency stocks of oil to put a lid on prices. The result: oil prices in London rise by $1 since the program began, three months ago.