Tag: Stocks
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Stocks of international oil companies rise, supported by OPEC + cuts
Shares of major oil companies jumped during trading today, Monday, April 3, with the support of the voluntary production cuts announced by 9 OPEC+ countries, led by Saudi Arabia. The 9 countries announced voluntary cuts of more than 1.66 million barrels per day, starting next May, as a precautionary measure aimed at supporting the stability…
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Stocks of oil derivatives in Morocco are not enough for more than a month
Stocks of oil derivatives in Morocco are one of the most important issues that concern the government, in light of its dependence mainly on importing fuel from abroad. Despite the strenuous efforts to secure fuel for the local market, fuel stocks are facing severe shortages compared to the levels required by law. In this context,…