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CommodityOilPrice.com

Iran War Set To Push PetroChina’s Trading Profit to Record $3 Billion

The trading arm of China’s state-owned giant PetroChina is set to reap a record more than $3 billion (20 billion yuan) in trading profits this year as the Middle East crisis hiked crude prices and rattled global fuel markets and trade flows. PetroChina International (PCI), the trading vehicle of the biggest oil and gas producer in Asia, is set to book more than $3 billion in gross trading profit…

ForexForexLive

US September industrial production +0.7% vs +0.4% expected

Prior was 0.0% (revised to +0.1%) Capacity utilization 76.9% vs 76.5% exp Manufacturing output +0.3% vs +0.3% exp Prior manufacturing output -0.3% (revised to -0.2%) Mining +0.2% Utilities +3.5% Machinery +1.4%, primary metals +1.6%, electrical equipment +1.3%, chemicals +1.0%. The headline is flattered by utilities. Electric utility output jumped 3.7% m/m and is up 9.6% y/y, and the utility…

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