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COP28: EU, IMF, Zambia call for more ambitious, widespread carbon pricing
- Carbon pricing is only way to meet climate targets, IMF head says at sideline event during UN climate change summit
Oil down on market expectations of larger OPEC+ cuts
- Group agrees to extend ongoing cutbacks for another three months, introducing voluntary cuts by some member countries
Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut
- Group did not elaborate on whether voluntary cuts would continue or not from January onward
Renewables and oil should coexist without posing mortal threat to each other: OPEC
- OPEC Secretary General challenges narratives confronting renewables and oil sector, arguing that former depends on petrochemical products
Türkiye's energy import bill down 27.9% in October
- At $5.37 billion, energy accounts for 18.2% of overall import figures in Türkiye in October
30.11.2023
Finance