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CommodityOilPrice.com

UK Weighs Scrapping Its Largest Untapped Oilfield With Oil Over $100

Britain is deciding whether to drill its largest untapped oilfield in the middle of an oil shock, with Brent above 100 and more than 70% of its oil already coming from abroad. Rosebank, west of Shetland, is an £8.7 billion (~11.6 billion) development that its operator says would pump about 69,000 barrels a day at peak, roughly a tenth of the country’s expected oil output. The production vessel…

ForexForexLive

Japan September services PPI holds at 3.7% y/y, in line with forecast, before BoJ

An in-line print is unlikely to move the yen much on its own, but it removes one possible dovish surprise before Friday’s decision and keeps the backdrop supportive of December hike pricing. Steady services inflation strengthens the case for the Outlook Report to effectively declare underlying inflation has reached 2%, which would support the yen and short-end JGB yields. The bigger moves are…

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