The Organization of Petroleum Exporting Countries (OPEC), along with Russia and other oil producers, announced on Wednesday that they would cut production targets by 2 million barrels a day, an action that could help Moscow pay for its war with Ukraine and hurt U.S. President Joe Biden’s chances to further cut gasoline prices for American
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The Organization of Petroleum Exporting Countries (OPEC) and its allies have agreed a small oil-production cut in October in a move aimed at stopping a slide in oil prices.
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The European Bank for Reconstruction and Development(EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
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The construction of Corridor Vc, the key infrastructure project the European Bank for Reconstruction and Development (EBRD) supports in Bosnia and Herzegovina, is progressing with new financing from the European Union (EU).
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