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Saudi Arabia urges Opec+ producers to fully comply with output cuts
The alliance is extending a historic production cut until July
Opec+ extends historic output cuts until July
Crude prices registered their sixth weekly gains in anticipation of the meeting
US unemployment falls to 13.3% in May, beating expectations
The world’s largest economy has been the hardest hit from the pandemic
Arab Monetary Fund extends more than $300m in loan to Tunisia and Morocco
The loans will support reform of public finances amid the coronavirus outbreak
Oil loses steam as Opec+ production pact extension remains unclear
The producers are likely to meet mid-June after full review of compliance data
Brent rises above $40 for first time in three months
Prices gained as markets anticipate a rollover of historic cuts by the Opec+ alliance
Seasonal demand for LNG to contract for the first time in eight years
The super-chilled fuel favoured by Asian economies has been hit by lockdown measures to contain the coronavirus pandemic
Half of renewable capacity installed in 2019 cheaper than coal, Irena says
Around 1,200GW of existing coal-fired power plants could cost more to operate than installing new utility scale PV projects
Oil steadies as Opec+ set to meet this week
The alliance may convene on June 4 instead of the earlier proposed dates of June 9 and 10
Opec's president calls for an earlier meeting of producers
The proposal would allow members to factor any policy changes to Opec+ cuts ahead of their monthly export allocations
Universal access to energy unlikely by 2030 say energy agencies
A tracking report by the IEA and other energy agencies say sustainable development goals are unlikely to be reached on time
Oil gives up recent gains as inventory builds
Opec+ alliance set for virtual meeting on June 9 and 10 to review production cuts
Aramco and Big Oil vow to continue fighting climate change and urge greater action amid pandemic
Several organisations have urged governments not to neglect climate policy amid the Covid-19 crisis
Yellow Door Energy looks to raise $100m to fund renewables projects
The Dubai-based renewables company is working on $110m worth of projects in 2020
Global energy investment to see $400bn slump in 2020
Investment in the oil and gas sector is expected to fall by a third while spending on shale is set for a 50% decline, says IEA
